EXHIBIT 12.2

BOISE CASCADE CORPORATION AND SUBSIDIARIES
Ratio of Earnings to Combined Fixed Charges
and Preferred Dividend Requirements

																Three Months Ended
	Year Ended December 31															March 31
	____________________________________________															________________
	1996			1997			1998			1999			2000			2000			2001
	_______			_______			_______			_______			_______			_______			_______
	(thousands)
Interest costs	$	128,360		$	137,350		$	159,870		$	146,124		$	152,322		$	36,984		$	34,094
Interest capitalized during the period		17,778			10,575			1,341			238			1,458			125			287
Interest factor related to noncapitalized leases (a)		12,982			11,931			11,308			13,065			13,394			3,033			3,192
	_______			_______			_______			_______			_______			_______			_______
Total fixed charges		159,120			159,856			172,519			159,427			167,174			40,142			37,573
Preferred stock dividend requirements -- pretax		65,207			44,686			19,940			17,129			16,019			8,091			7,634
	_______			_______			_______			_______			_______			_______			_______
Combined fixed charges and preferred    dividend requirements	$	224,327		$	204,542		$	192,459		$	176,556		$	183,193		$	48,233		$	45,207
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Income (loss) before income taxes,    minority interest, and cumulative effect    of accounting change	$	31,340		$	(28,930	)	$	(16,878	)	$	355,940		$	298,331		$	71,846		$	(57,865	)
Undistributed (earnings) losses of less than 50%    owned entities, net of distributions received		(1,290	)		5,180			3,791			(6,115	)		(2,061	)		(2,321	)		1,964
Total fixed charges		159,120			159,856			172,519			159,427			167,174			40,142			37,573
Less interest capitalized		(17,778	)		(10,575	)		(1,341	)		(238	)		(1,458	)		(125	)		(287	)
	_______			_______			_______			_______			_______			_______			_______
Total earnings (losses) before fixed charges	$	171,392		$	125,531		$	158,091		$	509,014		$	461,986		$	109,542		$	(18,615	)
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Ratio of earnings to combined fixed charges and    preferred dividend requirements		-			-			-			2.88			2.52			2.27			-
Excess of combined fixed charges and preferred    dividend requirements over total earnings    before fixed charges	$	52,935		$	79,011		$	34,368		$	-		$	-		$	-		$	63,822

(a) Interest expense for operating leases with terms of one year or longer is based on an imputed interest rate for each lease.