EXHIBIT 12.1

BOISE CASCADE CORPORATION AND SUBSIDIARIES
Ratio of Earnings to Fixed Charges

																Nine Months Ended
	Year Ended December 31															September 30
	____________________________________________															_________________
	1996			1997			1998			1999			2000			2000			2001
	_______			_______			_______			_______			_______			_______			_______
	(thousands)
Interest costs	$	128,360		$	137,350		$	159,870		$	146,124		$	152,322		$	114,627		$	98,797
Guarantee of interest on ESOP debt		17,874			16,341			14,671			12,856			10,880			8,238			6,638
Interest capitalized during the period		17,778			10,575			1,341			238			1,458			743			1,174
Interest factor related to noncapitalized leases (a)		12,982			11,931			11,308			13,065			13,394			8,710			8,598
	_______			_______			_______			_______			_______			_______			_______
Total fixed charges	$	176,994		$	176,197		$	187,190		$	172,283		$	178,054		$	132,318		$	115,207
	=======			=======			=======			=======			=======			=======			=======
Income (loss) before income taxes,    minority interest, and cumulative effect of    accounting change	$	31,340		$	(28,930	)	$	(16,878	)	$	355,940		$	298,331		$	266,580		$	(4,781	)
Undistributed (earnings) losses of less than 50%    owned entities, net of distributions received		(1,290	)		5,180			3,791			(6,115	)		(2,061	)		(3,609	)		5,527
Total fixed charges		176,994			176,197			187,190			172,283			178,054			132,318			115,207
Less:   Interest capitalized		(17,778	)		(10,575	)		(1,341	)		(238	)		(1,458	)		(743	)		(1,174	)
Guarantee of interest on ESOP debt		(17,874	)		(16,341	)		(14,671	)		(12,856	)		(10,880	)		(8,238	)		(6,638	)
	_______			_______			_______			_______			_______			_______			_______
Total earnings before fixed charges	$	171,392		$	125,531		$	158,091		$	509,014		$	461,986		$	386,308		$	108,141
	=======			=======			=======			=======			=======			=======			=======
Ratio of earnings to fixed charges		-			-			-			2.95			2.59			2.92			-
Excess of fixed charges over earnings before     fixed charges	$	5,602		$	50,666		$	29,099		$	-		$	-		$	-		$	7,066

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