Exhibit 12

Computation of Earnings to Fixed Charges
CSX Corporation
Ratio of Earnings to Fixed Charges
(Millions of Dollars)

	FOR THE FISCAL YEARS ENDED
	Dec. 31, 2004				Dec. 26, 2003				DEC. 27, 2002				DEC. 28, 2001				DEC. 29, 2000
Earnings:
Earnings before Income Taxes	$	637			$	195			$	652			$	374			$	194
Interest Expense		435				418				445				518				543
Amortization of debt discount		9				4				4				—				—
Interest Portion of Fixed Rent		46				62				77				88				109
Undistributed earnings of unconsolidated subsidiaries		(139	)			(32	)			(38	)			(8	)			(26	)
Earnings, as Adjusted	$	988			$	647			$	1,140			$	972			$	820
Fixed Charges:
Interest Expense	$	435			$	418			$	445			$	518			$	543
Capitalized Interest		3				3				3				7				6
Amortization of Debt Discount		9				4				4				—				—
Interest Portion of Fixed Rent		46				62				77				88				109
Fixed Charges	$	493			$	487			$	529			$	613			$	658
Ratio of Earnings to Fixed Charges		2.0		x		1.3		x		2.2		x		1.6		x		1.2		x