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Exhibit 12

NIKE, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

			Year Ended May 31,
			2001		2000		1999		1998		1997
			(in millions)
Net income			$	589.7	$	579.1	$	451.4	$	399.6	$	795.8
Income taxes				331.7		340.1		294.7		253.4		499.4
		Income before income taxes		921.4		919.2		746.1		653.0		1,295.2
Add fixed charges
	Interest expense(A)			67.1		49.8		51.0		66.5		55.1
	Interest component of leases(B)			50.7		48.5		43.2		43.2		28.0
		Total fixed charges		117.8		98.3		94.2		109.7		83.1
Earnings before income taxes and fixed charges(C)			$	1,030.8	$	1,012.7	$	833.4	$	756.2	$	1,375.5
Ratio of earnings to total fixed charges				8.75		10.30		8.85		6.89		16.55

(A)

Interest expense includes interest both expensed and capitalized.

(B)

Interest component of leases includes one-third of rental expense, which approximates the interest component of operating leases.

(C)

Earnings before income taxes and fixed charges is exclusive of capitalized interest.

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NIKE, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES