Exhibit 12.1

PLUM CREEK TIMBER COMPANY, INC.
RATIO OF EARNINGS TO FIXED CHARGES

			Years Ended December 31,
(In Millions)	3 Months Ended March 31, 2006		2005		2004		2003		2002		2001
Consolidated pretax income from
continuing operations	$	96	$	339	$	366	$	186	$	235	$	196
Amortization of capitalized
interest		--		--		--		--		--		--
Interest		33		112		111		118		105		76
Less interest capitalized during
the period		--		--		--		--		--		--
Net amortization of debt
discount and premium and
issuance expense		1		6		7		8		8		2
Interest portion of rental
expense		1		1		1		1		1		--
Earnings	$	131	$	458	$	485	$	313	$	349	$	274
Interest	$	33	$	112	$	111	$	118	$	105	$	76
Net amortization of debt
discount and premium and
issuance expense		1		6		7		8		8		2
Interest portion of rental
expense		1		1		1		1		1		--
Fixed Charges	$	35	$	119	$	119	$	127	$	114	$	78
Ratio of Earnings to Fixed
Charges		3.7		3.8		4.1		2.5		3.1		3.5