EXHIBIT 12.01

EASTMAN CHEMICAL COMPANY AND SUBSIDIARIES

Computation of Ratios of Earnings to Fixed Charges

	Third Quarter				First Nine Months
(Dollars in millions)		2006		2005		2006		2005
Earnings before income taxes and cumulative effect of
changes in accounting principles	$	136	$	177	$	472	$	698
Add:
Interest expense		26		25		79		88
Appropriate portion of rental expense (1)		5		5		16		16
Amortization of capitalized interest		3		3		8		9
Earnings as adjusted	$	170	$	210	$	575	$	811
Fixed charges:
Interest expense	$	26	$	25	$	79	$	88
Appropriate portion of rental expense (1)		5		5		16		16
Capitalized interest		--		1		6		5
Total fixed charges	$	31	$	31	$	101	$	109
Ratio of earnings to fixed charges		5.5x		6.8x		5.7x		7.4x

⁽¹⁾   For all periods presented, the interest component of rental expense is estimated to equal one-third of such expense.

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