Exhibit 12

UNITED TECHNOLOGIES CORPORATION
            AND SUBSIDIARIES

STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

			Quarter Ended
			March 31,
In Millions of Dollars			2002		2001
Fixed Charges:
	Interest expense	$	99	$	107
	Interest capitalized		4		6
	One-third of rents*		16		16
	Total Fixed Charges	$	119	$	129
Earnings:
	Income before income taxes and minority interests	$	698	$	670
	Fixed charges per above		119		129
	Less: interest capitalized		(4)		(6)
			115		123
	Amortization of interest capitalized		1		5
	Total Earnings	$	814	$	798
Ratio of Earnings to Fixed Charges			6.84		6.19

* Reasonable approximation of the interest factor.