EXHIBIT 12.1

ONEOK, Inc.

Computation of Ratio of Earnings to Fixed Charges

	Years Ended
	December 31,
(Unaudited)	2002			2001
	(Thousands of Dollars)
Fixed Charges, as defined
Interest on long-term debt	$	87,933		$	109,229
Other interest		10,523			27,454
Amortization of debt discount and expense		7,949			3,475
Interest on lease agreements		8,878			5,698
Total Fixed Charges		115,283			145,856
Earnings before income taxes and undistributed income from equity investees		258,095			108,218
Earnings available for fixed charges	$	373,378		$	254,074
Ratio of earnings to fixed charges		3.24	x		1.74	x

For purposes of computing the ratio of earnings to fixed charges, “earnings” consists of income before cumulative effect of a change in accounting principle plus fixed charges and income taxes, less undistributed income for equity investees. “Fixed charges” consists of interest charges, the amortization of debt discounts and issue costs and the representative interest portion of operating leases.