EXHIBIT 12

Weyerhaeuser Company and Subsidiaries
Computation of Ratios of Earnings to Fixed Charges
(Dollar amounts in thousands)

				Thirty-nine weeks ended
				Sept. 28,		Sept. 29,
				2003		2002
Available earnings:
	Earnings before interest expense, amortization of debt expense, income taxes and cumulative effect of a change in accounting principle			$	943,124	$	790,500
	Add interest portion of rental expense				44,171		40,509
Available earnings before cumulative effect of a change in accounting principle				$	987,295	$	831,009
Fixed charges:
	Interest expense incurred:
		Weyerhaeuser Company and subsidiaries excluding
			Weyerhaeuser Real Estate Company and other related subsidiaries	$	601,833	$	557,547
		Weyerhaeuser Real Estate Company and other related subsidiaries			39,978		38,693
			Subtotal		641,811		596,240
		Less intercompany interest			34		(712	)
	Total interest expense incurred				641,845		595,528
	Amortization of debt expense				10,783		56,271
	Rental expense:
		Weyerhaeuser Company and subsidiaries excluding
			Weyerhaeuser Real Estate Company and other related subsidiaries		123,211		113,756
		Weyerhaeuser Real Estate Company and other related subsidiaries			9,302		7,771
					132,513		121,527
	Interest portion of rental expense				44,171		40,509
Total fixed charges				$	696,799	$	692,308
Ratio of earnings to fixed charges					1.42		1.20

Weyerhaeuser Company with its Weyerhaeuser Real Estate Company and Other Related Subsidiaries
Accounted for on the Equity Method, but Excluding the Undistributed Earnings of Those Subsidiaries
Computation of Ratios of Earnings to Fixed Charges
(Dollar amounts in thousands)

				Thirty-nine weeks ended
				Sept. 28,			Sept. 29,
				2003			2002
Available earnings:
	Earnings before interest expense, amortization of debt expense, income taxes and cumulative effect of a change in accounting principle			$	896,399		$	754,788
	Add interest portion of rental expense				41,070			37,919
					937,469			792,707
	Deduct undistributed earnings of equity affiliates				(6,963	)		(8,519	)
	Deduct undistributed earnings before income taxes of Weyerhaeuser Real Estate Company and other related subsidiaries:
		Deduct pretax earnings			(283,113	)		(254,835	)
		Add back dividends paid to Weyerhaeuser			—			75,000
			Undistributed earnings		(283,113	)		(179,835	)
Available earnings before cumulative effect of a change in accounting principle				$	647,393		$	604,353
Fixed charges:
	Interest expense incurred			$	601,833		$	557,547
	Amortization of debt expense				10,783			56,271
	Interest portion of rental expense				41,070			37,919
Total fixed charges				$	653,686		$	651,737
Ratio of earnings to fixed charges					0.991			0.931

¹ Fixed charges exceeded available earnings before the cumulative effect of a change in accounting principle of Weyerhaeuser Company with its Weyerhaeuser Real Estate Company and other related subsidiaries accounted for on the equity method, but excluding the undistributed earnings of those subsidiaries by approximately $6 million for the thirty-nine weeks ended September 28, 2003, and approximately $47 million for the thirty-nine weeks ended September 29, 2002.