EXHIBIT 11

BOISE CASCADE CORPORATION
Computation of Per Share Earnings

		Year Ended December 31
		____________________________________________________
			2000			1999			1998
		___________			___________			___________
		(thousands, except per-share amounts)
Net income (loss) as reported, before cumulative effect of accounting change		$	178,574		$	199,753		$	(25,692	)
Preferred dividends			(13,095	)		(13,559	)		(15,578	)
Excess of Series F Preferred Stock redemption price over carrying value			-			-			(3,958	)
		_________			_________			_________
Basic income (loss) before cumulative effect of accounting change			165,479			186,194			(45,228	)
Cumulative effect of accounting change			-			-			(8,590	)
		_________			_________			_________
Basic income (loss)		$	165,479		$	186,194		$	(53,818	)
		=========			=========			=========
Average shares outstanding used to determine basic income (loss) per common share			57,288			56,861			56,307
		=========			=========			=========
Net income (loss) per common share
Basic income (loss) before cumulative affect of accounting change		$	2.89		$	3.27		$	(.81	)
Cumulative affect of accounting change			-			-			(.15	)
		_________			_________			_________
Basic income (loss) per common share (a)		$	2.89		$	3.27		$	(.96	)
		=========			=========			=========
Basic income (loss) before cumulative effect of accounting change		$	165,479		$	186,194		$	(45,228	)
Preferred dividends eliminated			13,095			13,559			14,133
Supplemental ESOP contribution			(11,192	)		(11,588	)		(12,079	)
		_________			_________			_________
Diluted income (loss) before cumulative effect of accounting change			167,382			188,165			(43,174	)
Cumulative effect of accounting change			-			-			(8,590	)
		_________			_________			_________
Diluted income (loss)		$	167,382		$	188,165		$	(51,764	)
		=========			=========			=========
Average shares outstanding used to determine basic income (loss) per common share			57,288			56,861			56,307
Stock options and other			253			419			204
Series D Convertible Preferred Stock			3,872			4,139			4,396
		_________			_________			_________
Average shares used to determine diluted income (loss) per common share			61,413			61,419			60,907
		=========			=========			=========
Diluted income (loss) before cumulative effect of accounting change		$	2.73		$	3.06		$	(.71	)
Cumulative affect of accounting change			-			-			(.14	)
		_________			_________			_________
Diluted income (loss) per common share (a)		$	2.73		$	3.06		$	(.85	)
		=========			=========			=========
(a)	Because the computation of diluted loss per common share was antidilutive, diluted loss per common share reported for the year ended December 31, 1998, was the same as basic loss per common share.