EXHIBIT 12.1

BOISE CASCADE CORPORATION AND SUBSIDIARIES
Ratio of Earnings to Fixed Charges

	Year Ended December 31
	______________________________________________
	2000			1999			1998			1997			1996
	________			________			________			________			________
	(thousands, except ratios)
Interest costs	$	152,322		$	146,124		$	159,870		$	137,350		$	128,360
Guarantee of interest on ESOP debt		10,880			12,856			14,671			16,341			17,874
Interest capitalized during the period		1,458			238			1,341			10,575			17,778
Interest factor related to noncapitalized leases (a)		13,394			13,065			11,308			11,931			12,982
	________			________			________			________			________
Total fixed charges	$	178,054		$	172,283		$	187,190		$	176,197		$	176,994
	========			========			========			========			========
Income (loss) before income taxes,    minority interest, and cumulative effect of    accounting change	$	298,331		$	355,940		$	(16,878	)	$	(28,930	)	$	31,340
Undistributed (earnings) losses of less than 50%    owned entities, net of distributions received		(2,061	)		(6,115	)		3,791			5,180			(1,290	)
Total fixed charges		178,054			172,283			187,190			176,197			176,994
Less:   Interest capitalized		(1,458	)		(238	)		(1,341	)		(10,575	)		(17,778	)
Guarantee of interest on ESOP debt		(10,880	)		(12,856	)		(14,671	)		(16,341	)		(17,874	)
	________			________			________			________			________
Total earnings before fixed charges	$	461,986		$	509,014		$	158,091		$	125,531		$	171,392
	========			========			========			========			========
Ratio of earnings to fixed charges		2.59			2.95			-			-			-
Excess of fixed charges over earnings before    fixed charges	$	-		$	-		$	29,099		$	50,666		$	5,602

(a) Interest expense for operating leases with terms of one year or longer is based on an imputed interest rate for each lease.