EXHIBIT 12.2

BOISE CASCADE CORPORATION AND SUBSIDIARIES
Ratio of Earnings to Combined Fixed Charges
and Preferred Dividend Requirements

	Year Ended December 31
	_____________________________________________
		2000			1999			1998			1997			1996
	________			________			________			________			________
	(thousands, except ratios)
Interest costs	$	152,322		$	146,124		$	159,870		$	137,350		$	128,360
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		167,174			159,427			172,519			159,856			159,120
Preferred stock dividend requirements -- pretax		16,019			17,129			19,940			44,686			65,207
	________			________			________			________			________
Combined fixed charges and preferred    dividend requirements	$	183,193		$	176,556		$	192,459		$	204,542		$	224,327
	========			========			========			========			========
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		167,174			159,427			172,519			159,856			159,120
Less interest capitalized		(1,458	)		(238	)		(1,341	)		(10,575	)		(17,778	)
	________			________			________			________			________
Total earnings before fixed charges	$	461,986		$	509,014		$	158,091		$	125,531		$	171,392
	========			========			========			========			========
Ratio of earnings to combined fixed charges and    preferred dividend requirements		2.52			2.88			-			-			-
Excess of combined fixed charges and preferred    dividend requirements over total earnings    before fixed charges	$	-		$	-		$	34,368		$	79,011		$	52,935

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