EXHIBIT 12.2

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

																Six Months Ended
	Year Ended December 31															June 30
	____________________________________________															________________
	1996			1997			1998			1999			2000			2000			2001
	_______			_______			_______			_______			_______			_______			_______
	(thousands)
Interest costs	$	128,360		$	137,350		$	159,870		$	146,124		$	152,322		$	75,017		$	66,928
Interest capitalized during the period		17,778			10,575			1,341			238			1,458			352			651
Interest factor related to noncapitalized leases (a)		12,982			11,931			11,308			13,065			13,394			5,994			6,102
	_______			_______			_______			_______			_______			_______			_______
Total fixed charges		159,120			159,856			172,519			159,427			167,174			81,363			73,681
Preferred stock dividend requirements -- pretax		65,207			44,686			19,940			17,129			16,019			8,021			7,688
	_______			_______			_______			_______			_______			_______			_______
Combined fixed charges and preferred    dividend requirements	$	224,327		$	204,542		$	192,459		$	176,556		$	183,193		$	89,384		$	81,369
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Income (loss) before income taxes,    minority interest, and cumulative effect    of accounting change	$	31,340		$	(28,930	)	$	(16,878	)	$	355,940		$	298,331		$	124,453		$	(23,883	)
Undistributed (earnings) losses of less than 50%    owned entities, net of distributions received		(1,290	)		5,180			3,791			(6,115	)		(2,061	)		(4,036	)		4,023
Total fixed charges		159,120			159,856			172,519			159,427			167,174			81,363			73,681
Less interest capitalized		(17,778	)		(10,575	)		(1,341	)		(238	)		(1,458	)		(352	)		(651	)
	_______			_______			_______			_______			_______			_______			_______
Total earnings before fixed charges	$	171,392		$	125,531		$	158,091		$	509,014		$	461,986		$	201,428		$	53,170
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Ratio of earnings to combined fixed charges and    preferred dividend requirements		-			-			-			2.88			2.52			2.25			-
Excess of combined fixed charges and preferred    dividend requirements over total earnings    before fixed charges	$	52,935		$	79,011		$	34,368		$	-		$	-		$	-		$	28,199

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