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
	____________________________________________															_________________
	1997			1998			1999			2000			2001			2001			2002
	_______			_______			_______			_______			_______			_______			_______
	(thousands)
Interest costs	$	137,350		$	159,870		$	146,124		$	152,322		$	128,970		$	66,928		$	60,990
Interest capitalized during the period		10,575			1,341			238			1,458			1,945			651			2,413
Interest factor related to noncapitalized leases (a)		11,931			11,308			13,065			13,394			11,729			6,102			5,670
Adjustable conversion-rate equity security unit    distributions		-			-			-			-			947			-			6,568
	_______			_______			_______			_______			_______			_______			_______
Total fixed charges		159,856			172,519			159,427			167,174			143,591			73,681			75,641
Preferred stock dividend requirements - pretax		44,686			19,940			17,129			16,019			15,180			7,688			7,357
	_______			_______			_______			_______			_______			_______			_______
Combined fixed charges and preferred
dividend requirements	$	204,542		$	192,459		$	176,556		$	183,193		$	158,771		$	81,369		$	82,998
	=======			=======			=======			=======			=======			=======			=======
Income (loss) before income taxes,    minority interest, and cumulative effect of    accounting change	$	(28,930	)	$	(16,878	)	$	355,940		$	298,331		$	(47,611	)	$	(23,883	)	$	(29,030	)
Undistributed (earnings) losses of less than 50%-    owned entities, net of distributions received		5,180			3,791			(6,115	)		(2,061	)		8,039			4,023			2,055
Total fixed charges		159,856			172,519			159,427			167,174			143,591			73,681			75,641
Less interest capitalized		(10,575	)		(1,341	)		(238	)		(1,458	)		(1,945	)		(651	)		(2,413	)
	_______			_______			_______			_______			_______			_______			_______
Total earnings before fixed charges	$	125,531		$	158,091		$	509,014		$	461,986		$	102,074		$	53,170		$	46,253
	=======			=======			=======			=======			=======			=======			=======
Ratio of earnings to combined fixed charges and    preferred dividend requirements		-			-			2.88			2.52			-			-			-
Excess of combined fixed charges and preferred    dividend requirements over total earnings before    fixed charges	$	79,011		$	34,368		$	-		$	-		$	56,697		$	28,199		$	36,745

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