Exhibit (12)(a)

WACHOVIA CORPORATION AND SUBSIDIARIES
COMPUTATIONS OF CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES

					Nine
					Months			Years Ended December 31,
					Ended
					September 30,
(In millions)					2002			2001		2000		1999		1998		1997
EXCLUDING INTEREST ON DEPOSITS
	Pretax income from continuing operations				$	3,569			2,293		632		4,831		3,965		3,793
	Fixed charges, excluding capitalized interest					1,882			3,734		4,963		3,751		3,504		2,526
		Earnings	(A	)	$	5,451			6,027		5,595		8,582		7,469		6,319
Interest, excluding interest on deposits					$	1,758			3,581		4,828		3,645		3,395		2,420
One-third of rents						124			153		135		106		109		106
Capitalized interest						—			—		—		—		—		—
		Fixed charges	(B	)	$	1,882			3,734		4,963		3,751		3,504		2,526
Consolidated ratios of earnings to fixed charges, excluding interest on deposits			(A)/	(B)		2.90	X		1.61		1.13		2.29		2.13		2.50
INCLUDING INTEREST ON DEPOSITS
	Pretax income from continuing operations				$	3,569			2,293		632		4,831		3,965		3,793
	Fixed charges, excluding capitalized interest					4,480			8,478		10,232		7,805		7,820		6,674
		Earnings	(C	)	$	8,049			10,771		10,864		12,636		11,785		10,467
Interest, including interest on deposits					$	4,356			8,325		10,097		7,699		7,711		6,568
One-third of rents						124			153		135		106		109		106
Capitalized interest						—			—		—		—		—		—
		Fixed charges	(D	)	$	4,480			8,478		10,232		7,805		7,820		6,674
Consolidated ratios of earnings to fixed charges, including interest on deposits			(C)/	(D)		1.80	X		1.27		1.06		1.62		1.51		1.57