Exhibit 12

H.B. FULLER COMPANY

Computations of Ratios of Earnings to Fixed Charges and

Ratios of Earnings to Fixed Charges and Preferred Stock Dividends

(Thousands of Dollars)

	Three Months Ended February 26, 2005		Fiscal Year
			2004		2003		2002		2001		2000
Ratio of Earnings to Fixed Charges:
Earnings:
Income before income taxes, minority interests, equity investments and accounting change	$	8,500	$	48,298	$	50,808	$	40,312	$	61,302	$	74,770
Add:
Interest expense		3,541		14,650		15,500		18,389		22,379		24,918
Interest portion of rental expense		340		1,361		1,412		1,702		1,326		1,252
Distributed earnings of 20-50% owned companies		284		365		469		—		1,240		734
Total Earnings Available for Fixed Charges	$	12,665	$	64,674	$	68,189	$	60,403	$	86,247	$	101,674
Fixed charges:
Interest on debt	$	3,454	$	14,490	$	14,683	$	17,559	$	21,678	$	24,296
Interest portion of rental expense		340		1,361		1,412		1,702		1,326		1,252
Total fixed charges	$	3,794	$	15,851	$	16,095	$	19,261	$	23,004	$	25,548
Ratio of earnings to fixed charges		3.3		4.1		4.2		3.1		3.7		4.0
Ratio of Earnings to Fixed Charges and Preferred Stock Dividends:
Total fixed charges, as above	$	3,794	$	15,851	$	16,095	$	19,261	$	23,004	$	25,548
Dividends on preferred stock (pre-tax basis)		—		—		—		11		23		24
Total fixed charges and preferred stock dividends	$	3,794	$	15,851	$	16,095	$	19,272	$	23,027	$	25,572
Earnings available for fixed charges and preferred stock dividends	$	12,665	$	64,674	$	68,189	$	60,403	$	86,247	$	101,674
Ratio of earnings to fixed charges and preferred stock dividends		3.3		4.1		4.2		3.1		3.7		4.0