EXHIBIT 12

Computation of Ratio of Earnings to Fixed Charges

Verizon Communications Inc. and Subsidiaries

(Dollars in Millions)	Three Months Ended March 31, 2004
Income before provision for income taxes	$	1,617
Minority interest		477
Equity in earnings of unconsolidated businesses		(199	)
Dividends from unconsolidated businesses		56
Interest expense		638
Portion of rent expense representing interest		112
Amortization of capitalized interest		27
Income, as adjusted	$	2,728
Fixed charges:
Interest expense	$	638
Portion of rent expense representing interest		112
Capitalized interest		35
Preferred stock dividend requirement		2
Fixed charges	$	787
Ratio of earnings to fixed charges		3.47