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EXHIBIT 12


BellSouth Corporation
Computation Of Earnings To Fixed Charges
(Dollars In Millions)

 
  For the years ended December 31,
 
 
  1996
  1997
  1998
  1999
  2000
 
1. Earnings                                
  (a) Income from continuing operations before deductions for taxes and interest   $ 5,329   $ 6,182   $ 6,588   $ 6,518   $ 7,926  
  (b) Portion of rental expense representative of interest factor     90     91     81     99     105  
  (c) Equity in losses from less-than-50% owned investments (accounted for under the equity method of accounting)     68     78     97     396     142  
  (d) Excess of earnings over distributions of less-than-50%-owned investments (accounted for under the equity method of accounting)     (53 )   (85 )   (46 )   (87 )   (707 )
   
 
 
 
 
 
      TOTAL   $ 5,434   $ 6,266   $ 6,720   $ 6,926   $ 7,466  
   
 
 
 
 
 
2. Fixed Charges                                
  (a) Interest   $ 739   $ 783   $ 867   $ 1,059   $ 1,361  
  (b) Portion of rental expense representative of interest factor     90     91     81     99     105  
   
 
 
 
 
 
      TOTAL   $ 829   $ 874   $ 948   $ 1,158   $ 1,466  
   
 
 
 
 
 
  Ratio (1 divided by 2)     6.55     7.17     7.09     5.98     5.09  
   
 
 
 
 
 



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BellSouth Corporation Computation Of Earnings To Fixed Charges (Dollars In Millions)