Exhibit 12

SBC COMMUNICATIONS INC.
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
Dollars in Millions

2002 2001 2000 1999 1998

Income Before Income Taxes, Extraordinary
   Loss and Cumulative Effect of Accounting Changes* $ 8,871 $ 10,223 $ 12,095 $ 10,382 $ 11,859

        Add: Interest Expense 1,382 1,599 1,592 1,430 1,605

                 Dividends on Preferred Securities 10 57 118 118 114

                 1/3 Rental Expense 195 266 252 236 228

Adjusted Earnings $ 10,458 $ 12,145 $ 14,057 $ 12,166 $ 13,806

Total Interest Charges	$	1,440	$	1,718	$	1,693	$	1,511	$	1,691
Dividends on Preferred Securities		10		57		118		118		114
1/3 Rental Expense		195		266		252		236		228

Adjusted Fixed Charges $ 1,645 $ 2,041 $ 2,063 $ 1,865 $ 2,033

Ratio of Earnings to Fixed Charges 6.36 5.95 6.81 6.52 6.79

*Undistributed earnings on investments accounted for under the equity method have been excluded. The 2001 and 2000 results have been restated for our adoption of the fair value recognition provisions of Statement of Financial Accounting Standards No. 123, “Accounting for Stock-Based Compensation” (FAS 123) as amended by Statement of Financial Accounting Standards No. 148, “Accounting for Stock-Based Compensation – Transition and Disclosure” (FAS 148). The years 1999 and 1998 were not restated for our adoption of FAS 148, as allowed by the standard.