EXHIBIT 12

CATERPILLAR FINANCIAL SERVICES CORPORATION

COMPUTATION OF RATIO OF PROFIT TO FIXED CHARGES

(Unaudited)

(Dollars in Millions)

	Three Months Ended					Six Months Ended
	June 30,		June 30,			June 30,		June 30,
	2009		2008			2009		2008
Profit	$	89	$	130		$	140	$	254
Add:
Provision for income taxes		29		46			45		105
Deduct:
Partnership income		-		(1	)		-		(3	)
Profit before income taxes and partnership income	$	118	$	175		$	185	$	356
Fixed charges:
Interest expense	$	272	$	278		$	554	$	563
Rentals at computed interest*		2		1			3		3
Total fixed charges	$	274	$	279		$	557	$	566
Profit before income taxes plus fixed charges	$	392	$	454		$	742	$	922
Ratio of profit before income taxes plus   fixed charges to fixed charges		1.43		1.63			1.33		1.63

*Those portions of rent expense that are representative of interest cost.