EXHIBIT 20.1

         Subsidiary Guarantees of Debt

The company’s Senior Notes, Senior Subordinated Notes and senior credit facilities are guaranteed on a full, unconditional and joint and several basis by certain of the company’s wholly owned domestic subsidiaries. The following is condensed, consolidating financial information for the company, segregating the guarantor subsidiaries and non-guarantor subsidiaries, as of June 29, 2003, and December 31, 2002 (in millions of dollars). The presentation of certain prior-year amounts has been changed in order to conform to the current-year presentation. Separate financial statements for the guarantor subsidiaries and the non-guarantor subsidiaries are not presented because management has determined that such financial statements would not be material to investors.

	CONSOLIDATED BALANCE SHEET
	June 29, 2003
	Ball Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminating Adjustments			Consolidated Total
ASSETS
Current assets
Cash and cash equivalents	$	10.1		$	3.6		$	26.1		$	--		$	39.8
Receivables, net		0.1			121.4			351.2			--			472.7
Inventories, net		--			389.0			200.1			--			589.1
Deferred taxes and prepaid expenses		(28.6	)		419.8			3.0			(334.2	)		60.0
Total current assets		(18.4	)		933.8			580.4			(334.2	)		1,161.6
Property, plant and equipment, at cost		35.0			1,798.4			798.9			--			2,632.3
Accumulated depreciation		(14.9	)		(998.3	)		(163.3	)		--			(1,176.5	)
		20.1			800.1			635.6			--			1,455.8
Investments in subsidiaries		1,697.7			460.4			9.8			(2,167.9	)		--
Investments in affiliates		5.8			21.3			54.5			--			81.6
Goodwill, net		--			338.0			912.6			--			1,250.6
Intangibles and other assets, net		50.2			105.3			124.4			--			279.9
Total Assets	$	1,755.4		$	2,658.9		$	2,317.3		$	(2,502.1	)	$	4,229.5
LIABILITIES AND SHAREHOLDERS'       EQUITY
Current liabilities
Short-term debt and current portion
of long-term debt	$	8.5		$	--		$	138.8		$	--		$	147.3
Accounts payable		13.4			236.8			180.0			--			430.2
Accrued employee costs		21.0			85.8			25.1			--			131.9
Income taxes payable and other
current liabilities		40.2			378.9			146.8			(334.2	)		231.7
Total current liabilities		83.1			701.5			490.7			(334.2	)		941.1
Long-term debt		1,277.6			10.1			612.9			--			1,900.6
Intercompany borrowings		(50.2	)		607.1			142.0			(698.9	)		--
Employee benefit obligations		121.8			171.5			386.4			--			679.7
Deferred taxes and other liabilities		(305.0	)		275.9			103.0			--			73.9
Total liabilities		1,127.3			1,766.1			1,735.0			(1,033.1	)		3,595.3
Contingencies
Minority interests		--			--			6.1			--			6.1
Shareholders' equity:
Convertible preferred stock		--			--			179.6			(179.6	)		--
Preferred shareholders' equity		--			--			179.6			(179.6	)		--
Common stock		528.1			726.0			634.0			(1,360.0	)		528.1
Retained earnings (deficit)		657.8			238.5			(254.1	)		15.6			657.8
Accumulated other comprehensive loss		(76.3	)		(71.7	)		16.7			55.0			(76.3	)
Treasury stock, at cost		(481.5	)		--			--			--			(481.5	)
Common shareholders' equity (deficit)		628.1			892.8			396.6			(1,289.4	)		628.1
Total shareholders' equity		628.1			892.8			576.2			(1,469.0	)		628.1
Total Liabilities and Shareholders'
Equity	$	1,755.4		$	2,658.9		$	2,317.3		$	(2,502.1	)	$	4,229.5

	CONSOLIDATED BALANCE SHEET
	December 31, 2002
	Ball Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminating Adjustments			Consolidated Total
ASSETS
Current assets
Cash and cash equivalents	$	47.6		$	0.3		$	211.3		$	--		$	259.2
Receivables, net		0.8			155.3			189.8			--			345.9
Inventories, net		--			362.1			190.4			--			552.5
Deferred taxes and prepaid expenses		247.3			137.4			1.6			(319.4	)		66.9
Total current assets		295.7			655.1			593.1			(319.4	)		1,224.5
Property, plant and equipment, at cost		33.4			1,749.9			744.0			--			2,527.3
Accumulated depreciation		(15.0	)		(945.2	)		(121.2	)		--			(1,081.4	)
		18.4			804.7			622.8			--			1,445.9
Investments in subsidiaries		1,736.9			380.8			9.8			(2,127.5	)		--
Investments in affiliates		5.8			18.6			53.9			--			78.3
Goodwill, net		--			319.9			828.2			--			1,148.1
Intangibles and other assets, net		38.5			112.1			85.0			--			235.6
Total Assets	$	2,095.3		$	2,291.2		$	2,192.8		$	(2,446.9	)	$	4,132.4

LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Short-term debt and current portion
of long-term debt	$	3.5			--		$	123.5		$	--		$	127.0
Accounts payable		9.9			252.3			177.4			--			439.6
Accrued employee costs		15.5			109.3			22.3			--			147.1
Income taxes payable		--			307.9			65.6			(319.4	)		54.1
Other current liabilities		49.1			35.2			216.8			--			301.1
Total current liabilities		78.0			704.7			605.6			(319.4	)		1,068.9
Long-term debt		1,317.9			10.1			526.0			--			1,854.0
Intercompany borrowings		112.3			390.5			196.1			(698.9	)		--
Employee benefit obligations		121.8			173.8			350.9			--			646.5
Deferred taxes and other liabilities		(27.6	)		(1.3	)		93.4			--			64.5
Total liabilities		1,602.4			1,277.8			1,772.0			(1,018.3	)		3,633.9
Contingencies
Minority interests		--			--			5.6			--			5.6
Shareholders' equity:
Convertible preferred stock		--			--			179.6			(179.6	)		--
Preferred shareholders' equity		--			--			179.6			(179.6	)		--
Common stock		514.5			724.6			563.2			(1,287.8	)		514.5
Retained earnings (deficit)		562.0			364.9			(293.6	)		(71.3	)		562.0
Accumulated other comprehensive loss		(138.3	)		(76.1	)		(34.0	)		110.1			(138.3	)
Treasury stock, at cost		(445.3	)		--			--			--			(445.3	)
Common shareholders' equity		492.9			1,013.4			235.6			(1,249.0	)		492.9
Total shareholders' equity		492.9			1,013.4			415.2			(1,428.6	)		492.9
Total Liabilities and Shareholders'
Equity	$	2,095.3		$	2,291.2		$	2,192.8		$	(2,446.9	)	$	4,132.4

	CONSOLIDATED STATEMENT OF EARNINGS
	For the Three Months Ended June 29, 2003
	Ball Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminating Adjustments			Consolidated Total
Net sales	$	--		$	1,032.2		$	387.5		$	(66.4	)	$	1,353.3
Costs and expenses
Cost of sales (excluding
depreciation and amortization)		--			879.6			292.9			(66.4	)		1,106.1
Depreciation and amortization		0.5			32.8			18.2			--			51.5
Selling and administrative		3.9			33.6			20.0			--			57.5
Interest expense		6.6			14.9			11.9			--			33.4
Equity in results of subsidiaries		(70.4	)		--			--			70.4			--
Corporate allocations		(14.1	)		12.6			1.5			--			--
		(73.5	)		973.5			344.5			4.0			1,248.5
Earnings (loss) before taxes		73.5			58.7			43.0			(70.4	)		104.8
Tax provision		0.8			(21.9	)		(12.4	)		--			(33.5	)
Minority interests		--			--			(0.2	)		--			(0.2	)
Equity in results of affiliates		--			0.4			2.8			--			3.2
Net earnings (loss)	$	74.3		$	37.2		$	33.2		$	(70.4	)	$	74.3

	CONSOLIDATED STATEMENT OF EARNINGS
	For the Three Months Ended June 30, 2002
	Ball Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminating Adjustments			Consolidated Total
Net sales	$	--		$	1,004.1		$	93.2		$	(63.1	)	$	1,034.2
Costs and expenses
Cost of sales (excluding
depreciation and amortization)		--			847.3			78.7			(63.1	)		862.9
Depreciation and amortization		0.5			32.4			4.2			--			37.1
Selling and administrative		5.8			30.1			4.4			--			40.3
Interest expense		13.2			3.3			2.4			--			18.9
Equity in results of subsidiaries		(52.2	)		--			--			52.2			--
Corporate allocations		(13.1	)		13.1			--			--			--
		(45.8	)		926.2			89.7			(10.9	)		959.2
Earnings (loss) before taxes		45.8			77.9			3.5			(52.2	)		75.0
Tax provision		4.2			(29.4	)		(1.1	)		--			(26.3	)
Minority interests		--			--			(0.6	)		--			(0.6	)
Equity in results of affiliates		(0.1	)		0.9			1.0			--			1.8
Earnings (loss)	$	49.9		$	49.4		$	2.8		$	(52.2	)	$	49.9

	CONSOLIDATED STATEMENT OF EARNINGS
	For the Six Months Ended June 29, 2003
	Ball Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminating Adjustments			Consolidated Total
Net sales	$	--		$	1,874.5		$	662.3		$	(112.6	)	$	2,424.2
Costs and expenses
Cost of sales (excluding
depreciation and amortization)		--			1,590.3			517.9			(112.6	)		1,995.6
Depreciation and amortization		1.1			64.6			35.7			--			101.4
Business consolidation costs and other		--			1.9			(0.5	)		--			1.4
Selling and administrative		13.3			63.6			33.8			--			110.7
Interest expense		20.3			21.2			23.9			--			65.4
Equity in net results of subsidiaries		(108.0	)		--			--			108.0			--
Corporate allocations		(28.5	)		25.5			3.0			--			--
		(101.8	)		1,767.1			613.8			(4.6	)		2,274.5
Earnings (loss) before taxes		101.8			107.4			48.5			(108.0	)		149.7
Provision for taxes		4.0			(39.6	)		(13.6	)		--			(49.2	)
Minority interests		--			--			(0.5	)		--			(0.5	)
Equity in net results of affiliates		--			0.7			5.1			--			5.8
Earnings (loss) attributable to common
shareholders	$	105.8		$	68.5		$	39.5		$	(108.0	)	$	105.8

	CONSOLIDATED STATEMENT OF EARNINGS
	For the Six Months Ended June 30, 2002
	Ball Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminating Adjustments			Consolidated Total
Net sales	$	--		$	1,844.7		$	173.8		$	(108.4	)	$	1,910.1
Costs and expenses
Cost of sales (excluding
depreciation and amortization)		--			1,569.7			147.3			(108.4	)		1,608.6
Depreciation and amortization		1.0			63.4			8.4			--			72.8
Selling and administrative		12.9			53.7			9.1			--			75.7
Receivable securitization fees and other		--			2.0			(0.1	)		--			1.9
Interest expense		20.0			12.0			4.3			--			36.3
Equity in net results of subsidiaries		(80.0	)		--			--			80.0			--
Corporate allocations		(25.7	)		25.7			--			--			--
		(71.8	)		1,726.5			169.0			(28.4	)		1,795.3
Earnings (loss) before taxes		71.8			118.2			4.8			(80.0	)		114.8
Provision for taxes		5.8			(44.3	)		(1.7	)		--			(40.2	)
Minority interests		--			--			(0.8	)		--			(0.8	)
Equity in net results of affiliates		(0.2	)		1.4			2.4			--			3.6
Earnings (loss) attributable to common
shareholders	$	77.4		$	75.3		$	4.7		$	(80.0	)	$	77.4

	CONSOLIDATED STATEMENT OF CASH FLOWS
	For the Six Months Ended June 29, 2003
	Ball Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminating Adjustments			Consolidated Total
Cash flows from operating activities
Net earnings (loss)	$	105.8		$	68.5		$	39.8		$	(108.3	)	$	105.8
Noncash charges to net earnings:
Depreciation and amortization		1.1			64.5			35.8			--			101.4
Deferred taxes		9.9			6.2			(0.3	)		--			15.8
Equity in results of subsidiaries		(108.3	)		--			--			108.3			--
Other		0.3			(11.6	)		(2.8	)		--			(14.1	)
Withholding tax payment related to
European acquisition		--			--			(138.3	)		--			(138.3	)
Changes in working capital
components, excluding effects of
acquisitions		(4.2	)		16.7			(212.3	)		--			(199.8	)
Net cash used in operating activities		4.6			144.3			(278.1	)		--			(129.2	)
Cash flows from investing activities
Additions to property, plant and
equipment		(2.7	)		(59.7	)		(9.5	)		--			(71.9	)
Business acquisition		--			(28.0	)		--			--			(28.0	)
Ball Packaging Europe purchase price
adjustment		--			--			27.8			--			27.8
Investments in and advances to
affiliates, net of dividends		40.3			(52.8	)		12.5			--			--
Other		(14.1	)		(0.5	)		5.5			--			(9.1	)
Net cash provided by (used in)
investing activities		23.5			(141.0	)		36.3			--			(81.2	)
Cash flows from financing activities
Long-term borrowings		(35.3	)		--			72.2			--			36.9
Repayments of long-term borrowings		(0.9	)		--			(32.4	)		--			(33.3	)
Change in short-term borrowings		5.0			--			11.5			--			16.5
Proceeds from issuance of common
stock under various employee and
shareholder plans		15.5			--			--			--			15.5
Acquisitions of treasury stock		(39.4	)		--			--			--			(39.4	)
Common dividends		(10.0	)		--			--			--			(10.0	)
Other		(0.5	)		--			--			--			(0.5	)
Net cash provided by (used in)
financing activities		(65.6	)		--			51.3			--			(14.3	)
Effect of exchange rate changes on cash		--			--			5.3			--			5.3
Net Change in Cash and Cash
Equivalents		(37.5	)		3.3			(185.2	)		--			(219.4	)
Cash and Cash Equivalents -
Beginning of Period		47.6			0.3			211.3			--			259.2
Cash and Cash Equivalents -
End of Period	$	10.1		$	3.6		$	26.1			--		$	39.8

	CONSOLIDATED STATEMENT OF CASH FLOWS
	For the Six Months Ended June 30, 2002
	Ball Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminating Adjustments			Consolidated Total
Cash Flows from Operating Activities
Net earnings (loss)	$	77.4		$	75.3		$	4.7		$	(80.0	)	$	77.4
Noncash charges to net earnings:
Depreciation and amortization		1.0			63.4			8.4			--			72.8
Deferred income taxes		0.3			15.6			(0.4	)		--			15.5
Equity in net results of subsidiaries		(79.8	)		(1.4	)		(1.6	)		80.0			(2.8	)
Other, net		11.3			(11.1	)		0.1			--			0.3
Changes in working capital components		(12.2	)		(21.2	)		(1.6	)		--			(35.0	)
Net cash provided by (used in)
operating activities		(2.0	)		120.6			9.6			--			128.2
Cash Flows from Investing Activities
Additions to property, plant and equipment		(0.8	)		(59.5	)		(4.1	)		--			(64.4	)
Investments in and advances to
affiliates, net of dividends		72.5			(56.9	)		(15.6	)		--			--
Miscellaneous investments and other, net		(4.2	)		(4.1	)		(1.8	)		--			(10.1	)
Net cash provided by (used in)
investing activities		67.5			(120.5	)		(21.5	)		--			(74.5	)
Cash Flows from Financing Activities
Repayments of long-term borrowings		(33.5	)		--			--			--			(33.5	)
Change in short-term borrowings		--			--			(2.8	)		--			(2.8	)
Common dividends		(10.2	)		--			--			--			(10.2	)
Proceeds from issuance of common stock under
various employee and shareholder plans		20.1			--			--			--			20.1
Acquisitions of treasury stock		(74.0	)		--			--			--			(74.0	)
Other, net		--			--			0.1			--			0.1
Net cash used in financing activities		(97.6	)		--			(2.7	)		--			(100.3	)
Net Change in Cash and Temporary Investments		(32.1	)		0.1			(14.6	)		--			(46.6	)
Cash and Temporary Investments -
Beginning of Period		52.7			0.4			30.0			--			83.1
Cash and Temporary Investments -
End of Period	$	20.6		$	0.5		$	15.4			--		$	36.5