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 July 4, 2004, and December 31, 2003 (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
	July 4, 2004
	Ball Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminating Adjustments			Consolidated Total
ASSETS
Current assets
Cash and cash equivalents	$	9.8		$	0.9		$	25.2		$	--		$	35.9
Receivables, net		1.2			125.4			375.9			--			502.5
Inventories, net		--			406.9			201.0			--			607.9
Deferred taxes and prepaid expenses		274.2			176.4			15.0			(388.6	)		77.0
Total current assets		285.2			709.6			617.1			(388.6	)		1,223.3
Property, plant and equipment, at cost		34.6			1,883.5			881.8			--			2,799.9
Accumulated depreciation		(14.0	)		(1,096.6	)		(233.4	)		--			(1,344.0	)
		20.6			786.9			648.4			--			1,455.9
Investments in subsidiaries		1,983.6			515.6			9.8			(2,509.0	)		--
Investments in affiliates		4.2			30.1			60.1			--			94.4
Goodwill		--			339.8			974.6			--			1,314.4
Intangibles and other assets, net		51.5			97.8			97.8			--			247.1
Total Assets	$	2,345.1		$	2,479.8		$	2,407.8		$	(2,897.6	)	$	4,335.1
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Short-term debt and current portion	$	20.4		$	6.4		$	131.0		$	--		$	157.8
of long-term debt
Accounts payable		2.9			275.4			203.7			--			482.0
Accrued employee costs		13.1			109.3			29.6			--			152.0
Income taxes payable		--			423.1			55.1			(388.6	)		89.6
Other current liabilities		33.3			30.7			75.4			--			139.4
Total current liabilities		69.7			844.9			494.8			(388.6	)		1,020.8
Long-term debt		1,115.2			22.7			446.2			--			1,584.1
Intercompany borrowings		159.1			348.1			191.7			(698.9	)		--
Employee benefit obligations		130.5			161.4			419.2			--			711.1
Deferred taxes and other liabilities		(21.3	)		31.8			110.2			--			120.7
Total liabilities		1,453.2			1,408.9			1,662.1			(1,087.5	)		3,436.7
Contingencies		--			--			--			--			--
Minority interests		--			--			6.5			--			6.5
Shareholders' equity:
Convertible preferred stock		--			--			179.6			(179.6	)		--
Preferred shareholders' equity		--			--			179.6			(179.6	)		--
Common stock		580.5			726.0			681.1			(1,407.1	)		580.5
Retained earnings (deficit)		869.7			461.0			(198.8	)		(262.2	)		869.7
Accumulated other comprehensive loss		(7.3	)		(116.1	)		77.3			38.8			(7.3	)
Treasury stock, at cost		(551.0	)		--			--			--			(551.0	)
Common shareholders' equity		891.9			1,070.9			559.6			(1,630.5	)		891.9
Total shareholders' equity		891.9			1,070.9			739.2			(1,810.1	)		891.9
Total Liabilities and Shareholders'	$	2,345.1		$	2,479.8		$	2,407.8		$	(2,897.6	)	$	4,335.1
Equity

	CONSOLIDATED BALANCE SHEET
	December 31, 2003
	Ball Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminating Adjustments			Consolidated Total
ASSETS
Current assets
Cash and cash equivalents	$	8.8		$	0.9		$	26.8		$	--		$	36.5
Accounts receivable, net		1.2			107.4			141.5			--			250.1
Inventories, net		--			363.7			182.5			--			546.2
Deferred taxes and prepaid expenses		(22.2	)		446.2			16.9			(350.2	)		90.7
Total current assets		(12.2	)		918.2			367.7			(350.2	)		923.5
Property, plant and equipment, at cost		36.5			1,836.5			863.9			--			2,736.9
Accumulated depreciation		(16.0	)		(1,048.4	)		(201.4	)		--			(1,265.8	)
		20.5			788.1			662.5			--			1,471.1
Investment in subsidiaries		1,855.8			511.2			8.5			(2,375.5	)		--
Investment in affiliates		4.3			28.6			59.9			--			92.8
Goodwill		--			339.7			997.2			--			1,336.9
Intangibles and other assets, net		37.9			104.1			103.3			--			245.3
	$	1,906.3		$	2,689.9		$	2,199.1		$	(2,725.7	)	$	4,069.6
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities
Short-term debt and current portion
of long-term debt	$	1.9		$	4.5		$	101.2		$	--		$	107.6
Accounts payable		11.1			178.0			160.6			--			349.7
Accrued employee costs		15.7			134.5			30.4			--			180.6
Income taxes payable		--			379.9			45.3			(350.2	)		75.0
Other current liabilities		44.4			26.6			77.2			--			148.2
Total current liabilities		73.1			723.5			414.7			(350.2	)		861.1
Long-term debt		1,056.9			11.5			510.9			--			1,579.3
Intercompany borrowings		147.7			515.0			36.2			(698.9	)		--
Employee benefit obligations		120.6			152.3			428.8			--			701.7
Deferred taxes and other liabilities		(299.8	)		298.3			115.0			--			113.5
Total liabilities		1,098.5			1,700.6			1,505.6			(1,049.1	)		3,255.6
Contingencies
Minority interests		--			--			6.2			--			6.2
Shareholders’ equity
Convertible preferred stock		--			--			179.6			(179.6	)		--
Preferred shareholders’equity		--			--			179.6			(179.6	)		--
Common stock		567.3			726.0			687.6			(1,413.6	)		567.3
Retained earnings (deficit)		748.8			380.4			(263.8	)		(116.6	)		748.8
Accumulated other comprehensive loss		(1.4	)		(117.1	)		83.9			33.2			(1.4	)
Treasury stock, at cost		(506.9	)		--			--			--			(506.9	)
Common shareholders’ equity		807.8			989.3			507.7			(1,497.0	)		807.8
Total shareholders’ equity		807.8			989.3			687.3			(1,676.6	)		807.8
	$	1,906.3		$	2,689.9		$	2,199.1		$	(2,725.7	)	$	4,069.6

	CONSOLIDATED STATEMENT OF EARNINGS
	For the Three Months Ended July 4, 2004
	Ball Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminating Adjustments			Consolidated Total
Net sales	$	--		$	1,115.6		$	413.9		$	(62.3	)	$	1,467.2
Costs and expenses
Cost of sales (excluding
depreciation and amortization)		--			942.7			313.1			(62.3	)		1,193.5
Depreciation and amortization		0.8			32.4			19.0			--			52.2
Selling and administrative		10.3			41.5			15.9			--			67.7
Interest expense		2.7			12.9			9.4			--			25.0
Equity in results of subsidiaries		(89.0	)		--			--			89.0			--
Corporate allocations		(16.0	)		14.2			1.8			--			--
		(91.2	)		1,043.7			359.2			26.7			1,338.4
Earnings (loss) before taxes		91.2			71.9			54.7			(89.0	)		128.8
Tax provision		(0.5	)		(26.9	)		(13.4	)		--			(40.8	)
Minority interests		--			--			(0.2	)		--			(0.2	)
Equity in results of affiliates		--			1.0			1.9			--			2.9
Net earnings (loss)	$	90.7		$	46.0		$	43.0		$	(89.0	)	$	90.7

	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		--			879.6			289.9			(66.4	)		1,103.1
and amortization)
Depreciation and amortization		0.5			32.8			18.2			--			51.5
Selling and administrative		3.9			33.6			23.0			--			60.5
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 Six Months Ended July 4, 2004
	Ball Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminating Adjustments			Consolidated Total
Net sales	$	--		$	2,063.3		$	752.5		$	(117.1	)	$	2,698.7
Costs and expenses
Cost of sales (excluding depreciation		--			1,748.6			574.5			(117.1	)		2,206.0
and amortization)
Depreciation and amortization		1.3			65.6			39.1			--			106.0
Selling and administrative		20.5			75.9			42.4			--			138.8
Interest expense		6.1			26.1			21.1			--			53.3
Equity in results of subsidiaries		(135.3	)		--			--			135.3			--
Corporate allocations		(31.7	)		28.2			3.5			--			--
		(139.1	)		1,944.4			680.6			18.2			2,504.1
Earnings (loss) before taxes		139.1			118.9			71.9			(135.3	)		194.6
Tax provision		(1.6	)		(43.8	)		(16.9	)		--			(62.3	)
Minority interests		--			--			(0.5	)		--			(0.5	)
Equity in results of affiliates		--			1.7			4.0			--			5.7
Net earnings (loss)	$	137.5		$	76.8		$	58.5		$	(135.3	)	$	137.5

	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			511.4			(112.6	)		1,989.1
Depreciation and amortization		1.1			64.6			35.7			--			101.4
Business consolidation (gains) costs		--			1.9			(0.5	)		--			1.4
Selling and administrative		13.3			63.6			40.3			--			117.2
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
Tax provision		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 CASH FLOWS
	For the Six Months Ended July 4, 2004
	Ball Corporation			Guarantor Subsidiaries			Non-Guarantor Subsidiaries			Eliminating Adjustments			Consolidated Total
Cash flows from operating activities
Net earnings (loss)	$	137.5		$	76.8		$	58.5		$	(135.	3)	$	137.5
Adjustments to reconcile net earnings to net
cash provided by (used in) operating activities:
Depreciation and amortization		1.3			65.6			39.1			--			106.0
Deferred taxes		12.3			4.1			0.6			--			17.0
Equity in results of subsidiaries		(135.3	)		--			--			135.3			--
Other, net		19.2			(14.0	)		(2.0	)		--			3.2
Changes in working capital		(26.1	)		68.1			(205.2	)		--			(163.2	)
components, excluding effects of
acquisitions
Net cash provided by (used in)		8.9			200.6			(109.0	)		--			100.5
operating activities
Cash flows from investing activities
Additions to property, plant and		(2.2	)		(41.7	)		(23.5	)		--			(67.4	)
equipment
Business acquisition, net of cash		--			(30.0	)		--			--			(30.0	)
acquired
Investments in and advances to		(14.3	)		(145.2	)		159.5			--			--
affiliates, net of dividends
Other, net		(10.1	)		3.9			(0.2	)		--			(6.4	)
Net cash provided by (used in)		(26.6	)		(213.0	)		135.8			--			(103.8	)
investing activities
Cash flows from financing activities
Long-term borrowings		60.0			13.0			10.6			--			83.6
Repayments of long-term borrowings		(0.9	)		(0.6	)		(68.9	)		--			(70.4	)
Change in short-term borrowings		18.5			--			30.2			--			48.7
Proceeds from issuance of common		16.8			--			--			--			16.8
stock under various employee and
shareholder plans
Acquisitions of treasury stock		(58.9	)		--			--			--			(58.9	)
Common dividends		(16.7	)		--			--			--			(16.7	)
Other, net		(0.1	)		--			(0.4	)		--			(0.5	)
Net cash provided by (used in)		18.7			12.4			(28.5	)		--			2.6
financing activities
Effect of exchange rate changes on cash		--			--			0.1			--			0.1
Net Change in Cash and Cash		1.0			--			(1.6	)		--			(0.6	)
Equivalents
Cash and Cash Equivalents -		8.8			0.9			26.8			--			36.5
Beginning of Period
Cash and Cash Equivalents -	$	9.8		$	0.9		$	25.2		$	--		$	35.9
End of Period

	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
Adjustments to reconcile net earnings to net cash       provided by (used in) operating activities:
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, net		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		(4.2	)		16.7			(212.3	)		--			(199.8	)
acquisitions
Net cash provided by (used in) operating		4.6			144.3			(278.1	)		--			(129.2	)
activities
Cash flows from investing activities
Additions to property, plant and		(2.7	)		(59.7	)		(9.5	)		--			(71.9	)
equipment
Business acquisition, net of cash acquired		--			(28.0	)		--			--			(28.0	)
Ball Packaging Europe purchase price
adjustment		--			--			27.8			--			27.8
Investments in and advances to		40.3			(52.8	)		12.5			--			--
affiliates, net of dividends
Other, net		(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		15.5			--			--			--			15.5
stock under various employee and
shareholder plans
Acquisitions of treasury stock		(39.4	)		--			--			--			(39.4	)
Common dividends		(10.0	)		--			--			--			(10.0	)
Other, net		(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