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 April 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
April 4, 2004
Ball
Corporation

Guarantor
Subsidiaries

Non-Guarantor
Subsidiaries

Eliminating
Adjustments

Consolidated
Total

ASSETS            
Current assets  
  Cash and cash equivalents   $      11.4   $        2.4   $      27.4   $       --   $      41.2  
  Receivables, net   0.9   101.9   270.0   --   372.8  
  Inventories, net   --   439.2   206.3   --   645.5  
  Deferred taxes and prepaid expenses   250.4   181.6   16.7   (359.3 ) 89.4  





    Total current assets   262.7   725.1   520.4   (359.3 ) 1,148.9  





Property, plant and equipment, at cost   34.1   1,866.7   863.9   --   2,764.7  
Accumulated depreciation   (13.7 ) (1,067.9 ) (216.2 ) --   (1,297.8 )





    20.4   798.8   647.7   --   1,466.9  





Investments in subsidiaries   1,865.5   516.8   9.8   (2,392.1 ) --  
Investments in affiliates   4.2   28.9   57.9   --   91.0  
Goodwill, net   --   338.0   962.9   --   1,300.9  
Intangibles and other assets, net   51.8   96.2   97.4   --   245.4  





    Total Assets   $ 2,204.6   $ 2,503.8   $ 2,296.1   $ (2,751. 4) $ 4,253.1  





LIABILITIES AND SHAREHOLDERS' EQUITY  
Current liabilities  
  Short-term debt and current portion  
    of long-term debt   $      51.9   $        6.4   $    150.5   $       --   $    208.8  
  Accounts payable   (31.9 ) 246.3   186.4   --   400.8  
  Accrued employee costs   17.1   80.5   24.6   --   122.2  
  Income taxes payable   --   397.5   45.6   (359.3 ) 83.8  
  Other current liabilities   44.5   38.2   73.8   --   156.5  





    Total current liabilities   81.6   768.9   480.9   (359.3 ) 972.1  
  Long-term debt   1,164.4   22.7   445.3   --   1,632.4  
  Intercompany borrowings   42.7   483.8   172.4   (698.9 ) --  
  Employee benefit obligations   116.5   167.4   416.9   --   700.8  
  Deferred taxes and other liabilities   (23.5 ) 31.8   110.3   --   118.6  





    Total liabilities   1,381.7   1,474.6   1,625.8   (1,058.2 ) 3,423.9  





Contingencies   --   --   --   --   --  
Minority interests   --   --   6.3   --   6.3  





Shareholders' equity:  
  Convertible preferred stock   --   --   179.6   (179.6 ) --  





    Preferred shareholders' equity   --   --   179.6   (179.6 ) --  





  Common stock   576.7   726.0   681.1   (1,407.1 ) 576.7  
  Retained earnings (deficit)   787.3   415.0   (241.9 ) (173.1 ) 787.3  
  Accumulated other comprehensive loss   (16.5 ) (111.8 ) 45.2   66.6   (16.5 )
  Treasury stock, at cost   (524.6 ) --   --   --   (524.6 )





    Common shareholders' equity   822.9   1,029.2   484.4   (1,513.6 ) 822.9  





       Total shareholders' equity   822.9   1,029.2   664.0   (1,693.2 ) 822.9  




    Total Liabilities and Shareholders'  
       Equity   $ 2,204.6   $ 2,503.8   $ 2,296.1   $ (2,751. 4) $ 4,253.1  






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, net   --   339.7   997.2   --   1,336.9  
Other assets   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 April 4, 2004
Ball
Corporation

Guarantor
Subsidiaries

Non-Guarantor
Subsidiaries

Eliminating
Adjustments

Consolidated
Total

Net sales     $ --   $ 947.7   $ 338.6   $ (54.8 ) $ 1,231.5  
Costs and expenses    
  Cost of sales (excluding depreciation    
    and amortization)       --     805.9     261.4     (54.8 )   1,012.5  
  Depreciation and amortization       0.5     33.2     20.1     --     53.8  
  Selling and administrative       10.2     34.4     26.5     --     71.1  
  Interest expense       3.4     13.2     11.7     --     28.3  
  Equity in results of subsidiaries       (46.3 )   --     --     46.3     --  
  Corporate allocations       (15.7 )   14.0     1.7     --     --  





                          (47.9 )   900.7     321.4     (8.5 )   1,165.7  





Earnings (loss) before taxes       47.9     47.0     17.2     (46.3 )   65.8  
Tax provision       (1.1 )   (16.9 )   (3.5 )   --     (21.5 )
Minority interests       --     --     (0.3 )   --     (0.3 )
Equity in results of affiliates       --     0.7     2.1     --     2.8  





Net earnings (loss)     $ 46.8   $ 30.8   $ 15.5   $ (46.3 ) $ 46.8  







CONSOLIDATED STATEMENT OF EARNINGS
For the Three Months Ended March 30, 2003
Ball
Corporation

Guarantor
Subsidiaries

Non-Guarantor
Subsidiaries

Eliminating
Adjustments

Consolidated
Total

Net sales     $ --   $ 842.3   $ 274.8   $ (46.2 ) $ 1,070.9  
Costs and expenses    
  Cost of sales (excluding depreciation    
    and amortization)       --     710.7     221.5     (46.2 )   886.0  
  Depreciation and amortization       0.6     31.8     17.5     --     49.9  
  Business consolidation costs       --     1.9     (0.5 )   --     1.4  
  Selling and administrative       9.4     30.0     17.3     --     56.7  
  Interest expense       13.7     6.3     12.0     --     32.0  
  Equity in results of subsidiaries       (37.6 )   --     --     37.6     --  
  Corporate allocations       (14.4 )   12.9     1.5     --     --  





                          (28.3 )   793.6     269.3     (8.6 )   1,026.0  





Earnings (loss) before taxes       28.3     48.7     5.5     (37.6 )   44.9  
Tax provision       3.2     (17.7 )   (1.2 )   --     (15.7 )
Minority interests       --     --     (0.3 )   --     (0.3 )
Equity in results of affiliates       --     0.3     2.3     --     2.6  





Net earnings (loss)     $ 31.5   $ 31.3   $ 6.3   $ (37.6 ) $ 31.5  






CONSOLIDATED STATEMENT OF CASH FLOWS
For the Three Months Ended April 4, 2004
Ball
Corporation

Guarantor
Subsidiaries

Non-Guarantor
Subsidiaries

Eliminating
Adjustments

Consolidated
Total

Cash flows from operating activities            
  Net earnings (loss)   $   46.8   $ 30.8   $   15.5   $(46.3 ) $   46.8  
  Adjustments to reconcile net earnings  
    to net cash provided by (used in)  
    operating activities:  
    Depreciation and amortization   0.5   33.2   20.1   --   53.8  
    Deferred taxes   6.1   0.6   1.6   --   8.3  
    Equity in results of subsidiaries   (46.3 ) --   --   46.3   --  
    Other   8.0   0.8   3.0   --   11.1  
  Changes in working capital  
    components, excluding effects of   (52.9 ) 6.1   (143.3 ) --   (189.4 )
    acquisitions  





       Net cash provided by (used in)  
         operating activities   (37.8 ) 71.5   (103.1 ) --   (69.4 )





Cash flows from investing activities  
  Additions to property, plant and  
    equipment   (1.0 ) (20.1 ) (13.8 ) --   (34.9 )
  Business acquisition, net of cash acquired   --   (30.0 ) --   --   (30.0 )
  Investments in and advances to  
    affiliates, net of dividends   (85.3 ) (35.2 ) 120.5   --   --  
  Other   (8.7 ) 3.1   (0.2 ) --   (5.8 )





       Net cash provided by (used in)  
         investing activities   (95.0 ) (82.2 ) 106.5   --   (70.7 )





Cash flows from financing activities  
  Long-term borrowings   108.4   13.0   --   --   121.4  
  Repayments of long-term borrowings   --   (0.8 ) (54.4 ) --   (55.2 )
  Change in short-term borrowings   50.0   --   52.1   --   102.1  
  Proceeds from issuance of common  
    stock under various employee and  
    shareholder plans   7.7   --   --   --   7.7  
  Acquisitions of treasury stock   (22.3 ) --   --   --   (22.3 )
  Common dividends   (8.4 ) --   --   --   (8.4 )
  Other   --   --   (0.4 ) --   (0.4 )





       Net cash provided by (used in)  
         financing activities   135.4   12.2   (2.7 ) --   144.9  





Effect of exchange rate changes on cash   --   --   (0.1 ) --   (0.1 )
Net Change in Cash and Cash  
  Equivalents   2.6   1.5   0.6   --   4.7  
Cash and Cash Equivalents -  
  Beginning of Period   8.8   0.9   26.8   --   36.5  





Cash and Cash Equivalents -  
  End of Period   $   11.4   $   2.4   $   27.4   $     --   $   41.2  






CONSOLIDATED STATEMENT OF CASH FLOWS
For the Three Months Ended March 30, 2003
Ball
Corporation

Guarantor
Subsidiaries

Non-Guarantor
Subsidiaries

Eliminating
Adjustments

Consolidated
Total

Cash flows from operating activities                        
  Net earnings (loss)     $ 31.5   $ 31.3   $ 6.3   $ (37.6 ) $ 31.5  
  Adjustments to reconcile net earnings to
        net cash used in operating activities:
 
    Depreciation and amortization       0.6     31.8     17.5     --     49.9  
    Deferred taxes       5.4     1.7     (1.3 )   --     5.8  
    Equity in results of subsidiaries       (37.6 )   --     --     37.6     --  
    Other       1.9     (3.0 )   (1.3 )   --     (2.4 )
  Withholding tax payment related to    
    European acquisition       --     --     (138.3 )   --     (138.3 )
  Other changes in working capital    
    components, excluding effects of       (9.3 )   (175.4 )   (66.3 )   --     (251.0  
    acquisitions    





       Net cash used in operating       (7.5 )   (113.6 )   (183.4 )   --     (304.5 )
         activities    





Cash flows from investing activities    
  Additions to property, plant and    
    equipment       (0.4 )   (26.5 )   (3.4 )   --     (30.3 )
  Business acquisition, net of cash acquired       --     (28.0 )   --     --     (28.0 )
  Investments in and advances to    
    affiliates, net of dividends       (73.3 )   168.4     (95.1 )   --     --  
  Other       (7.7 )   0.8     1.3     --     (5.6 )





       Net cash provided by (used in)    
         investing activities       (81.4 )   114.7     (97.2 )   --     (63.9 )





Cash flows from financing activities    
  Long-term borrowings       44.7     --     116.0     --     160.7  
  Repayments of long-term borrowings       --     --     (16.3 )   --     (16.3 )
  Change in short-term borrowings       6.0     --     11.7     --     17.7  
  Proceeds from issuance of common    
    stock under various employee and    
    shareholder plans       13.5     --     --     --     13.5  
  Acquisitions of treasury stock       (7.3 )   --     --     --     (7.3 )
  Common dividends       (4.9 )   --     --     --     (4.9 )
  Other       (2.8 )   --     1.6     --     (1.2 )





       Net cash provided by financing    
         activities       49.2     --     113.0     --     162.2  





Effect of exchange rate changes on cash       --     --     1.1     --     1.1  
Net Change in Cash and Cash    
  Equivalents       (39.7 )   1.1     (166.5 )   --     (205.1 )
Cash and Cash Equivalents -    
  Beginning of Period       47.6     0.3     211.3     --     259.2  





Cash and Cash Equivalents -    
  End of Period     $ 7.9   $ 1.4   $ 44.8   $ --   $ 54.1