Exhibit 20

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 3, 2005, and December 31, 2004 (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 3, 2005
Ball
Corporation

Guarantor
Subsidiaries

Non-Guarantor
Subsidiaries

Eliminating
Adjustments

Consolidated
Total

ASSETS                        
Current assets    
  Cash and cash equivalents     $ 7.0   $ 0.9   $ 67.8   $ –   $ 75.7  
  Receivables, net       (0.1 )   120.4     422.7     –     543.0  
  Inventories, net       –     447.6     210.0     –     657.6  
  Deferred taxes, prepaids and other
    current assets
      357.4     161.5     18.6     (449.0 )   88.5  





    Total current assets       364.3     730.4     719.1     (449.0 )   1,364.8  





Property, plant and equipment, at cost       41.7     1,997.5     971.9     –     3,011.1  
Accumulated depreciation       (15.6 )   (1,192.4 )   (298.6 )   –     (1,506.6 )





                          26.1     805.1     673.3     –     1,504.5  





Investments in subsidiaries       2,037.6     679.6     9.8     (2,727.0 )   –  
Investments in affiliates       2.9     17.6     43.3     –     63.8  
Goodwill       –     340.0     947.9     –     1,287.9  
Intangibles and other assets, net       84.0     55.5     69.5     –     209.0  





    Total Assets     $ 2,514.9   $ 2,628.2   $ 2,462.9   $ (3,176.0 ) $ 4,430.0  





LIABILITIES AND
    SHAREHOLDERS’ EQUITY
   
Current liabilities    
  Short-term debt and current portion    
    of long-term debt     $ 37.0   $ 3.3   $ 125.1   $ –   $ 165.4  
  Accounts payable       80.0     254.0     215.4     –     549.4  
  Accrued employee costs       11.4     108.6     27.7     –     147.7  
  Income taxes payable       –     482.1     72.8     (449.0 )   105.9  
  Other current liabilities       32.4     30.7     51.1     –     114.2  





    Total current liabilities       160.8     878.7     492.1     (449.0 )   1,082.6  
  Long-term debt       1,184.5     20.8     382.7     –     1,588.0  
  Intercompany borrowings       87.4     361.9     249.6     (698.9 )   –  
  Employee benefit obligations       145.7     185.4     387.7     –     718.8  
  Deferred taxes and other liabilities       (16.2 )   4.3     94.2     –     82.3  





    Total liabilities       1,562.2     1,451.1     1,606.3     (1,147.9 )   3,471.7  





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       618.2     726.0     681.0     (1,407.0 )   618.2  
  Retained earnings (deficit)       1,123.3     601.1     (73.0 )   (528.1 )   1,123.3  
  Accumulated other comprehensive    
    earnings (loss)       (54.3 )   (150.0 )   63.4     86.6     (54.3 )
  Treasury stock, at cost       (734.5 )   –     –     –     (734.5 )





    Common shareholders’ equity       952.7     1,177.1     671.4     (1,848.5 )   952.7  





       Total shareholders’ equity       952.7     1,177.1     851.0     (2,028.1 )   952.7  





    Total Liabilities and Shareholders’    
      Equity     $ 2,514.9   $ 2,628.2   $ 2,462.9   $ (3,176.0 ) $ 4,430.0  






CONSOLIDATED BALANCE SHEET
December 31, 2004
Ball
Corporation

Guarantor
Subsidiaries

Non-Guarantor
Subsidiaries

Eliminating
Adjustments

Consolidated
Total

ASSETS                        
Current assets    
  Cash and cash equivalents     $ 113.8   $ 0.6   $ 84.3   $ –   $ 198.7  
  Receivables, net       0.5     87.0     259.3     –     346.8  
  Inventories, net       –     402.8     226.7     –     629.5  
  Deferred taxes and prepaid expenses       323.2     167.6     17.8     (438.0 )   70.6  





    Total current assets       437.5     658.0     588.1     (438.0 )   1,245.6  





Property, plant and equipment, at cost       39.3     1,932.4     1,002.8     –     2,974.5  
Accumulated depreciation       (14.2 )   (1,140.2 )   (287.7 )   –     (1,442.1 )





                          25.1     792.2     715.1     –     1,532.4  





Investment in subsidiaries       1,995.9     680.1     9.8     (2,685.8 )   –  
Investment in affiliates       2.8     32.9     47.4     –     83.1  
Goodwill       –     338.1     1,071.9     –     1,410.0  
Intangibles and other assets, net       74.6     53.8     78.2     –     206.6  





                        $ 2,535.9   $ 2,555.1   $ 2,510.5   $ (3,123.8 ) $ 4,477.7  





LIABILITIES AND
    SHAREHOLDERS’ EQUITY
   
Current liabilities    
  Short-term debt and current portion
    of long-term debt
    $ 9.8   $ 3.3   $ 109.9   $ –   $ 123.0  
  Accounts payable       55.2     218.5     179.3     –     453.0  
  Accrued employee costs       15.6     168.7     37.9     –     222.2  
  Income taxes payable       –     450.9     67.7     (438.2 )   80.4  
  Other current liabilities       31.9     30.3     55.5     –     117.7  





    Total current liabilities       112.5     871.7     450.3     (438.2 )   996.3  
Long-term debt       1,045.2     22.7     469.8     –     1,537.7  
Intercompany borrowings       165.8     382.6     150.5     (698.9 )   –  
Employee benefit obligations       144.1     150.8     439.4     –     734.3  
Deferred taxes and other liabilities       (18.3 )   21.1     113.6     –     116.4  





    Total liabilities       1,449.3     1,448.9     1,623.6     (1,137.1 )   3,384.7  





Contingencies    
Minority interests       –     –     6.4     –     6.4  





Shareholders’ equity    
  Convertible preferred stock       –     –     179.6     (179.6 )   –  





    Preferred shareholders’ equity       –     –     179.6     (179.6 )   –  





  Common stock       610.8     726.0     681.1     (1,407.1 )   610.8  
  Retained earnings       1,007.5     524.2     (124.2 )   (400.0 )   1,007.5  
  Accumulated other comprehensive
    earnings (loss)
      33.2     (144.0 )   144.0     –     33.2  
  Treasury stock, at cost       (564.9 )   –     –     –     (564.9 )





    Common shareholders’ equity       1,086.6     1,106.2     700.9     (1,807.1 )   1,086.6  





       Total shareholders’ equity       1,086.6     1,106.2     880.5     (1,986.7 )   1,086.6  





                        $ 2,535.9   $ 2,555.1   $ 2,510.5   $ (3,123.8 ) $ 4,477.7  






For the Three Months Ended July 3, 2005
Ball
Corporation

Guarantor
Subsidiaries

Non-Guarantor
Subsidiaries

Eliminating
Adjustments

Consolidated
Total

Net sales     $ –   $ 1,157.9   $ 451.7   $ (57.6 ) $ 1,552.0  
Costs and expenses    
  Cost of sales (excluding depreciation
    and amortization)
      –     1,007.5     352.8     (57.6 )   1,302.7  
  Depreciation and amortization       0.8     32.5     19.7     –     53.0  
  Business consolidation costs       –     –     8.8     –     8.8  
  Selling, general and administrative       7.8     33.3     14.9     –     56.0  
  Interest expense       6.3     10.0     8.0     –     24.3  
  Equity in results of subsidiaries       (78.5 )   –     –     78.5     –  
  Corporate allocations       (16.6 )   14.8     1.8     –     –  





                          (80.2 )   1,098.1     406.0     20.9     1,444.8  





Earnings (loss) before taxes       80.2     59.8     45.7     (78.5 )   107.2  
Tax provision       (1.2 )   (19.8 )   (11.9 )   –     (32.9 )
Minority interests       –     –     (0.3 )   –     (0.3 )
Equity in results of affiliates       –     1.1     3.9     –     5.0  





Net earnings (loss)     $ 79.0   $ 41.1   $ 37.4   $ (78.5 ) $ 79.0  







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, general 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  






For the Six Months Ended July 3, 2005
Ball
Corporation

Guarantor
Subsidiaries

Non-Guarantor
Subsidiaries

Eliminating
Adjustments

Consolidated
Total

Net sales     $ –   $ 2,183.9   $ 804.3   $ (112.1 ) $ 2,876.1  
Costs and expenses    
  Cost of sales (excluding depreciation
    and amortization)
      –     1,881.1     630.5     (112.1 )   2,399.5  
  Depreciation and amortization       1.5     65.0     39.9     –     106.4  
  Business consolidation costs       –     –     8.8     –     8.8  
  Selling, general and administrative       11.8     72.6     34.6     –     119.0  
  Interest expense       12.3     20.3     17.5     –     50.1  
  Equity in results of subsidiaries       (134.1 )   –     –     134.1     –  
  Corporate allocations       (32.8 )   29.3     3.5     –     –  





                          (141.3 )   2,068.3     734.8     22.0     2,683.8  





Earnings (loss) before taxes       141.3     115.6     69.5     (134.1 )   192.3  
Tax provision       (3.7 )   (40.1 )   (18.9 )   –     (62.7 )
Minority interests       –     –     (0.5 )   –     (0.5 )
Equity in results of affiliates       –     1.4     7.1     –     8.5  





Net earnings (loss)     $ 137.6   $ 76.9   $ 57.2   $ (134.1 ) $ 137.6  







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
    and amortization)
      –     1,748.6     574.5     (117.1 )   2,206.0  
  Depreciation and amortization       1.3     65.6     39.1     –     106.0  
  Selling, general 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 CASH FLOWS
For the Six Months Ended July 3, 2005
Ball
Corporation

Guarantor
Subsidiaries

Non-Guarantor
Subsidiaries

Eliminating
Adjustments

Consolidated
Total

Cash flows from operating activities                        
  Net earnings (loss)     $ 137.6   $ 76.9   $ 57.2   $ (134. 1) $ 137.6  
  Adjustments to reconcile net earnings    
    to net cash provided by operating    
    activities:    
    Depreciation and amortization       1.5     65.0     39.9     –     106.4  
    Business consolidation costs       –     –     8.8     –     8.8  
    Deferred taxes       (0.2 )   (11.1 )   (9.3 )   –     (20.6 )
    Equity in results of subsidiaries       (134.1 )   –     –     134.1     –  
    Other, net       7.6     (3.0 )   (2.2 )   –     2.4  
  Changes in other working capital    
    components       (10.7 )   (27.8 )   (125.9 )   –     (164.4 )





       Net cash provided by (used in)    
         operating activities       1.7     100.0     (31.5 )   –     70.2  





Cash flows from investing activities    
  Additions to property, plant and    
    equipment       (2.5 )   (78.8 )   (67.0 )   –     (148.3 )
  Investments in and advances to    
    affiliates, net of dividends       (72.1 )   (20.9 )   93.0     –     –  
  Other, net       (11.9 )   2.2     0.2     –     (9.5 )





       Net cash provided by (used in)    
         investing activities       (86.5 )   (97.5 )   26.2     –     (157.8 )





Cash flows from financing activities    
  Long-term borrowings       145.0     0.4     –     –     145.4  
  Repayments of long-term borrowings       (12.0 )   (2.6 )   (31.2 )   –     (45.8 )
  Change in short-term borrowings       35.0     –     23.4     –     58.4  
  Proceeds from issuance of common stock       20.1     –     –     –     20.1  
  Acquisitions of treasury stock       (188.1 )   –     –     –     (188.1 )
  Common dividends       (21.8 )   –     –     –     (21.8 )
  Other, net       (0.2 )   –     –     –     (0.2 )





       Net cash used in financing activities       (22.0 )   (2.2 )   (7.8 )   –     (32.0 )





Effect of exchange rate changes on cash       –     –     (3.4 )   –     (3.4 )
  Net change in cash and cash equivalents       (106.8 )   0.3     (16.5 )   –     (123.0 )
Cash and cash equivalents -    
  Beginning of period       113.8     0.6     84.3     –     198.7  





Cash and cash equivalents -    
  End of period     $ 7.0   $ 0.9   $ 67.8     –   $ 75.7  






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 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       19.2     (14.0 )   (2.0 )   –     3.2  
  Changes in working capital
    components, excluding effects of
    acquisitions
      (26.1 )   68.1     (205.2 )   –     (163.2 )





       Net cash provided by (used in)
         operating activities
      8.9     200.6     (109.0 )   –     100.5  





Cash flows from investing activities    
  Additions to property, plant and
    equipment
      (2.2 )   (41.7 )   (23.5 )   –     (67.4 )
  Business acquisition, net of cash
    acquired
      –     (17.0 )   –     –     (17.0 )
  Investments in and advances to
    affiliates, net of dividends
      (14.3 )   (145.2 )   159.5     –     –  
  Other       (10.1 )   3.9     (0.2 )   –     (6.4 )





       Net cash provided by (used in)
         investing activities
      (26.6 )   (200.0 )   135.8     –     (90.8 )





Cash flows from financing activities    
  Long-term borrowings       60.0     –     10.6     –     70.6  
  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 stock       16.8     –     –     –     16.8  
  Acquisitions of treasury stock       (58.9 )   –     –     –     (58.9 )
  Common dividends       (16.7 )   –     –     –     (16.7 )
  Other       (0.1 )   –     (0.4 )   –     (0.5 )





       Net cash provided by (used in)
         financing activities
      18.7     (0.6 )   (28.5 )   –     (10.4 )





Effect of exchange rate changes on cash       –     –     0.1     –     0.1  
  Net change in cash and cash
    equivalents
      1.0     –     (1.6 )   –     (0.6 )
Cash and cash equivalents–    
  Beginning of period       8.8     0.9     26.8     –     36.5  





Cash and cash equivalents–    
  End of period     $ 9.8   $ 0.9   $ 25.2   $ –   $ 35.9