Exhibit 12


Ball Corporation and Subsidiaries
Ratio of Earnings to Fixed Charges


                       
($ in millions)
 
2005
 
2004
 
2003
 
2002
 
2001
 
                                 
Earnings (loss) before taxes
 
$
346.1
 
$
435.2
 
$
319.7
 
$
230.2
 
$
(113.7
)
Plus:
                               
Interest expensed and capitalized
   
121.7
   
105.8
   
144.2
   
83.2
   
89.7
 
Interest expense within rent
   
25.6
   
24.8
   
22.6
   
17.1
   
21.7
 
Amortization of capitalized interest
   
2.9
   
1.8
   
1.9
   
2.0
   
2.3
 
Distributed income of equity investees
   
11.6
   
8.4
   
4.5
   
-
   
-
 
Less:
                               
Interest capitalized
   
(5.3
)
 
(2.1
)
 
(3.1
)
 
(2.4
)
 
(1.4
)
                                 
Adjusted earnings (loss)
   $
502.6
   $
573.9
 
$
489.8
   $
330.1
   $
(1.4
)
                                 
Fixed charges (a)
   
147.3
   
130.6
   
166.8
   
100.3
   
111.4
 
                                 
Ratio of earnings to fixed charges
   
3.4x
   
4.4x
   
2.9x
   
3.3x
   
0.0x(b
)

 
(a)  
Fixed charges include interest expensed and capitalized as well as interest expense within rent.
 
(b)  
During 2001 there was a deficiency of earnings to fixed charges of $112.8 million.
 
 
 
 
 
 
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