Exhibit 12


Ball Corporation and Subsidiaries
Ratio of Earnings to Fixed Charges

                       
($ in millions)
 
2006
 
2005
 
2004
 
2003
 
2002
 
                                 
Earnings before taxes (a)
 
$
446.9
 
$
363.6
 
$
445.9
 
$
323.5
 
$
224.4
 
Plus:
                               
Interest expensed and capitalized
   
142.5
   
121.7
   
105.8
   
144.2
   
83.2
 
Interest expense within rent
   
27.7
   
25.6
   
24.8
   
22.6
   
17.1
 
Amortization of capitalized interest
   
2.9
   
2.9
   
1.8
   
1.9
   
2.0
 
Distributed income of equity investees
   
6.0
   
11.6
   
8.4
   
4.5
   
 
Less:
                               
Interest capitalized
   
(8.1
)
 
(5.3
)
 
(2.1
)
 
(3.1
)
 
(2.4
)
                                 
Adjusted earnings (a)
 
$
634.1
 
$
520.1
 
$
584.6
 
$
493.6
 
$
324.3
 
                                 
Fixed charges (b)
   
170.2
   
147.3
   
130.6
   
166.8
   
100.3
 
                                 
Ratio of earnings to fixed charges
   
3.6x
   
3.5x
   
4.5x
   
3.0x
   
3.2x
 

 
(a)  
Amounts have been retrospectively adjusted for the company’s change in 2006 from the last-in, first-out method of inventory accounting to the first-in, first-out method.
(b)  
Fixed charges include interest expensed and capitalized as well as interest expense within rent.