WELLSFARGO FINANCIAL, INC.

COMPUTATION OF RATIOS OFEARNINGS TO FIXED CHARGES

Exhibit (12)
|                                                                                                                                                                 | Three  Months  Ended  March 31,  2001 | Years Ended December  31, |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------|---------------------------|
|                                                                                                                                                                 |                                  | (Thousands of Dollars)    |
|                                                                                                                                                                 |                                  |                      |   |   |   |   |
|                                                                                                                                                                 |                                  | 2000                      | 1999 | 1998 | 1997 | 1996 |
|                                                                                                                                                                 |                                  |                      |   |   |   |   |
| Net  income                                                                                                                                                          | $64,802                               | $241,054                  | $265,361 | $238,604 | $269,450 | $276,331 |
|                                                                                                                                                                 |                                  |                      |   |   |   |   |
| Add:                                                                                                                                                                 |                                  |                      |   |   |   |   |
|                                                                                                                                                                 |                                  |                      |   |   |   |   |
|      Fixed charges:                                                                                                                              |                                  |                      |   |   |   |   |
|                                                                                                                                                                 |                                  |                      |   |   |   |   |
|      Interest including    amortization of    debtexpense                                                          | 189,764                               | 639,444                   | 520,063 | 485,784 | 401,736 | 372,859 |
|                                                                                                                                                                 |                                  |                      |   |   |   |   |
|      One-third of rentals*                                                                                                                       | 3,395                                 | 12,844                    | 13,974 | 13,406 | 12,107 | 10,748 |
|                                                                                                                                                                 |                                  |                      |   |   |   |   |
|      Total fixed charges                                                                                                                         | 193,159                               | 652,288                   | 534,037 | 499,190 | 413,843 | 383,607 |
|                                                                                                                                                                 |                                  |                      |   |   |   |   |
|      Provision for     income taxes                                                                                          | 37,922                                | 138,834                   | 149,190 | 121,668 | 144,082 | 148,096 |
|                                                                                                                                                                 |                                  |                      |   |   |   |   |
| Total  net earnings,      fixed charges and      income taxes -      “Earnings” | $295,883                              | $1,032,176                | $948,588 | $859,462 | $827,375 | $808,034 |
|                                                                                                                                                                 |                                  |                      |   |   |   |   |
| Ratio  of earnings      to fixed charges                                                                                                    | 1.53                                  | 1.58                      | 1.78 | 1.72 | 2.00 | 2.11 |