STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

|Exhibit 12
|----------

|                                                                                                         |                                      |  
|-------------------------------------------------------------------------------------------------------- | ------------------------------------ | -
|                                                                                                         | Twelve monthsended
December 31, 2000 |  
|                                                                                                        
|Computation of Earnings:                                                                                 |                                      |  
|                                                                                                        
|Pretax income/(loss)  from continuing operations                                                         | ($217                                | )
|                                                                                                        
|Adjustments to income:                                                                                   |                                      |  
|                                                                                                        
|Add:    Distributed income from less than 50% owned companies                                            | 4                                    |  
|                                                                                                        
|Add:    Portion of rent expense representative of interest expense                                       | 12                                  
|                                                                                                        
|Add:    Interest incurred net of amounts capitalized                                                     | 393                                 
|                                                                                                        
|Add:    Amortization of interest previously capitalized                                                  | (1                                   | )
|                                                                                                        
|Add:    Amortization of debt issue costs and discount or premium
                        on indebtedness | 3                                   
|                                                                                                         |                                      |  
|                                                                                                        
|Earnings                                                                                                 | 194                                 
|                                                                                                         |                                      |  
|                                                                                                        
|Computation of Fixed Charges:                                                                            |                                     
|                                                                                                        
|Interest incurred                                                                                        | $394                                 |  
|                                                                                                        
|Amortization of debt issue costs and discount or premium 
                        on indebtedness        | 3                                    |  
|                                                                                                        
|Portion of rental expense representative of interest                                                     | 12                                   |  
|                                                                                                        
|Preferred stock dividend requirements                                                                    | 3                                    |  
|                                                                                                         |                                      |  
|                                                                                                        
|Fixed Charges                                                                                            | 412                                  |  
|                                                                                                         |                                      |  
|                                                                                                        
|Ratio of Earnings to Fixed Charges                                                                       | .5                                   |  

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