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| State      of IncorporationDelaware                                                                                                                                                                                                                                                                                         | I.R.S.      Employer Identification No.41-6034000                                                            |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------------------------------------------------------------------------------------------------|
| Address      of principal executive offices, including zip code2650      Lou Menk DriveFort      Worth, Texas 76131-2830                                                                                                                                                                                                    | Registrant’s      telephone number, including area code(800)      795-2673                        |
| Securities      registered pursuant to Section 12(b) of the Act:The      securities listed below are registered on the New York Stock      Exchange.Title of each class                                                                                                                                                     |
| Burlington      Northern Inc.(Now      BNSF Railway Company)Consolidated      Mortgage Bonds6.55%,      Series K, due 20203.80%,      Series L, due 20203.20%,      Series M, due 20458.15%,      Series N, due 20206.55%,      Series O, due 20208.15%,      Series P, due 2020 Debenture,      8.75%, due 2022  | Northern      Pacific Railway CompanyGeneral      Lien Railway and Land Grant 3% Bonds, due 2047   |

| Indicate by check      mark if the registrant is a well-known seasoned issuer, as defined in Rule      405 of the Securities Act.                                                                                                                                                                                                                                                  | Yes [  ]  No      [x]  |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                         |                                  |
| Indicate by check      mark if the registrant is not required to file reports pursuant to Section      13 or Section 15(d) of the Act.                                                                                                                                                                                                                                        | Yes [  ]  No      [x]  |
|                                                                                                                                                                                                                                                                                                                                                                                         |                                  |
| Indicate by check      mark whether the registrant (1) has filed all reports required to be filed      by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the      preceding 12 months (or for such shorter period that the registrant was      required to file such reports), and (2) has been subject to such filing      requirement for the past 90 days.   | Yes [x] No [  ]             |
|                                                                                                                                                                                                                                                                                                                                                                                         |                                  |
| Indicate by check      mark whether the registrant is a large accelerated filer, accelerated      filer, non-accelerated filer, or smaller reporting company (as defined in      Rule 12b-2 of the Act).                                                                                                                                                                                |
|                                                                                                                                                                                                                                                                                                                                                                                         |                                  |
| Large accelerated filer      [    ]       Accelerated      filer      [    ]     Non-accelerated      filer [x]     Smaller reporting company      [    ]                                                                              |
|                                                                                                                                                                                                                                                                                                                                                                                         |                                  |
| Indicate by check      mark whether the registrant is a shell company (as defined in Rule 12b-2      of the Act).                                                                                                                                                                                                                                                                       | Yes [  ] No      [x]        |
|                                                                                                                                                                                                                                                                                                                                                                                         |                                  |

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| Part I   | Item 1.                |  Business                                                                                                                     | 1               |
|---------------|------------------------|------------------------------------------------------------------------------------------------------------------------------------|-----------------|
|          | Item 1A.               |  Risk Factors                                                                                                                 | 1               |
|          | Item 1B.               |  Unresolved Staff Comments                                                                                                    | 4               |
|          | Item 2.                |  Properties                                                                                                                   | 5          |
|          | Item 3.                |  Legal Proceedings                                                                                                            | 10              |
|          |                   |                                                                                                                               |            |
| Part      II  | Item 5.                |  Market      for Registrant’s Common Equity, Related Stockholder Matters and      Issuer Purchases of Equity Securities | 11              |
|          | Item 7.                |  Management’s Narrative Analysis of Results of      Operations                                                          | 11              |
|          | Item 7A.               |  Quantitative and Qualitative Disclosures About Market      Risk                                                              | 15              |
|          | Item 8.                |  Financial Statements and Supplementary    Data                                                                               | 17              |
|          | Item 9.                |  Changes in and Disagreements With Accountants on Accounting      and Financial Disclosure                                    | 51         |
|          | Item 9A(T).            |  Controls and Procedures                                                                                                 | 51         |
|          | Item 9B.               |  Other Information                                                                                                            | 51         |
|          |                   |                                                                                                                               |            |
| Part      III | Item 14.               | Principal Accountant Fees andServices                                                                                              | 52         |
|          |                   |                                                                                                                               |            |
| Part      IV  | Item 15.               | Exhibits and Financial Statement      Schedules                                                                                    | 53         |
|          | Signatures   |                                                                                                                          | S-1   |
|          | Exhibit Index          |                                                                                                                          | E-1        |
|          |                   |                                                                                                                               |            |
|          |                   |                                                                                                                               |            |

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Item 

Item 

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Item 

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Item 

| At      December 31,                                                                                       |   | 2008   |   | 2007   |   | 2006   |
|------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|
|                                                                                                       |   |   |   |   |   |   |   |   |   |
| Locomotives                                                                                                |   |   | 6,510  |   |   | 6,400  |   |   | 6,330 |
|                                                                                                       |   |   |   |   |   |   |   |   |   |
| Freight      cars:                                                                                         |   |   |   |   |   |   |   |   |   |
| Covered hopper                                                                                             |   |   | 35,381 |   |   | 36,439 |   |   | 33,488 |
| Gondola                                                                                                    |   |   | 14,062 |   |   | 13,690 |   |   | 13,998 |
| Open hopper                                                                                                |   |   | 11,046 |   |   | 11,428 |   |   | 11,277 |
| Flat                                                                                                       |   |   | 10,627 |   |   | 10,470 |   |   | 11,382 |
| Box                                                                                                        |   |   | 6,146  |   |   | 7,948  |   |   | 8,937 |
| Refrigerator                                                                                               |   |   | 3,945  |   |   | 4,196  |   |   | 4,631 |
| Autorack                                                                                                   |   |   | 657    |   |   | 416    |   |   | 641 |
| Tank                                                                                                       |   |   | 447    |   |   | 427    |   |   | 426 |
| Other                                                                                                      |   |   | 244    |   |   | 324    |   |   | 341 |
| Total freight    cars                                                                                      |   |   | 82,555 |   |   | 85,338 |   |   | 85,121 |
|                                                                                                       |   |   |   |   |   |   |   |   |   |
| Domestic      chassis                                                                                      |   |   | 11,336 |   |   | 11,714 |   |   | 12,849 |
| Domestic      containers                                                                                   |   |   | 3,246  |   |   | 3,253  |   |   | 3,275 |
| Trailers                                                                                                   |   |   | 1,195  |   |   | 1,200  |   |   | 1,209 |
| Maintenance      of way and other                                                                          |   |   | 4,401  |   |   | 4,232  |   |   | 3,874 |
| Commuter      passenger cars                                                                               |   |   | 163    |   |   | 163    |   |   | 165 |
|                                                                                                       |   |   |   |   |   |   |   |   |   |
| Average      age from date of manufacture–locomotive fleet (years)a                                  |   |   | 15     |   |   | 15     |   |   | 15 |
| Average      age from date of manufacture–freight car fleet (years)a                                 |   |   | 14     |   |   | 14     |   |   | 14 |
| a       These averages are not weighted to reflect the greater capacities of the      newerequipment. |

----

| Year      ended December 31,                     |   | 2008   |   | 2007   |   | 2006    |
|--------------------------------------------------|--------|--------|--------|--------|--------|---------|
|                                             |   |   |   |   |   |    |
| Engineering:                                     |   |   |   |   |   |    |
| Rail                                             |   | $      | 429    |   | $      | 376     |   | $ | 304 |
| Ties                                             |   |   | 358    |   |   | 316     |   |   | 311 |
| Surfacing                                        |   |   | 230    |   |   | 235     |   |   | 214 |
| Othera                                           |   |   | 544    |   |   | 432     |   |   | 397 |
| Total      engineering                           |   |   | 1,561  |   |   | 1,359   |   |   | 1,226 |
| Mechanical                                       |   |   | 168    |   |   | 141     |   |   | 152 |
| Other                                            |   |   | 131    |   |   | 105     |   |   | 121 |
| Total      replacement capital                   |   |   | 1,860  |   |   | 1,605   |   |   | 1,499 |
| Information      services                        |   |   | 83     |   |   | 75      |   |   | 65 |
| New      locomotive and freight car acquisitions |   |   | 8      |   |   | − |   |   | − |
| Terminal      and line expansion                 |   |   | 222    |   |   | 568     |   |   | 450 |
| Total                                            |   | $      | 2,173  |   | $      | 2,248   |   | $ | 2,014 |

| Year      ended December 31,                                                                                |   | 2009      Estimate |   | 2008   |   | 2007   |   | 2006   |
|-------------------------------------------------------------------------------------------------------------|--------|--------------------|--------|--------|--------|--------|--------|--------|
|                                                                                                        |   |               |   |   |   |   |   |   |   |   |   |   |
| Track      miles of rail laida                                                                              |   |               | 889    |   |   | 972    |   |   | 994 |   |   | 854 |
| Cross      ties inserted (thousands)a                                                                       |   |               | 3,350  |   |   | 3,167  |   |   | 3,126 |   |   | 2,957 |
| Track      resurfaced (miles)                                                                               |   |               | 14,571 |   |   | 13,005 |   |   | 11,687 |   |   | 12,588 |
| a       Includes both replacement capital and expansion projects, which are      primarilycapitalized. |

Propertyand Facilities

| Intermodal      Facilities                 |   | Lifts     |
|--------------------------------------------|--------|-----------|
|                                       |   |      |
| Hobart      Yard (Los Angeles, California) |   | 1,244,000 |
| Logistics      Park (Chicago, Illinois)    |   | 809,000   |
| Corwith      Yard (Chicago, Illinois)      |   | 681,000   |
| Willow      Springs (Illinois)             |   | 618,000   |
| Alliance      (Fort Worth, Texas)          |   | 540,000   |
| Cicero      (Illinois)                     |   | 488,000   |
| San      Bernardino (California)           |   | 488,000   |
| Argentine      (Kansas City, Kansas)       |   | 332,000   |
| Stockton      (California)                 |   | 300,000   |
| Memphis      (Tennessee)                   |   | 277,000   |

----

| Classification      Yards            |   | Daily      AverageCars      Processed |
|--------------------------------------|--------|---------------------------------------|
|                                 |   |                                  |
| Argentine      (Kansas City, Kansas) |   | 1,772                                 |
| Galesburg      (Illinois)            |   | 1,603                                 |
| Barstow      (California)            |   | 1,292                                 |
| Tulsa      (Oklahoma)                |   | 1,206                                 |
| Pasco      (Washington)              |   | 1,142                                 |

| Year      ended December 31,                                         |   | 2008   |   | 2007   |   | 2006   |   |
|----------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|
|                                                                 |   |   |   |   |   |   |   |   |   |   |
| Thousand      gross ton miles divided by average number of employees |   |   | 27,555 |   |   | 27,222 |   |   | 27,092 |   |

----

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| Year      ended December 31,                                                                                                         |   | 2008   |    | 2007   |   | 2006    |   |
|--------------------------------------------------------------------------------------------------------------------------------------|--------|--------|---------|--------|--------|---------|--------|
|                                                                                                                                 |   |   |    |   |   |    |   |   |   |   |
| Revenue      ton miles (millions)a                                                                                                   |   |   | 664,384 |   |   | 657,572 |   |   | 647,857 |   |
| Freight      revenue per thousand revenue ton miles                                                                                  |   | $      | 26.34   |   | $      | 23.34   |   | $ | 22.45 |   |
| Average      length of haul (miles)                                                                                                  |   |   | 1,090   |   |   | 1,079   |   |   | 1,071 |   |
| a       Revenue ton miles is defined as the product of the number of loaded miles      traveled and the weight of the contents. |   |

Item 7, Management’s Narrative Analysis of Results of Operations, under theheading “Results of Operations; Revenue Table.”

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Item 

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PartII

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Item 

BNSF Railway’s common stock is owned by BNSF and therefore is nottraded on any market.

Item 7. Management’sNarrative Analysis of Results of Operations

|                          |   | Revenues(in      millions) |   | Cars      / Units(in      thousands) |   | Average      RevenuePer      Car / Unit |
|-------------------------------|--------|----------------------------|--------|--------------------------------------|--------|-----------------------------------------|
| Year      ended December 31,  |   |                       | 2008   |                                 |   | 2007                                    |   | 2008 |   | 2007 |   |   | 2008 |   |   | 2007 |
|                          |   |                       |   |                                 |   |                                    |   |   |   |   |   |   |   |   |   |   |
| Consumer      Products        |   | $                          | 6,064  |                                 | $      | 5,664                                   |   | 4,818 |   | 5,149 |   | $ | 1,259 |   | $ | 1,100 |
| Industrial      Products      |   |                       | 4,028  |                                 |   | 3,684                                   |   | 1,598 |   | 1,664 |   |   | 2,521 |   |   | 2,214 |
| Coal                          |   |                       | 3,970  |                                 |   | 3,279                                   |   | 2,516 |   | 2,472 |   |   | 1,578 |   |   | 1,326 |
| Agricultural      Products    |   |                       | 3,441  |                                 |   | 2,722                                   |   | 1,062 |   | 1,033 |   |   | 3,240 |   |   | 2,635 |
| Total      freight revenues   |   |                       | 17,503 |                                 |   | 15,349                                  |   | 9,994 |   | 10,318 |   | $ | 1,751 |   | $ | 1,488 |
| Other      revenues           |   |                       | 284    |                                 |   | 261                                     |   |   |   |   |   |   |   |   |   |   |
| Total operating      revenues |   | $                          | 17,787 |                                 | $      | 15,610                                  |   |   |   |   |   |   |   |   |   |   |

| Year      ended December 31,       |   |        2008 |   |        2007 |
|------------------------------------|--------|------------------|--------|------------------|
|                               |   |             |   |             |   |   |
| Fuel                               |   | $                | 4,640  |             | $ | 3,327 |
| Compensation      and benefits     |   |             | 3,859  |             |   | 3,754 |
| Purchased      services            |   |             | 2,077  |             |   | 1,995 |
| Depreciation      and amortization |   |             | 1,395  |             |   | 1,292 |
| Equipment      rents               |   |             | 901    |             |   | 942 |
| Materials      and other           |   |             | 1,019  |             |   | 790 |
| Total operating      expenses      |   | $                | 13,891 |             | $ | 12,100 |
|                               |   |             |   |             |   |   |
| Interest      expense              |   | $                | 97     |             | $ | 87 |
| Other      expense, net            |   | $                | 18     |             | $ | 31 |
| Income      tax expense            |   | $                | 1,438  |             | $ | 1,384 |
|                               |

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| • | Expectations as to operating results, such as      revenue growth andearnings; |
|---------|--------------------------------------------------------------------------------|

| • | Expectations as to the effect on the      Company’s financial condition of claims, litigation, environmental and      personal injury costs, commitments,      contingent liabilities, and governmental and      regulatory investigations and  proceedings; |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | Plans and goals for future operational      improvements and capital commitments;  and |
|---------|----------------------------------------------------------------------------------------|

| • | Current or future volatility in the credit      market and future market conditions or economic      performance. |
|---------|-------------------------------------------------------------------------------------------------------------------|

| • | Economic      and industry conditions: material adverse changes in economic or      industry conditions, both in the United States and globally, continuing      volatility in the capital or credit markets and other changes in the      securities and capital markets, changes in customer demand, effects of      adverse economic conditions affecting shippers or BNSF Railway’s supplier      base and in the industries and geographic areas that produce and consume      freight, changes in demand due to more stringent regulatory policies      such as the regulation of carbon dioxide emissions that could reduce      the demand for coal or governmental tariffs or subsidies that could affect      the demand for grain, competition and consolidation within the      transportation industry, the extent to which BNSF Railway is      successful in gaining new long-term relationships with customers or      retaining existing ones, level of service failures that could lead      customers to use competitors' services, changes in fuel prices and other      key materials and disruptions in supply chains for these materials,      increased customer bankruptcies, closures or slowdowns and changes in crew      availability, labor costs and labor difficulties, including stoppages      affecting either BNSF Railway’s operations or customers’ abilities to      deliver goods to BNSF Railway forshipment; |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| • | Legal,      legislative and regulatory factors: developments and changes in      laws and regulations, including those affecting train operations or the      marketing of services, the ultimate outcome of shipper and rate claims      subject to adjudication or claims, investigations or litigation alleging      violations of the antitrust laws, increased economic regulation of the      rail industry through legislative action and revised rules and standards      applied by the U.S. Surface Transportation Board in various areas      including rates and services, developments in environmental investigations      or proceedings with respect to rail operations or current or past      ownership or control of real property or properties owned by others      impacted by BNSF Railway operations, and developments in and losses      resulting from other types of claims and litigation, including those      relating to personal injuries, asbestos and other occupational diseases,      the release of hazardous materials, environmental contamination and damage      to property; the availability of adequate insurance to cover the risks      associated with operations; and |
|---------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| •  | Operating      factors: technical difficulties, changes in operating conditions      and costs, changes in business mix, the availability of equipment and      human resources to meet changes in demand, the extent of the Company’s      ability to achieve its operational and financial initiatives and to      contain costs in response to changes in demand and other factors, the      effectiveness of steps taken to maintain and improve operations and      velocity and network fluidity, including the management of the amount of      traffic on the system to meet demand and the ability to acquire sufficient      resources to meet that demand, the ability to expand the capacity of the      system, congestion on other railroads and capacity constraints affecting      all links in the transportation chain that feed traffic and goods to BNSF      Railway’s systems, restrictions on development and expansion plans due to      environmental concerns, constraints due to the nation’s aging      infrastructure, disruptions to BNSF Railway’s technology network including      computer systems and software, as well as natural events such as severe      weather, fires, floods and earthquakes or man-made or other disruptions of      BNSF Railway’s operating systems, structures, or equipment including the      effects of acts of terrorism on the Company’s system or other railroads’      systems or other links in the transportation  chain. |
|---------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Item 

| Year      ended December 31,                                                            |   |   | 2008   |   |   | 2007   |   |
|-----------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|
|                                                                                    |   |   |   |   |   |   |   |
| Fuel-hedge      (loss) benefit (including ineffective portion of unexpired      hedges) |   | $      | (5     | )      | $      | 31     |   |
| Tax      effect                                                                         |   |   | 2      |   |   | (12    | )      |
| Hedge      (loss) benefit, net of tax                                                   |   | $      | (3     | )      | $      | 19     |   |

| Sensitivity      Analysis          |
|------------------------------------|
| Hedged      Commodity Price Change |   | Fuel-Hedge      Annual Pre-Tax      Earnings Impact |   | Balance      Sheet Impact of Change in      Fuel-Hedge      Fair Value |
|                               |   |   |   |   |
| 10-percent      increase           |   | $42      million increase |   | $108      million increase |
| 10-percent      decrease           |   | $42      million decrease |   | $107      milliondecrease |

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| Sensitivity      Analysis                      |
|------------------------------------------------|
| Hypothetical      Changein      Interest Rates |   |   | Change      in Fair Value |
| Total      Debt                                |
|                                           |   |   |   |
| 1-percent      decrease                        |   |   | $63      million increase |
| 1-percent      increase                        |   |   | $56      milliondecrease |

----

Item 

| Consolidated      Financial Statements                                                                                                                  |        |
|---------------------------------------------------------------------------------------------------------------------------------------------------------|-------------|
|                                                                                                                                                    |        |
| Report of Independent Registered Public Accounting      Firm                                                                                       | 18     |
| Consolidated Statements of Income for each of the three      years in the period ended December 31, 2008                                           | 19     |
| Consolidated Balance Sheets as of December 31, 2008 and      2007                                                                                  | 20     |
| Consolidated Statements of Cash Flows for each of the      three years in the period ended December 31, 2008                                       | 21     |
| Consolidated      Statements of Changes in Stockholder’s Equity for      each of the three years in the period ended December 31,      2008  | 22     |
| Notes to Consolidated Financial    Statements                                                                                                           | 23-50  |

----

Report 

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BNSF 

| In      millions |
|------------------|

| Year      ended December 31,                                                   |   | 2008   |   | 2007                |   | 2006                |   |
|--------------------------------------------------------------------------------|--------|--------|--------|---------------------|--------|---------------------|--------|
|                                                                           |   |   |   | (As      Adjusted)a |   | (As      Adjusted)a |   |
|                                                                           |   |   |   |                |   |                |   |   |   |   |
| Revenues                                                                       |   | $      | 17,787 |                | $      | 15,610              |   | $ | 14,816 |   |
| Operating      expenses:                                                       |   |   |   |                |   |                |   |   |   |   |
|      Fuel                                             |   |   | 4,640  |                |   | 3,327               |   |   | 2,856 |   |
| Compensation and      benefits                                                 |   |   | 3,859  |                |   | 3,754               |   |   | 3,801 |   |
| Purchased    services                                                          |   |   | 2,077  |                |   | 1,995               |   |   | 1,894 |   |
| Depreciation and      amortization                                             |   |   | 1,395  |                |   | 1,292               |   |   | 1,175 |   |
| Equipment rents                                                                |   |   | 901    |                |   | 942                 |   |   | 930 |   |
| Materials and    other                                                         |   |   | 1,019  |                |   | 790                 |   |   | 618 |   |
|               Total operating expenses |   |   | 13,891 |                |   | 12,100              |   |   | 11,274 |   |
| Operatingincome                                                                |   |   | 3,896  |                |   | 3,510               |   |   | 3,542 |   |
| Interest      expense                                                          |   |   | 97     |                |   | 87                  |   |   | 113 |   |
| Interest      income, related parties                                          |   |   | (19    | )                   |   | (191                | )      |   | (162 | ) |
| Other      expense, net                                                        |   |   | 18     |                |   | 31                  |   |   | 39 |   |
| Income before income      taxes                                                |   |   | 3,800  |                |   | 3,583               |   |   | 3,552 |   |
| Income      tax expense                                                        |   |   | 1,438  |                |   | 1,384               |   |   | 1,314 |   |
| Net income                                                                     |   | $      | 2,362  |                | $      | 2,199               |   | $ | 2,238 |   |

| a       Prior year numbers have been adjusted for the merger of BNSF      Acquisition, Inc. with and into BNSF Railway Company. See Note 1 to the      Consolidated Financial Statements for additional    information. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| See      accompanying Notes to Consolidated Financial  Statements. |
|--------------------------------------------------------------------|

----

BNSF 

| Dollars      in millions |
|--------------------------|

| December      31,                                                                                        |   |   | 2008   |   |               | 2007   |   |
|----------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------------------|--------|--------|
|                                                                                                     |   |   |   |   | (As      Adjusted) | a      |
| Assets                                                                                                   |   |   |   |   |               |   |   |
| Current      assets:                                                                                     |   |   |   |   |               |   |   |
| Cash and cash      equivalents                                                                           |   | $      | 209    |   | $                  | 24     |   |
| Accounts receivable,      net                                                                            |   |   | 873    |   |               | 805    |   |
| Materials and      supplies                                                                              |   |   | 524    |   |               | 579    |   |
| Current portion of deferred      income taxes                                                            |   |   | 434    |   |               | 282    |   |
| Other current      assets                                                                                |   |   | 337    |   |               | 325    |   |
| Total current      assets                                                                                |   |   | 2,377  |   |               | 2,015  |   |
|                                                                                                     |   |   |   |   |               |   |   |
| Property      and equipment, net                                                                         |   |   | 30,838 |   |               | 29,560 |   |
| Other      assets                                                                                        |   |   | 2,910  |   |               | 1,953  |   |
| Total assets                                                                                             |   | $      | 36,125 |   | $                  | 33,528 |   |
|                                                                                                     |   |   |   |   |               |   |   |
| Liabilities      and Stockholder’s Equity                                                          |   |   |   |   |               |   |   |
| Current      liabilities:                                                                                |   |   |   |   |               |   |   |
| Accounts payable and other      current liabilities                                                      |   | $      | 3,114  |   | $                  | 2,822  |   |
| Long-term debt due within one      year                                                                  |   |   | 254    |   |               | 210    |   |
| Total current      liabilities                                                                           |   |   | 3,368  |   |               | 3,032  |   |
|                                                                                                     |   |   |   |   |               |   |   |
| Long-term      debt                                                                                      |   |   | 1,821  |   |               | 1,511  |   |
| Deferred      income taxes                                                                               |   |   | 8,672  |   |               | 8,519  |   |
| Pension      and retiree health and welfare liability                                                    |   |   | 1,047  |   |               | 444    |   |
| Casualty      and environmental liabilities                                                              |   |   | 959    |   |               | 843    |   |
| Employee      separation costs                                                                           |   |   | 57     |   |               | 77     |   |
| Other      liabilities                                                                                   |   |   | 1,835  |   |               | 1,578  |   |
| Total    liabilities                                                                                     |   |   | 17,759 |   |               | 16,004 |   |
| Commitments      and contingencies (see Notes 3, 9 and 10)                                               |   |   |   |   |               |   |   |
| Stockholder’s      equity:                                                                         |   |   |   |   |               |   |   |
| Common stock, $1 par value,      1,000 shares authorized;issued and outstanding and      paid-in-capital |   |   | 6,331  |   |               | 6,331  |   |
| Retained    earnings                                                                                     |   |   | 12,852 |   |               | 11,797 |   |
| Intercompany notes      receivable                                                                       |   |   | (6     | )      |               | (456   | )      |
| Accumulated other comprehensive      loss                                                                |   |   | (811   | )      |               | (148   | )      |
| Total stockholder’s      equity                                                                    |   |   | 18,366 |   |               | 17,524 |   |
| Total liabilities and      stockholder’s equity                                                    |   | $      | 36,125 |   | $                  | 33,528 |   |

| a        Prior year numbers have been adjusted for the merger of BNSF      Acquisition, Inc. with and into BNSF Railway Company. See Note 1 to the      Consolidated Financial Statements for additional    information. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| See      accompanying Notes to Consolidated Financial  Statements. |
|--------------------------------------------------------------------|

----

BNSF 

| In      millions |
|------------------|

| Year      ended December 31,                                                                |   |   | 2008       |    |               | 2007       |               |   | 2006         |    |
|---------------------------------------------------------------------------------------------|--------|--------|------------|---------|--------------------|------------|--------------------|--------|--------------|---------|
|                                                                                        |   |   |       |    | (As      Adjusted) | a          | (As      Adjusted) | a      |
|                                                                                        |   |   |       |    |               |       |               |   |         |    |
| Operating      Activities                                                                   |   |   |       |    |               |       |               |   |         |    |
| Net      income                                                                             |   | $      | 2,362      |    | $                  | 2,199      |               | $      | 2,238        |    |
| Adjustments      to reconcile net income to net cash provided by      operating activities: |   |   |       |    |               |       |               |   |         |    |
| Depreciation      and amortization                                                          |   |   | 1,395      |    |               | 1,292      |               |   | 1,175        |    |
| Deferred      income taxes                                                                  |   |   | 420        |    |               | 302        |               |   | 330          |    |
| Employee      separation costs paid                                                         |   |   | (15        | )       |               | (21        | )                  |   | (27          | )       |
| Long-term      casualty and environmental liabilities, net                                  |   |   | 150        |    |               | 26         |               |   | (55          | )       |
| Other,      net                                                                             |   |   | 26         |    |               | 101        |               |   | (192         | )       |
| Changes      in current assets and liabilities:                                             |   |   |       |    |               |       |               |   |         |    |
| Accounts      receivable, net                                                               |   |   | 176        |    |               | (120       | )                  |   | (129         | )       |
| Change      in accounts receivable sales program                                            |   |   | (250       | )       |               | –    |               |   | –      |    |
| Materials      and supplies                                                                 |   |   | 55         |    |               | (91        | )                  |   | (92          | )       |
| Other      current assets                                                                   |   |   | (28        | )       |               | 12         |               |   | 105          |    |
| Accounts      payable and other current liabilities                                         |   |   | (49        | )       |               | (123       | )                  |   | (66          | )       |
| Net      cash provided by operating activities                                              |   |   | 4,242      |    |               | 3,577      |               |   | 3,287        |    |
|                                                                                        |   |   |       |    |               |       |               |   |         |    |
| Investing      Activities                                                                   |   |   |       |    |               |       |               |   |         |    |
| Capital      expenditures                                                                   |   |   | (2,173     | )       |               | (2,248     | )                  |   | (2,014       | )       |
| Net      increase in intercompany notes receivable                                          |   |   | −    |    |               | (993       | )                  |   | (441         | )       |
| Construction      costs for facility financing obligation                                   |   |   | (64        | )       |               | (37        | )                  |   | (14          | )       |
| Acquisition      of equipment pending financing                                        |   |   |  (941 | )  |               |  (745 | )             |   |  (1,223 | )  |
| Proceeds      from sale of assets financed                                             |   |   |  348  |    |               |  778  |               |   |  1,244  |    |
| Other,      net                                                                             |   |   | (228       | )       |               | (147       | )                  |   | (151         | )       |
| Net      cash used for investing activities                                                 |   |   | (3,058     | )       |               | (3,392     | )                  |   | (2,599       | )       |
|                                                                                        |   |   |       |    |               |       |               |   |         |    |
| Financing      Activities                                                                   |   |   |       |    |               |       |               |   |         |    |
| Payments      on long-term debt                                                             |   |   | (216       | )       |               | (182       | )                  |   | (467         | )       |
| Proceeds      from facility financing obligation                                            |   |   | 68         |    |               | 41         |               |   | –      |    |
| Net      increase in intercompany notes receivable                                          |   |   | (850       | )       |               | –    |               |   | –      |    |
| Net      decrease in intercompany notes payable                                             |   |   | −    |    |               | (35        | )                  |   | (224         | )       |
| Other,      net                                                                             |   |   | (1         | )       |               | (4         | )                  |   | –      |    |
| Net      cash used for financing activities                                                 |   |   | (999       | )       |               | (180       | )                  |   | (691         | )       |
| Increase      (decrease) in cash and cash equivalents                                       |   |   | 185        |    |               | 5          |               |   | (3           | )       |
| Cash      and cash equivalents:                                                             |   |   |       |    |               |       |               |   |         |    |
| Beginning      of year                                                                      |   |   | 24         |    |               | 19         |               |   | 22           |    |
| End      of year                                                                            |   | $      | 209        |    | $                  | 24         |               | $      | 19           |    |
|                                                                                        |   |   |       |    |               |       |               |   |         |    |
| Supplemental      Cash Flow Information                                                     |   |   |       |    |               |       |               |   |         |    |
| Interest      paid, net of amounts capitalized                                              |   | $      | 112        |    | $                  | 75         |               | $      | 110          |    |
| Income      taxes paid, net of refunds                                                      |   | $      | 1,052      |    | $                  | 930        |               | $      | 1,011        |    |
| Non-cash      asset financing                                                               |   | $      | 258        |    | $                  | 461        |               | $      | 109          |    |
| Non-cash      dividend                                                                      |   | $      | 1,300      |    | $                  | 4,100      |               | $      | –      |    |

| a       Prior year numbers have been adjusted for the merger of BNSF      Acquisition, Inc. with and into BNSF Railway Company. See Note 1 to the      Consolidated Financial Statements for additional    information. |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| See      accompanying Notes to Consolidated Financial  Statements. |
|--------------------------------------------------------------------|

----

BNSF 

|                                                                                                                          |   | Common      Stock and Paid-in-Capital | a       | Retained      Earnings | a             | Intercompany      Notes Receivable |   | Accumu­lated      OtherComprehensive      Income (Loss) |    | TotalStockholder’s      Equity | a        |
|-------------------------------------------------------------------------------------------------------------------------------|--------|---------------------------------------|---------|------------------------|---------------|------------------------------------|--------|--------------------------------------------------------------|---------|--------------------------------------|----------|
| Balance      at December 31, 2005, as adjusted                                                                                |   | $                                     | 6,331   |                   | $             | 11,473                             |   | $                                                            | – |                                 | $        | (51 | ) | $ | 17,753 |   |
| Comprehensive      income:                                                                                                    |   |                                  |    |                   |          |                               |   |                                                         |    |                                 |     |   |   |   |   |
| Net income                                                                                                                    |   | –                               |    |                   | 2,238         |                               |   | –                                                      |    |                                 | –  |   |   | 2,238 |   |
| Minimum pension liability      adjustment, net of tax expense              of $24          |   | –                               |    |                   |  – |                               |   |  –                                                |    |                                 |  40 |   |   |  40 |   |
|  Fuel      hedge mark-to-market, net of tax benefit of $125                                                              |   | –                               |    |                   | –       |                               |   | –                                                      |    |                                 | (199     | ) |   | (199 | ) |
| Total comprehensive      income                                                                                               |   | –                               |    |                   | 2,238         |                               |   | –                                                      |    |                                 | (159     | ) |   | 2,079 |   |
| Adjustment      to initially apply Statement of Financial Accounting Standards (SFAS) No.      158, net of tax benefit of $48 |   |                                  | – |                   |          | –                            |   |                                                         | – |                                 |     | (76 | ) |   | (76 | ) |
| Balance      at December 31, 2006, as adjusted                                                                                |   |                                  | 6,331   |                   |          | 13,711                             |   |                                                         | – |                                 |     | (286 | ) |   | 19,756 |   |
| Comprehensive      income:                                                                                                    |   |                                  |    |                   |          |                               |   |                                                         |    |                                 |     |   |   |   |   |   |
| Net income                                                                                                                    |   |                                  | – |                   |          | 2,199                              |   |                                                         | – |                                 |     | – |   |   | 2,199 |   |
|  Change      in unrecognized prior service credit and actuarial losses, net of tax      expense of $76                   |   |                                  | – |                   |          | –                            |   |                                                         | – |                                 |     | 122 |   |   | 122 |   |
|  Fuel      hedge mark-to-market, net of tax expense of $11                                                               |   |                                  | – |                   |          | –                            |   |                                                         | – |                                 |     | 16 |   |   | 16 |   |
| Total comprehensive      income                                                                                               |   |                                  | – |                   |          | 2,199                              |   |                                                         | – |                                 |     | 138 |   |   | 2,337 |   |
| Adjustment      for the adoption of FASB Interpretation No. (FIN) 48                                                          |   | –                               |    |                   | (13           | )                                  |   | –                                                      |    |                                 | –  |   |   | (13 | ) |
| Non-cash      dividend ($4.1 per share)                                                                                       |   | –                               |    |                   | (4,100        | )                                  |   | –                                                      |    |                                 | –  |   |   | (4,100 | ) |
| Intercompany      notes receivable                                                                                            |   | –                               |    |                   | –       |                               |   | (456                                                         | )       |                                 | –  |   |   | (456 | ) |
| Balance      at December 31, 2007, as adjusted                                                                                |   |                                  | 6,331   |                   |          | 11,797                             |   |                                                         | (456    | )                                    |     | (148 | ) |   | 17,524 |   |
| Comprehensive      income:                                                                                                    |   |                                  |    |                   |          |                               |   |                                                         |    |                                 |     |   |   |   |   |   |
| Net income                                                                                                                    |   |                                  | – |                   |          | 2,362                              |   |                                                         | – |                                 |     | – |   |   | 2,362 |   |
|  Change      in unrecognized prior service credit and actuarial losses, net of tax      benefit of $219                  |   |                                  | – |                   |          | –                            |   |                                                         | – |                                 |     | (353 | ) |   | (353 | ) |
|  Fuel      hedge mark-to-market, net of tax benefit of $189                                                              |   |                                  | – |                   |          | –                            |   |                                                         | – |                                 |     | (305 | ) |   | (305 | ) |
|  Unrealized      loss on securities held by equity method investees, net of tax benefit of      $3                       |   |                                  | – |                   |          | –                            |   |                                                         | – |                                 |     | (5 | ) |   | (5 | ) |
| Total comprehensive      income                                                                                               |   |                                  | – |                   |          | 2,362                              |   |                                                         | – |                                 |     | (663 | ) |   | 1,699 |   |
| Adjustment      to change the measurement date pursuant to SFAS No. 158, net of tax      benefit of $3                        |   |                                  | – |                   |          | (7                                 | )      |                                                         | – |                                 |     | 2 |   |   | (5 | ) |
| Adjustment      to initially apply SFAS No. 158 to equity method investees, net of tax      benefit of $1                     |   |                                  | – |                   |          | –                            |   |                                                         | – |                                 |     | (2 | ) |   | (2 | ) |
| Non-cash      dividend ($1.3 per share)                                                                                       |   |                                  | – |                   |          | (1,300                             | )      |                                                         | – |                                 |     | – |   |   | (1,300 | ) |
| Intercompany      notes receivable                                                                                            |   |                                  | – |                   |          | –                            |   |                                                         | 450     |                                 |     | – |   |   | 450 |   |
| Balance      at December 31, 2008                                                                                             |   | $                                     | 6,331   |                   | $             | 12,852                             |   | $                                                            | (6      | )                                    | $        | (811 | ) | $ | 18,366 |   |

| a       Prior      year numbers have been adjusted for the merger of BNSF Acquisition, Inc.      with and into BNSF Railway Company. See Note 1 to the Consolidated      Financial Statements for additionalinformation. |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| See accompanying Notes to      Consolidated FinancialStatements. |
|------------------------------------------------------------------|

----

BNSF 

----

| Year      ended December 31,       |   | 2007             |   | 2006             |
|------------------------------------|--------|------------------|--------|------------------|
|                               |   | As      Reported |   | As      Adjusted |   | As      Reported |   | As      Adjusted |
| Revenues                           |   | $                | 15,605 |             | $ | 15,610 |   | $ | 14,811 |   | $ | 14,816 |
| Compensation      and benefits     |   |             | 3,754  |             |   | 3,754 |   |   | 3,800 |   |   | 3,801 |
| Depreciation      and amortization |   |             | 1,290  |             |   | 1,292 |   |   | 1,174 |   |   | 1,175 |
| Total      operating expenses      |   |             | 12,098 |             |   | 12,100 |   |   | 11,272 |   |   | 11,274 |
| Operating      income              |   |             | 3,507  |             |   | 3,510 |   |   | 3,539 |   |   | 3,542 |
| Income      before income taxes    |   |             | 3,580  |             |   | 3,583 |   |   | 3,549 |   |   | 3,552 |
| Income      tax expense            |   |             | 1,383  |             |   | 1,384 |   |   | 1,313 |   |   | 1,314 |
| Net      income                    |   | $                | 2,197  |             | $ | 2,199 |   | $ | 2,236 |   | $ | 2,238 |

| December      31,                                            |   | 2007             |
|--------------------------------------------------------------|--------|------------------|
|                                                         |   | As      Reported |   | As      Adjusted |
| Property      and equipment, net                             |   | $                | 29,513 |   | $ | 29,560 |
| Other      assets                                            |   |             | 1,927 |   |   | 1,953 |
|     Total      assets                    |   |             | 33,455 |   |   | 33,528 |
|                                                         |   |             |   |   |   |   |
| Accounts      payable and other current liabilities          |   |             | 2,848 |   |   | 2,822 |
|     Total      current liabilities       |   |             | 3,058 |   |   | 3,032 |
|                                                         |   |             |   |   |   |   |
| Deferred      income taxes                                   |   |             | 8,501 |   |   | 8,519 |
|     Total      liabilities               |   |             | 16,012 |   |   | 16,004 |
|                                                         |   |             |   |   |   |   |
| Common      stock issued and outstanding and paid-in capital |   |             | 6,286 |   |   | 6,331 |
| Retained      earnings                                       |   |             | 11,761 |   |   | 11,797 |
| Total      stockholder’s equity                        |   |             | 17,443 |   |   | 17,524 |
| Total      liabilities and stockholder’s equity        |   | $                | 33,455 |   | $ | 33,528 |

----

| Year      ended December 31,                        |   |   | 2007               |    |   | 2006                         |    |
|-----------------------------------------------------|--------|--------|--------------------|---------|--------|------------------------------|---------|
|                                                |   |   | As      Reported   |    |   | As      Adjusted             |    |   | As      Reported |   |   | As      Adjusted |   |
| Net      income                                     |   | $      | 2,197              |    | $      | 2,199                        |    | $ | 2,236 |   | $ | 2,238 |   |
| Depreciation      and amortization                  |   |   | 1,290              |    |   | 1,292                        |    |   | 1,174 |   |   | 1,175 |   |
| Accounts      payable and other current liabilities |   |   | (119               | )  |   | (123                         | )  |   | (64 | )  |   | (66 | ) |
| Net      cash provided by operating activities      |   |   | 3,577              |    |   | 3,577                        |    |   | 3,286 |   |   | 3,287 |   |
|                                                |   |   |               |    |   |                         |    |   |   |   |   |   |   |
| Investing      activities other, neta               |   |   |   (148   | )  |   |     (147 | )  |   |     (151 | )  |   |     (151 | ) |
| Net      cash used for investing      activities    |   | $      |   (3,393 | )  | $      |   (3,392           | )       | $ |   (2,599 | )  | $ |   (2,599 | ) |

----

----

| ·   | Level      1–Quoted prices for identical assets or liabilities in active markets that      the Company has the ability to access at the measurement    date. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Level      2–Quoted prices for similar assets or liabilities in active markets;      quoted prices for identical or similar assets or liabilities in markets      that are not active; and model-derived valuations in which all significant      inputs are observable market data. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Level      3–Valuations derived from valuation techniques in which one or more      significant inputs are unobservable. |
|--------------------|--------------------------------------------------------------------------------------------------------------------------------|

----

| Year      ended December 31,            |   | 2008   |   | 2007   |   | 2006   |   |
|-----------------------------------------|--------|--------|--------|--------|--------|--------|--------|
|                                    |   |   |   |   |   |   |   |   |   |   |
| Hedge      benefit                      |   | $      | 12     |   | $      | 30     |   | $ | 342 |   |
| Ineffective      portion of open hedges |   |   | (17    | )      |   | 1      |   |   | (1 | ) |
| Tax      effect                         |   |   | 2      |   |   | (12    | )      |   | (131 | ) |
| Hedge (loss) benefit, net of      tax   |   | $      | (3     | )      | $      | 19     |   | $ | 210 |   |

----

| December      31,                                    |   | 2008   |    | 2007   |   |
|------------------------------------------------------|--------|--------|---------|--------|--------|
|                                                 |   |   |    |   |   |   |   |
| Short-term      fuel-hedging asset                   |   | $      | – |   | $      | 29 |   |
| Long-term      fuel-hedging asset                    |   |   | – |   |   | 10 |   |
| Short-term      fuel-hedging liability               |   |   | (279    | )      |   | – |   |
| Long-term      fuel-hedging liability                |   |   | (193    | )      |   | – |   |
| Ineffective      portion of open hedges              |   |   | 17      |   |   | – |   |
| Tax      effect                                      |   |   | 174     |   |   | (15 | ) |
| Amount included in AOCL, net of      tax             |   | $      | (281    | )      | $      | 24 |   |
|  Settled      fuel-hedging contracts receivable |   | $      | – |   | $      | 6 |   |
| Settled      fuel-hedging contracts payable          |   | $      | (38     | )      | $      | – |   |

----

|                                         |   |                |   |   |          |   |
|----------------------------------------------|--------|---------------------|--------|--------|---------------|--------|
|                                         |   | Quarter      Ending |   |   |          |   |
| 2009                                         |   | March      31,      |   |   | June      30, |   |   | September      30, |   |   | December      31, |   |   | Annual |   |
|                                         |   |                |   |   |          |   |   |   |   |   |   |   |   |   |   |
| WTI      Swaps                               |   |                |   |   |          |   |   |   |   |   |   |   |   |   |   |
| Barrels      hedged (in thousands)           |   |                | 1,125  |   |          |   | 1,215 |   |   |   | 1,240 |   |   |   | 1,425 |   |   |   | 5,005 |   |
| Equivalent      gallons hedged (in millions) |   |                | 47.25  |   |          |   | 51.03 |   |   |   | 52.08 |   |   |   | 59.85 |   |   |   | 210.21 |   |
| Average      swap price (per barrel)         |   | $                   | 74.22  |   |          | $      | 73.59 |   |   | $ | 75.09 |   |   | $ | 75.72 |   |   | $ | 74.71 |   |
| Fair      value (in millions)                |   | $                   | (28    | )      |          | $      | (24 | ) |   | $ | (23 | ) |   | $ | (23 | ) |   | $ | (98 | ) |
|                                         |   |                |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| WTI      Costless Collars                    |   |                |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Barrels      hedged (in thousands)           |   |                | 975    |   |          |   | 755 |   |   |   | 520 |   |   |   | 475 |   |   |   | 2,725 |   |
| Equivalent      gallons hedged (in millions) |   |                | 40.95  |   |          |   | 31.71 |   |   |   | 21.84 |   |   |   | 19.95 |   |   |   | 114.45 |   |
| Average      cap price (per barrel)          |   | $                   | 126.40 |   |          | $      | 127.01 |   |   | $ | 135.82 |   |   | $ | 135.46 |   |   | $ | 129.95 |   |
| Average      floor price (per barrel)        |   | $                   | 116.20 |   |          | $      | 117.05 |   |   | $ | 125.55 |   |   | $ | 125.38 |   |   | $ | 119.82 |   |
| Fair      value (in millions)                |   | $                   | (66    | )      |          | $      | (48 | ) |   | $ | (36 | ) |   | $ | (31 | ) |   | $ | (181 | ) |

|                                         |   | Quarter      Ending |   |   |          |   |
|----------------------------------------------|--------|---------------------|--------|--------|---------------|--------|
| 2010                                         |   | March      31,      |   |   | June      30, |   |   | September      30, |   |   | December      31, |   |   | Annual |   |
|                                         |   |                |   |   |          |   |   |   |   |   |   |   |   |   |   |
| WTI      Swaps                               |   |                |   |   |          |   |   |   |   |   |   |   |   |   |   |
| Barrels      hedged (in thousands)           |   |                | 1,210  |   |          |   | 1,110 |   |   |   | 1,125 |   |   |   | 1,235 |   |   |   | 4,680 |   |
| Equivalent      gallons hedged (in millions) |   |                | 50.82  |   |          |   | 46.62 |   |   |   | 47.25 |   |   |   | 51.87 |   |   |   | 196.56 |   |
| Average      swap price (per barrel)         |   | $                   | 85.05  |   |          | $      | 87.89 |   |   | $ | 87.82 |   |   | $ | 86.27 |   |   | $ | 86.71 |   |
| Fair      value (in millions)                |   | $                   | (28    | )      |          | $      | (27 | ) |   | $ | (25 | ) |   | $ | (24 | ) |   | $ | (104 | ) |
|                                         |   |                |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| WTI      Costless Collars                    |   |                |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Barrels      hedged (in thousands)           |   |                | 400    |   |          |   | 400 |   |   |   | 400 |   |   |   | 300 |   |   |   | 1,500 |   |
| Equivalent      gallons hedged (in millions) |   |                | 16.80  |   |          |   | 16.80 |   |   |   | 16.80 |   |   |   | 12.60 |   |   |   | 63.00 |   |
| Average      cap price (per barrel)          |   | $                   | 78.22  |   |          | $      | 79.80 |   |   | $ | 81.37 |   |   | $ | 82.95 |   |   | $ | 80.43 |   |
| Average      floor price (per barrel)        |   | $                   | 72.55  |   |          | $      | 74.05 |   |   | $ | 75.38 |   |   | $ | 76.87 |   |   | $ | 74.57 |   |
| Fair      value (in millions)                |   | $                   | (5     | )      |          | $      | (5 | ) |   | $ | (5 | ) |   | $ | (4 | ) |   | $ | (19 | ) |

|                                         |   | Quarter      Ending |   |   |          |   |
|----------------------------------------------|--------|---------------------|--------|--------|---------------|--------|
| 2011                                         |   | March      31,      |   |   | June      30, |   |   | September      30, |   |   | December      31, |   |   | Annual |   |
| WTI      Swaps                               |   |                |   |   |          |   |   |   |   |   |   |   |   |   |   |
| Barrels      hedged (in thousands)           |   |                | 870    |   |          |   | 880 |   |   |   | 885 |   |   |   | 935 |   |   |   | 3,570 |   |
| Equivalent      gallons hedged (in millions) |   |                | 36.54  |   |          |   | 36.96 |   |   |   | 37.17 |   |   |   | 39.27 |   |   |   | 149.94 |   |
| Average      swap price (per barrel)         |   | $                   | 87.12  |   |          | $      | 86.52 |   |   | $ | 86.80 |   |   | $ | 87.07 |   |   | $ | 86.88 |   |
| Fair      value (in millions)                |   | $                   | (17    | )      |          | $      | (15 | ) |   | $ | (15 | ) |   | $ | (15 | ) |   | $ | (62 | ) |
|                                         |   |                |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| WTI      Costless Collars                    |   |                |   |   |          |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Barrels      hedged (in thousands)           |   |                | 200    |   |          |   | 200 |   |   |   | 200 |   |   |   | 200 |   |   |   | 800 |   |
| Equivalent      gallons hedged (in millions) |   |                | 8.40   |   |          |   | 8.40 |   |   |   | 8.40 |   |   |   | 8.40 |   |   |   | 33.60 |   |
| Average      cap price (per barrel)          |   | $                   | 84.00  |   |          | $      | 84.70 |   |   | $ | 85.39 |   |   | $ | 86.10 |   |   | $ | 85.05 |   |
| Average      floor price (per barrel)        |   | $                   | 77.75  |   |          | $      | 78.40 |   |   | $ | 79.05 |   |   | $ | 79.70 |   |   | $ | 78.73 |   |
| Fair      value (in millions)                |   | $                   | (2     | )      |          | $      | (2 | ) |   | $ | (2 | ) |   | $ | (2 | ) |   | $ | (8 | ) |

----

| Year      ending December 31,                |   | 2008   |   |   | 2009   |   |   | 2010   |
|----------------------------------------------|--------|--------|--------|--------|--------|--------|--------|--------|
|                                         |   |   |   |   |   |   |   |   |
| WTI      Swaps                               |   |   |   |   |   |   |   |   |
| Barrels      hedged (in thousands)           |   |   | 1,010  |   |   |   | 370    |   |   |   | 70 |
| Equivalent      gallons hedged (in millions) |   |   | 42.42  |   |   |   | 15.54  |   |   |   | 2.94 |
| Average      swap price (per barrel)         |   | $      | 63.72  |   |   | $      | 65.08  |   |   | $ | 64.80 |
| Fair      value (in millions)                |   | $      | 29     |   |   | $      | 8      |   |   | $ | 2 |

| December      31,                          |   | 2008   |    | 2007   |
|--------------------------------------------|--------|--------|---------|--------|
|                                       |   |   |    |   |   |   |
| Unrecognized      gain on closed hedges    |   | $      | 1       |   | $ | 1 |
| Tax      effect                            |   |   | – |   |   | – |
| Unrecognized      gain in AOCL, net of tax |   | $      | 1       |   | $ | 1 |

| Year      ended December 31,                               |   | 2008   |    | 2007   |   | 2006   |
|------------------------------------------------------------|--------|--------|---------|--------|--------|--------|
|                                                       |   |   |    |   |   |   |   |   |   |
| Accounts      receivable sales fees                        |   | $      | 12      |   | $      | 19     |   | $ | 23 |
| Loss      from participation in synthetic fuel partnership |   |   | − |   |   | 5      |   |   | 9 |
| Miscellaneous,      net                                    |   |   | 6       |   |   | 7      |   |   | 7 |
|    Total                                    |   | $      | 18      |   | $      | 31     |   | $ | 39 |

----

| Year      ended December 31, |   | 2008   |   | 2007   | a      | 2006   | a      |
|------------------------------|--------|--------|--------|--------|--------|--------|--------|
| Current:                     |   |   |   |   |   |   |   |   |   |   |
| Federal                      |   | $      | 866    |   | $      | 950    |   | $ | 870 |   |
| State                        |   |   | 152    |   |   | 132    |   |   | 114 |   |
| Total current                |   |   | 1,018  |   |   | 1,082  |   |   | 984 |   |
| Deferred:                    |   |   |   |   |   |   |   |   |   |   |
| Federal                      |   |   | 382    |   |   | 248    |   |   | 316 |   |
| State                        |   |   | 38     |   |   | 54     |   |   | 14 |   |
| Total deferred               |   |   | 420    |   |   | 302    |   |   | 330 |   |
| Total                        |   | $      | 1,438  |   | $      | 1,384  |   | $ | 1,314 |   |

| a       Prior year numbers have been adjusted for the merger of BNSF Acquisition,      Inc. with and into BNSF Railway Company. See Note 1 to the Consolidated      Financial Statements for additionalinformation. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| Year      ended December 31,                        |   | 2008   |    | 2007   |   | 2006    |   |
|-----------------------------------------------------|--------|--------|---------|--------|--------|---------|--------|
|                                                |   |   |    |   |   |    |   |   |   |   |
| Federal      statutory income tax rate              |   |   | 35.0    | %      |   | 35.0    | %      |   | 35.0 | % |
| State      income taxes, net of federal tax benefit |   |   | 3.2     |   |   | 3.4     |   |   | 2.5 |   |
| Tax      law change                                 |   |   | – |   |   | – |   |   | (0.2 | ) |
| Synthetic      fuel credits                         |   |   | – |   |   | (0.1    | )      |   | (0.2 | ) |
| Other,      net                                     |   |   | (0.4    | )      |   | 0.3     |   |   | (0.1 | ) |
| Effective tax    rate                               |   |   | 37.8    | %      |   | 38.6    | %      |   | 37.0 | % |

| December      31,                                    |   | 2008   |    | 2007   | a      |
|------------------------------------------------------|--------|--------|---------|--------|--------|
| Deferred      tax liabilities:                       |   |   |    |   |   |   |   |
| Depreciation      and amortization                   |   | $      | (9,503  | )      | $      | (8,976 | ) |
| Hedging                                              |   |   | − |   |   | (22 | ) |
| Other                                                |   |   | (174    | )      |   | (179 | ) |
| Total deferred tax      liabilities                  |   |   | (9,677  | )      |   | (9,177 | ) |
| Deferred      tax assets:                            |   |   |    |   |   |   |   |
| Pension      and retiree health and welfare benefits |   |   | 431     |   |   | 184 |   |
| Casualty      and environmental                      |   |   | 409     |   |   | 328 |   |
| Compensation      and benefits                       |   |   | 178     |   |   | 145 |   |
| Hedging                                              |   |   | 167     |   |   | − |   |
| Employee      separation costs                       |   |   | 31      |   |   | 35 |   |
| Other                                                |   |   | 223     |   |   | 248 |   |
| Total deferred tax      assets                       |   |   | 1,439   |   |   | 940 |   |
| Net deferred tax      liability                      |   | $      | (8,238  | )      | $      | (8,237 | ) |
|                                                 |   |   |    |   |   |   |   |
| Non-current      deferred income tax liability       |   | $      | (8,672  | )      | $      | (8,519 | ) |
| Current      portion of deferred income taxes        |   |   | 434     |   |   | 282 |   |
| Net deferred tax      liability                      |   | $      | (8,238  | )      | $      | (8,237 | ) |

| a       Prior year numbers have been adjusted for the merger of BNSF Acquisition,      Inc. with and into BNSF Railway Company. See Note 1 to the Consolidated      Financial Statements for additionalinformation. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|                                                                      |   | 2008   |   | 2007   |   |
|---------------------------------------------------------------------------|--------|--------|--------|--------|--------|
| Beginning      balance                                                    |   | $      | 125    |   | $      | 87 |   |
| Additions      for tax positions related to current year                  |   |   | 19     |   |   | 29 |   |
| Additions      for tax positions taken in prior years                     |   |   | 9      |   |   | 12 |   |
| Additions      (reductions) for tax positions as a result of:             |   |   |   |   |   |   |   |
|             Settlements                     |   |   | 2      |   |   | – |   |
|             Lapse of statute of limitations |   |   | (5     | )      |   | (3 | ) |
| Ending balance                                                            |   | $      | 150    |   | $      | 125 |   |

----

----

| December      31,                                   |   | 2008    |   | 2007   | a        | 2008      DepreciationRates |   |
|-----------------------------------------------------|--------|---------|--------|--------|----------|-----------------------------|--------|
|                                                |   |    |   |   |     |                        |   |   |   |
| Land                                                |   |  $ | 1,751  |   | $  | 1,718                       |   | – | % |
| Track      structure                                |   | 19,108  |   | 18,037 |     | 3.3                         | %      |
| Other      roadway                                  |   | 12,922  |   | 12,370 |     | 2.6                         | %      |
| Locomotives                                         |   | 4,210   |   | 4,003  |     | 6.9                         | %      |
| Freight      cars and other equipment               |   | 2,140   |   | 2,034  |     | 5.3                         | %      |
| Computer      hardware and software                 |   | 615     |   | 572    |     | 13.1                        | %      |
| Total cost                                          |   | 40,746  |   | 38,734 |     |                        |   |
| Less      accumulated depreciation and amortization |   | (9,908  | )      | (9,174 | )        |                        |   |
|   Property and equipment,      net             |   | $       | 30,838 |   | $        | 29,560                      |   |   |   |

| a       Prior year numbers have been adjusted for the merger of BNSF      Acquisition, Inc. with and into BNSF Railway Company. See Note 1 to the      Consolidated Financial          Statements for additionalinformation. |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| December      31,                           |   | 2008   |   | 2007    | a      |
|---------------------------------------------|--------|--------|--------|---------|--------|
|                                        |   |   |   |    |   |   |   |
| Compensation      and benefits payable      |   | $      | 609    |    | $      | 568 |   |
| Accounts      payable                       |   | 346    |   | 308     |   |
| Income      tax liabilities                 |   | 286    |   | 304     |   |
| Casualty      and environmental liabilities |   | 280    |   | 246     |   |
| Rents      and leases                       |   | 276    |   | 303     |   |
| Hedge      liabilitiesb                     |   | 225    |   | − |   |
| Property      tax liabilities               |   | 157    |   | 141     |   |
| Customer      incentives                    |   | 141    |   | 145     |   |
| Other                                       |   | 794    |   | 807     |   |
| Total                                       |   | $      | 3,114  |    | $      | 2,822 |   |

| a       Prior year numbers have been adjusted for the merger of BNSF Acquisition,      Inc. with and into BNSF Railway Company. See Note 1 to the Consolidated      Financial          Statements for additional information. |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| b       2008 hedge liabilities include a reduction of $92 million for collateral      paid (see Note 3 to the Consolidated Financial Statements for additional      information). |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

| December      31,                                                                                                                                                                               |   |   | 2008a  |   |   | 2007a  |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|
|                                                                                                                                                                                            |   |   |   |   |   |   |   |   |   |   |   |
| Notes      and debentures, due 2022                                                                                                                                                             |   | $      | 200    |   | 8.8    | %      | $      | 200 |   | 8.8 | % |
| Equipment      obligations, due 2009 to 2016                                                                                                                                                    |   |   | 244    |   | 6.7    |   |   | 297 |   | 6.7 |   |
| Capitalized      lease obligations, due 2009 to 2028                                                                                                                                            |   |   | 1,281  |   | 5.3    |   |   | 938 |   | 6.3 |   |
| Mortgage      bonds, due 2009 to 2047                                                                                                                                                           |   |   | 97     |   | 6.0    |   |   | 102 |   | 6.1 |   |
| Financing      obligations, due 2009 to 2028                                                                                                                                                    |   |   | 278    |   | 6.2    |   |   | 211 |   | 6.3 |   |
| Unamortized      discount and other, net                                                                                                                                                        |   |   | (25    | )      |   |   |   | (27 | ) |   |   |
| Total                                                                                                                                                                                           |   |   | 2,075  |   |   |   |   | 1,721 |   |   |   |
| Less      current portion of long-term debt                                                                                                                                                     |   |   | (254   | )      | 6.7    | %      |   | (210 | ) | 7.2 | % |
| Long-term debt                                                                                                                                                                                  |   | $      | 1,821  |   |   |   | $      | 1,511 |   |   |   |
| a       Amounts      represent debt      outstanding and weighted average effective interest rates for 2008 and      2007, respectively. Maturities are as of December 31,      2008. |   |

|                               | December      31, 2008 |   |
|------------------------------------|------------------------|--------|
|                               |                   |   | Total      Including Capital Leases |   | Total      Excluding Capital Leases |   | Fair      Value Excluding Capital Leases |   |
|                               | Maturity      Date     |   |
|                               | 2009                   |   | 2010 |   | 2011 |   | 2012 |   | 2013 |   | Thereafter |   |
|                               |                   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Fixed-rate      debt (in millions) |                   | $      | 254 |   |   | $ | 295 |   |   | $ | 231 |   |   | $ | 151 |   |   | $ | 143 |   |   | $ | 1,001 |   |   | $ | 2,075 |   |   | $ | 794 |   |   | $ | 805 |   |
| Average      interest rate         |                   |   | 6.7 | % |   |   | 6.4 | % |   |   | 6.1 | % |   |   | 6.1 | % |   |   | 6.4 | % |   |   | 6.4 | % |   |   | 6.4 | % |   |   |   |   |   |   |   |   |

----

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | Guarantees                                 |   |                            |   |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------------------------------------|--------|---------------------------------|--------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |   | BNSF      RailwayOwnership      Percentage |   | PrincipalAmount      Guaranteed |   | MaximumFuture      Payments |   | MaximumRecourseAmount      a |   | Remaining      Term(in      years | ) | Capitalized      Obligations |   |
| Kinder      Morgan Energy Partners, L.P.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   | 0.5                                        | %      | $                               | 190    |   | $ | 190 |   | $ | – |   | Termination      of Ownership |   | $ | – |   |
| Kansas      City Terminal Intermodal Transportation Corporation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | 0.0                                        | %      | $                               | 52     |   | $ | 74 |   | $ | 74 |   | 10 |   | $ | 29 | b |
| Westside      Intermodal Transportation Corporation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | 0.0                                        | %      | $                               | 39     |   | $ | 58 |   | $ | – |   | 15 |   | $ | 30 | b |
| The      Unified Government of Wyandotte County/Kansas City, Kansas                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                             |   | 0.0                                        | %      | $                               | 12     |   | $ | 18 |   | $ | – |   | 15 |   | $ | 9 | b |
| Chevron      Phillips Chemical Company, LP                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | 0.0                                        | %      |                            | N/A    | d |   | N/A | d |   | N/A | d | 9 |   | $ | 12 | c |
| Various      lessors (Residual      value guarantees)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |   | 0.0                                        | %      |                            | N/A    |   | $ | 271 |   | $ | 271 |   | Various |   | $ | 68 | c |
| All      other                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | 0.0                                        | %      | $                               | 5      |   | $ | 5 |   | $ | 2 |   | Various |   | $ | – |   |
| a       Reflects the maximum amount the Company could recover from a third party      other than the counterparty.b       Reflects capitalized obligations that are recorded on the Company’s      Consolidated Balance Sheets.c       Reflects the FIN 45,      Guarantor's Accounting and Disclosure Requirements for Guarantees,      asset and corresponding liability for the fair value of these      guarantees.d  There      is no cap to the liability that can be sought from BNSF Railway for BNSF      Railway’s negligence or the negligence of the indemnified      party.  However, BNSF Railway could receive reimbursement from      certain insurance policies if the liability exceeds a certain      amount. |   |

----

----

| December      31,                                                                                                    |   | Capital      Leases |   | Operating      Leases | a      |
|----------------------------------------------------------------------------------------------------------------------|--------|---------------------|--------|-----------------------|--------|
|                                                                                                                 |   |                |   |                  |   |   |   |
| 2009                                                                                                                 |   | $                   | 250    |                  | $      | 620 |   |
| 2010                                                                                                                 |   |                | 282    |                  |   | 645 |   |
| 2011                                                                                                                 |   |                | 219    |                  |   | 602 |   |
| 2012                                                                                                                 |   |                | 137    |                  |   | 543 |   |
| 2013                                                                                                                 |   |                | 98     |                  |   | 519 |   |
| Thereafter                                                                                                           |   |                | 614    |                  |   | 4,051 |   |
|            Total                                                                            |   |                | 1,600  |                  | $      | 6,980 |   |
| Less      amount representing interest                                                                               |   |                | (319   | )                     |   |   |   |
|            Present value of minimum lease payments                                          |   | $                   | 1,281  |                  |   |   |   |
| a       Excludes leases having non-cancelable lease terms of less than one year      and per diem leases.  |   |

----

|                                |   | 2008   |    | 2007   |   | 2006   |   |
|-------------------------------------|--------|--------|---------|--------|--------|--------|--------|
|                                |   |   |    |   |   |   |   |   |   |   |
| Beginning      balance              |   | $      | 270     |   | $      | 306    |   | $ | 326 |   |
| Accruals                            |   |   | – |   |   | (17    | )      |   | – |   |
| Payments                            |   |   | (19     | )      |   | (19    | )      |   | (20 | ) |
| Ending balance at December      31, |   | $      | 251     |   | $      | 270    |   | $ | 306 |   |

|                                                 |   | 2008   |   | 2007   |   |
|------------------------------------------------------|--------|--------|--------|--------|--------|
|                                                 |   |   |   |   |   |   |   |
| Claims      unresolved at January 1,                 |   |   | 1,781  |   |   | 1,975 |   |
| Claims      filed                                    |   |   | 494    |   |   | 376 |   |
| Claims      settled, dismissed or otherwise resolved |   |   | (442   | )      |   | (570 | ) |
| Claims unresolved at December      31,               |   |   | 1,833  |   |   | 1,781 |   |

----

|                                |   | 2008   |   | 2007   |   | 2006   |   |
|-------------------------------------|--------|--------|--------|--------|--------|--------|--------|
|                                |   |   |   |   |   |   |   |   |   |   |
| Beginning      balance              |   | $      | 439    |   | $      | 439    |   | $ | 422 |   |
| Accruals                            |   |   | 159    |   |   | 190    |   |   | 188 |   |
| Payments                            |   |   | (156   | )      |   | (190   | )      |   | (171 | ) |
| Ending balance at December      31, |   | $      | 442    |   | $      | 439    |   | $ | 439 |   |

|                                                 |   | 2008   |   | 2007   |   |
|------------------------------------------------------|--------|--------|--------|--------|--------|
|                                                 |   |   |   |   |   |   |   |
| Claims      unresolved at January 1,                 |   |   | 3,322  |   |   | 3,130 |   |
| Claims      filed                                    |   |   | 4,313  |   |   | 3,894 |   |
| Claims      settled, dismissed or otherwise resolved |   |   | (4,286 | )      |   | (3,702 | ) |
| Claims unresolved at December      31,               |   |   | 3,349  |   |   | 3,322 |   |

----

|                                |   | 2008   |   | 2007   |   | 2006   |   |
|-------------------------------------|--------|--------|--------|--------|--------|--------|--------|
|                                |   |   |   |   |   |   |   |   |   |   |
| Beginning      balance              |   | $      | 380    |   | $      | 318    |   | $ | 370 |   |
| Accruals                            |   |   | 251    |   |   | 126    |   |   | 20 |   |
| Payments                            |   |   | (85    | )      |   | (64    | )      |   | (72 | ) |
| Ending balance at December      31, |   | $      | 546    |   | $      | 380    |   | $ | 318 |   |

----

|                                 |   | BNSF      Railway Sites |   |
|--------------------------------------|--------|-------------------------|--------|
|                                 |   | 2008                    |   |        2007 |   |
|                                 |   |                    |   |   |   |   |   |
| Number      of sites at January 1,   |   |                    | 346    |   |   | 375 |   |
| Sites      added during the period   |   |                    | 19     |   |   | 16 |   |
| Sites      closed during the period  |   |                    | (29    | ) |   | (45 | ) |
| Number of sites at December      31, |   |                    | 336    |   |   | 346 |   |

----

|                                 |   | 2008   |   | 2007   |   | 2006   |   |
|--------------------------------------|--------|--------|--------|--------|--------|--------|--------|
|                                 |   |   |   |   |   |   |   |   |   |   |
| Beginning      balance at January 1, |   | $      | 91     |   | $      | 107    |   | $ | 132 |   |
| Accruals                             |   |   | 3      |   |   | 5      |   |   | 2 |   |
| Payments                             |   |   | (15    | )      |   | (21    | )      |   | (27 | ) |
| Ending balance at December      31,  |   | $      | 79     |   | $      | 91     |   | $ | 107 |   |

----

|                                      |   | Pension      Benefits |    | Retiree      Health and Welfare Benefits |   |
|-------------------------------------------|--------|-----------------------|---------|------------------------------------------|--------|
| Year      ended December 31,              |   | 2008                  |    | 2007                                     |   | 2006 |   | 2008 |   | 2007 |   | 2006 |   |
|                                      |   |                  |    |                                     |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Service      cost                         |   | $                     | 25      |                                     | $      | 25 |   | $ | 25 |   | $ | 2 |   | $ | 2 |   | $ | 3 |   |
| Interest      cost                        |   |                  | 102     |                                     |   | 97 |   |   | 94 |   |   | 18 |   |   | 17 |   |   | 15 |   |
| Expected      return on plan assets       |   |                  | (112    | )                                        |   | (105 | ) |   | (97 | ) |   | – |   |   | – |   |   | – |   |
| Amortization      of net loss             |   |                  | 16      |                                     |   | 35 |   |   | 46 |   |   | 5 |   |   | 6 |   |   | 3 |   |
| Amortization      of prior service credit |   |                  | – |                                     |   | – |   |   | – |   |   | (8 | ) |   | (8 | ) |   | (7 | ) |
| Net cost    recognized                    |   | $                     | 31      |                                     | $      | 52 |   | $ | 68 |   | $ | 17 |   | $ | 17 |   | $ | 14 |   |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | Pension      Benefits   |    | Retiree      Health and Welfare      Benefits |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|---------|-----------------------------------------------|--------|
| Change      in Benefit Obligation                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   | December      31, 2008a |    | September      30, 2007                       |   | December      31, 2008a |   | September      30, 2007 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                    |    |                                          |   |   |   |   |   |   |   |   |   |
| Benefit      obligation at beginning of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |   | $                       | 1,763   |                                          | $      | 1,830 |   | $ | 304 |   | $ | 311 |   |
| Service      cost                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                    | 32      |                                          |   | 25 |   |   | 3 |   |   | 2 |   |
| Interest      cost                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                    | 127     |                                          |   | 97 |   |   | 22 |   |   | 17 |   |
| Plan      participants’ contributions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                    | – |                                          |   | – |   |   | 11 |   |   | 8 |   |
| Actuarial      loss (gain)                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                    | 86      |                                          |   | (59 | ) |   | (36 | ) |   | (3 | ) |
| Medicare      subsidy                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                    | – |                                          |   | – |   |   | 2 |   |   | 2 |   |
| Benefits      paid                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                    | (168    | )                                             |   | (130 | ) |   | (37 | ) |   | (33 | ) |
| Projected benefit obligation at      end of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                    | 1,840   |                                          |   | 1,763 |   |   | 269 |   |   | 304 |   |
| Component representing future      salary increases                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   |                    | (82     | )                                             |   | (57 | ) |   | – |   |   | – |   |
| Accumulated benefit obligationat      end of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                |   | $                       | 1,758   |                                          | $      | 1,706 |   | $ | 269 |   | $ | 304 |   |
| a    In      September 2006, the FASB issued SFAS No. 158, Employers’ Accounting for Defined Benefit      Pension and Other Postretirement Plans− an amendment of FASB Statements      No. 87, 88, 106 and 132R,           which prospectively eliminated the option for the Company to use a      measurement date prior to the Company’s fiscal year-end effective December      31, 2008.  The measurement date for 2008 and 2007is           December 31, and September 30, respectively. As a result, 2008 includes 15      months worth of activity.  |

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   | Pension      Benefits   |    | Retiree      Health and Welfare      Benefits |   |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------|---------|-----------------------------------------------|--------|
| Change      in Plan Assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   | December      31, 2008a |    | September      30, 2007                       |   | December      31, 2008a |   | September      30, 2007 |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                    |    |                                          |   |   |   |   |   |   |   |   |   |
| Fair      value of plan assets at beginning of period                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   | $                       | 1,588   |                                          | $      | 1,394 |   | $ | – |   | $ | – |   |
| Actual      return on plan assets                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |   |                    | (395    | )                                             |   | 208 |   |   | – |   |   | – |   |
| Employer      contribution                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |   |                    | 9       |                                          |   | 116 |   |   | 24 |   |   | 23 |   |
| Plan      participants’ contributions                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |   |                    | – |                                          |   | – |   |   | 11 |   |   | 8 |   |
| Medicare      subsidy                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              |   |                    | – |                                          |   | – |   |   | 2 |   |   | 2 |   |
| Benefits      paid                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   |                    | (168    | )                                             |   | (130 | ) |   | (37 | ) |   | (33 | ) |
| Fair value of plan assets at      measurement date                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   | $                       | 1,034   |                                          | $      | 1,588 |   | $ | – |   | $ | – |   |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                               |   |                    |    |                                          |   |   |   |   |   |   |   |   |   |
| Adjustment      for fourth quarter contribution                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |   |                    | n/a     |                                          | $      | 2 |   |   | n/a |   | $ | 5 |   |
| a    In      September 2006, the FASB issued SFAS No. 158, Employers’ Accounting for Defined Benefit      Pension and Other Postretirement Plans− an amendment of FASB Statements      No. 87, 88, 106 and 132R,           which prospectively eliminated the option for the Company to use a      measurement date prior to the Company’s fiscal year-end effective December      31, 2008.  The measurement date for 2008 and 2007is           December 31, and September 30, respectively. As a result, 2008 includes 15      months worth of activity.  |

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|                                                                |   | Pension      Benefits |   | Retiree      Health and Welfare      Benefits |   |
|---------------------------------------------------------------------|--------|-----------------------|--------|-----------------------------------------------|--------|
|                                                                |   | 2008                  |   | 2007                                          |   | 2008 |   | 2007 |   |
|                                                                |   |                  |   |                                          |   |   |   |   |   |   |   |   |   |
| Funded      status (plan assets less projected benefit obligations) |   | $                     | (806   | )                                             | $      | (173 | ) | $ | (269 | ) | $ | (299 | ) |

|                                                                                                           |   | Pension      Benefits |    | Retiree      Health andWelfare      Benefits |   |
|----------------------------------------------------------------------------------------------------------------|--------|-----------------------|---------|----------------------------------------------|--------|
| Change      in AOCL                                                                                            |   | 2008                  |    | 2007                                         |   | 2006 |   | 2008 |   | 2007 |   | 2006 |   |
|                                                                                                           |   |                  |    |                                         |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance      at January 1,                                                                                     |   | $                     | 233     |                                         | $      | 429 |   | $ | 417 |   | $ | 46 |   | $ | 48 |   | $ | – |   |
| Decrease      in minimum liability included in other comprehensive loss prior to      adoption of SFAS No. 158 |   |                  | – |                                         |   | – |   |   | (64 | ) |   | – |   |   | – |   |   | – |   |
| SFAS      No. 158 adoption adjustment                                                                          |   |                  | – |                                         |   | – |   |   | 76 |   |   | – |   |   | – |   |   | 48 |   |
| SFAS      No. 158 measurement date adjustment                                                                  |   |                  | (4      | )                                            |   | – |   |   | – |   |   | 1 |   |   | – |   |   | – |   |
| Amortization      of actuarial loss                                                                            |   |                  | (16     | )                                            |   | (35 | ) |   | – |   |   | (5 | ) |   | (6 | ) |   | – |   |
| Amortization      of prior service credit                                                                      |   |                  | – |                                         |   | – |   |   | – |   |   | 8 |   |   | 8 |   |   | – |   |
| Actuarial      loss (gain)                                                                                     |   |                  | 621     |                                         |   | (161 | ) |   | – |   |   | (36 | ) |   | (4 | ) |   | – |   |
| Balance at December      31,                                                                                   |   | $                     | 834     |                                         | $      | 233 |   | $ | 429 |   | $ | 14 |   | $ | 46 |   | $ | 48 |   |

|                                                     |   | Pension      Benefits |    | Retiree      Health and Welfare      Benefits |   |
|----------------------------------------------------------|--------|-----------------------|---------|----------------------------------------------------|--------|
|                                                     |   | 2008                  |    | 2007                                               |   | 2008 |   | 2007 |   |
|                                                     |   |                  |    |                                               |   |   |   |   |   |   |   |   |   |
| Net      actuarial loss                                  |   | $                     | 834     |                                               | $      | 234 |   | $ | 26 |   | $ | 67 |   |
| Prior      service credit                                |   |                  | − |                                               |   | (1 | ) |   | (12 | ) |   | (21 | ) |
| Pre-tax amount recognized in      AOCL at December 31,   |   |                  | 834     |                                               |   | 233 |   |   | 14 |   |   | 46 |   |
| After-tax amount recognized in      AOCL at December 31, |   | $                     | 515     |                                               | $      | 143 |   | $ | 9 |   | $ | 28 |   |

| Assumptions      Used to Determine Net Costfor      Fiscal Years Ended December 31, |   | Pension      Benefits |   | Retiree      Health and Welfare Benefits |   |
|-------------------------------------------------------------------------------------|--------|-----------------------|--------|------------------------------------------|--------|
|                                                                                | 2008   |                  | 2007   |                                     | 2006   |   | 2008 |   | 2007 |   | 2006 |   |
|                                                                                |   |                  |   |                                     |   |   |   |   |   |   |   |   |   |
| Discount      rate                                                                  |   | 6.00                  | %      | 5.50                                     | %      | 5.25 | % | 6.00 | % | 5.50 | % | 5.25 | % |
| Expected      long-term rate of return on plan assets                               |   | 8.00                  | %      | 8.00                                     | %      | 8.00 | % | – | % | – | % | – | % |
| Rate      of compensation increase                                                  |   | 3.80                  | %      | 3.90                                     | %      | 3.90 | % | 3.80 | % | 3.90 | % | 3.90 | % |

----

| Assumptions      Used to Determine BenefitObligations      at the Measurement Date | Pension      Benefits |                    | Retiree      Health and Welfare      Benefits |                   |
|------------------------------------------------------------------------------------|-----------------------|-------------------------|-----------------------------------------------|------------------------|
| December      31, 2008                                                             |                  | September      30, 2007 |                                          | December      31, 2008 |   | September      30, 2007 |   |
|                                                                               |                  |                    |                                          |                   |   |   |   |   |   |   |   |   |
| Discount      rate                                                                 |                  | 5.75                    | %                                             |                   | 6.00 | % |   | 5.75 | % |   | 6.00 | % |
| Rate      of compensation increase                                                 |                  | 3.80                    | %                                             |                   | 3.80 | % |   | 3.80 | % |   | 3.80 | % |

| December      31,                                                                     |   | 2008   |   | 2007   |   |        2006 |   |
|---------------------------------------------------------------------------------------|--------|--------|--------|--------|--------|------------------|--------|
|                                                                                  |   |   |   |   |   |             |   |   |   |   |
| Assumed      health care cost trend rate for next year                                |   |   | 9.75   | %      |   | 10.50            | %      |   | 10.00 | % |
| Rate      to which health care cost trend rate is expected to decline and      remain |   |   | 5.00   | %      |   | 5.00             | %      |   | 5.00 | % |
| Year      that the rate reaches the ultimate trend rate                               |   |   | 2016   |   |   | 2016             |   |   | 2012 |   |

|                                             |   | One      Percentage-Point      Increase |   | One      Percentage-Point      Decrease |   |
|--------------------------------------------------|--------|-----------------------------------------|--------|-----------------------------------------|--------|
|                                             |   |                                    |   |                                    |   |   |   |
| Effect      on total service and interest cost   |   | $                                       | 2      |                                    | $      | (1 | ) |
| Effect      on postretirement benefit obligation |   | $                                       | 20     |                                    | $      | (17 | ) |

|                         |   | Target      Allocation |               | Percentage      of Pension Plan      Assets |   |
|------------------------------|--------|------------------------|--------------------|---------------------------------------------|--------|
| Plan      Asset Allocation   |   | 2008                   |               | December      31, 2008                      |   | September      30, 2007 |   |
|                         |   |                   |               |                                        |   |   |   |   |   |   |
| Equity      Securities       |   |                   | 45      – 75 | %                                           |   | 55 | % |   | 63 | % |
| Fixed      Income Securities |   |                   | 20      – 40 | %                                           |   | 30 |   |   | 27 |   |
| Real      Estate             |   |                   | 5      – 15  | %                                           |   | 15 |   |   | 10 |   |
| Total                        |   |                   |               |                                        |   | 100 | % |   | 100 | % |

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| Fiscal      year                                                                                                                                                                  |   | ExpectedPensionPlan      Benefit Payments | a      | Expected Retiree      Health and      Welfare Payments |   | ExpectedMedicareSubsidy |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------|--------|------------------------------------------------------------------|--------|-------------------------|--------|
|                                                                                                                                                                              |   |                                      |   |                                                             |   |                    |   |   |   |   |
| 2009                                                                                                                                                                              |   | $                                         | 135    |                                                             | $      | 24                      |   | $ |  (3 | ) |
| 2010                                                                                                                                                                              |   |                                      | 135    |                                                             |   | 25                      |   |   |  (3 | ) |
| 2011                                                                                                                                                                              |   |                                      | 135    |                                                             |   | 26                      |   |   |  (3 | ) |
| 2012                                                                                                                                                                              |   |                                      | 135    |                                                             |   | 26                      |   |   |  (4 | ) |
| 2013                                                                                                                                                                              |   |                                      | 136    |                                                             |   | 26                      |   |   |  (4 | ) |
| 2014–2018                                                                                                                                                                   |   |                                      | 679    |                                                             |   | 127                     |   |   |  (22 | ) |
| a       Primarily consists of the BNSF Retirement Plan payments, which are made      from the plan trust and do not represent an immediate cash outflow to the      Company. |   |

----

| Year      ended December 31,                                |   | 2008   |   | 2007   |   | 2006   |   |
|-------------------------------------------------------------|--------|--------|--------|--------|--------|--------|--------|
|                                                        |   |   |   |   |   |   |   |   |   |   |
| Weighted      average expected life (years)                 |   |   | 4.7    |   |   | 4.6    |   |   | 4.5 |   |
| Weighted      average expected volatility                   |   |   | 24.0   | %      |   | 24.0   | %      |   | 24.0 | % |
| Weighted      average expected dividend yield               |   |   | 1.50   | %      |   | 1.15   | %      |   | 1.01 | % |
| Weighted      average risk free interest rate               |   |   | 3.09   | %      |   | 4.31   | %      |   | 4.76 | % |
| Weighted      average fair value per share at date of grant |   | $      | 22.92  |   | $      | 21.91  |   | $ | 20.51 |   |

----

| Year      ended December 31, 2008    |   | Options |   | Weighted      Average Exercise Prices |   | Weighted      Average Remaining Contractual Term(in      years) |   | Aggregate      Intrinsic Value |
|--------------------------------------|--------|---------|--------|---------------------------------------|--------|-----------------------------------------------------------------|--------|--------------------------------|
|                                 |   |    |   |                                  |   |                                                            |   |                           |   |   |   |
| Balance      at beginning of year    |   |    | 11,344 |                                  | $      | 48.22                                                           |   |                           |   |   |   |
| Granted                              |   |    | 1,795  |                                  |   | 105.06                                                          |   |                           |   |   |   |
| Exercised                            |   |    | (3,319 | )                                     |   | 35.34                                                           |   |                           |   |   |   |
| Cancelled                            |   |    | (152   | )                                     |   | 64.17                                                           |   |                           |   |   |   |
| Balance at end of      year          |   |    | 9,668  |                                  | $      | 62.95                                                           |   | 5.63                           |   | $ | 201 |
|                                 |   |    |   |                                  |   |                                                            |   |                           |   |   |   |
| Options      exercisable at year end |   |    | 6,880  |                                  | $      | 49.30                                                           |   | 4.38                           |   | $ | 201 |

| Year      endedDecember      31, 2008  |   | Time      Based |   | Performance      Based      Units |   | Performance Stock |   | BNSF      Incentive Bonus Stock Program |   | BNSF      Discounted Stock Purchase Program |   | Total  |
|----------------------------------------|--------|-----------------|--------|-----------------------------------|--------|------------------------|--------|-----------------------------------------|--------|---------------------------------------------|--------|--------|
|                                   |   |            |   |                              |   |                   |   |                                    |   |                                        |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |   |
| Balance      at beginning      of year |   |            | 718    |                              | $      | 61.83                  |   |                                    | 1,016  |                                        | $      | 75.97  |   |   | 723 |   | $ | 72.25 |   |   | 639 |   | $ | 50.98 |   |   | 51 |   | $ | 59.73 |   |   | 3,147 |   | $ | 66.55 |
| Granted                                |   |            | 59     |                              |   | 102.06                 |   |                                    | 355    |                                        |   | 105.23 |   |   | 178 |   |   | 100.13 |   |   | − |   |   | − |   |   | 2 |   |   | 86.56 |   |   | 594 |   |   | 103.31 |
| Vested                                 |   |            | (307   | )                                 |   | 47.02                  |   |                                    | (282   | )                                           |   | 49.21  |   |   | (143 | ) |   | 49.21 |   |   | (575 | ) |   | 47.58 |   |   | (33 | ) |   | 48.26 |   |   | (1,340 | ) |   | 47.98 |
| Forfeited                              |   |            | (13    | )                                 |   | 78.24                  |   |                                    | (33    | )                                           |   | 92.02  |   |   | (146 | ) |   | 57.53 |   |   | − |   |   | − |   |   | − |   |   | − |   |   | (192 | ) |   | 64.90 |
| Balance at end of      year            |   |            | 457    |                              | $      | 76.49                  |   |                                    | 1,056  |                                        | $      | 92.48  |   |   | 612 |   | $ | 89.24 |   |   | 64 |   | $ | 81.31 |   |   | 20 |   | $ | 81.34 |   |   | 2,209 |   | $ | 87.84 |

| Grant      Date Fair Market Value of Awards Granted |   | Time      Based |   | Performance      Based      Units |   | PerformanceStock |   | BNSF      Incentive Bonus Stock Program |   | BNSF      Discounted Stock Purchase Program |
|-----------------------------------------------------|--------|-----------------|--------|-----------------------------------|--------|------------------|--------|-----------------------------------------|--------|---------------------------------------------|
|                                                |   |            |   |                              |   |             |   |                                    |   |                                        |   |   |   |   |   |
| Year      ended December 31, 2007                   |   | $               | 86.38  |                              | $      | 88.80            |   | $                                       | 88.77  |                                        | $ | − |   | $ | 79.28 |
| Year      ended December 31, 2006                   |   | $               | 79.88  |                              | $      | 80.17            |   | $                                       | 80.17  |                                        | $ | 81.31 |   | $ | 81.31 |

| Total      Fair Value of Shares Vested(in      millions) | Time      Based |   | Performance      Based      Units |   | PerformanceStock |   | BNSF      Incentive Bonus Stock Program |    | BNSF      Discounted Stock Purchase Program |   | Total  |
|----------------------------------------------------------|-----------------|--------|-----------------------------------|--------|------------------|--------|-----------------------------------------|---------|---------------------------------------------|--------|--------|
|                                                     |            |   |                              |   |             |   |                                    |    |                                        |   |   |   |   |   |   |   |   |
| Year      ended December 31, 2008                        | $               | 31     |                              | $      | 30               |   | $                                       | 15      |                                        | $      | 51     |   | $ | 1 |   | $ | 128 |
| Year      ended December 31, 2007                        | $               | 49     |                              | $      | 21               |   | $                                       | – |                                        | $      | 18     |   | $ | 1 |   | $ | 89 |
| Year      ended December 31, 2006                        | $               | 42     |                              | $      | –          |   | $                                       | – |                                        | $      | 25     |   | $ | 1 |   | $ | 68 |

----

|                               |   | 2008   |   | 2007   |   | 2006   |   |
|------------------------------------|--------|--------|--------|--------|--------|--------|--------|
|                               |   |   |   |   |   |   |   |   |   |   |
| Compensation      cost             |   | $      | 69     |   | $      | 66     |   | $ | 72 |   |
| Income      tax benefit            |   |   | (25    | )      |   | (23    | )      |   | (25 | ) |
| Total                              |   | $      | 44     |   | $      | 43     |   | $ | 47 |   |
|                               |   |   |   |   |   |   |   |   |   |   |
| Compensation      cost capitalized |   | $      | 6      |   | $      | 7      |   | $ | 6 |   |

| Dollars      in millions                                                                                                                                                                                                        |   | Fourth  |   | Third  |   | Second |   | First  |
|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|--------------|--------|--------|--------|--------|--------|--------|
|                                                                                                                                                                                                                            |   |         |   |   |   |   |   |   |   |   |   |   |
| 2008                                                                                                                                                                                                                            |   |         |   |   |   |   |   |   |   |   |   |   |
| Revenues                                                                                                                                                                                                                        |   | $            | 4,319  |   | $      | 4,837  |   | $      | 4,420 |   | $ | 4,211 |
| Operating      income                                                                                                                                                                                                           |   | $            | 1,106  |   | $      | 1,197  |   | $      | 711 |   | $ | 882 |
| Net      income                                                                                                                                                                                                                 |   | $            | 659    |   | $      | 759    |   | $      | 417 |   | $ | 527 |
|                                                                                                                                                                                                                            |   |         |   |   |   |   |   |   |   |   |   |   |
| 2007a                                                                                                                                                                                                                           |   |         |   |   |   |   |   |   |   |   |   |   |
| Revenues                                                                                                                                                                                                                        |   | $            | 4,195  |   | $      | 4,016  |   | $      | 3,797 |   | $ | 3,602 |
| Operating      income                                                                                                                                                                                                           |   | $            | 948    |   | $      | 1,010  |   | $      | 848 |   | $ | 704 |
| Net      income                                                                                                                                                                                                                 |   | $            | 590    |   | $      | 633    |   | $      | 531 |   | $ | 445 |
| a       Prior year numbers have been adjusted for the merger of BNSF      Acquisition, Inc. with and into BNSF Railway Company. See Note 1 to the      Consolidated Financial Statements for additional information.  |

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Item 

Item 

Item 

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Part

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Item 

----

PartIV

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Item15.Exhibitsand Financial StatementSchedules

| (a)  | The      following documents are filed as part of this  report: |
|-----------|-----------------------------------------------------------------|

|   | 1.       | Consolidated      Financial Statements—see Item 8.                                                                                                                              |
|--------|----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|   |     |                                                                                                                                                                                       |
|   |     | Schedules      are omitted because they are not required or applicable, or the required      information is included in the Consolidated Financial Statements or      related notes.  |
|   |     |                                                                                                                                                                                       |
|   | 2.  | Exhibits:                                                                                                                                                                             |
|   |     |                                                                                                                                                                                       |
|   |     | See      Index to Exhibits beginning on page E-1 for a description of the exhibits      filed as a part of this Report on Form10-K.                                                   |

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Signatures 

----

|                          | BNSF      Railway Company |
|-------------------------------|---------------------------|
|                | By:                  | /s/      Matthew K. Rose  |   |
| Dated:      February 13, 2009 |                      | Matthew      K. Rose |   |
|                          |                      | Chairman,      President and Chief |   |
|                          |                      | Executive      Officer |   |

| Signature                      | Title                                                      |
|-------------------------------------|-----------------------------------------------------------------|
|                                |                                                            |
| /s/ Matthew K.    Rose         | Chairman, President      and Chief Executive Officer       |
| Matthew K.      Rose           | (Principal Executive      Officer), and Director           |
|                                |                                                            |
| /s/ Thomas N.    Hund          | Executive Vice      President and Chief Financial Officer  |
| Thomas N.      Hund            | (Principal Financial      Officer), and Director           |
|                                |                                                            |
| /s/ Paul W.    Bischler        | Vice President and      Controller                         |
| Paul      W. Bischler               | (Principal      Accounting Officer)                        |
|                                |                                                            |
| /s/ Carl R. Ice                | Director                                                   |
| Carl R.      Ice               |                                                            |
|                                |                                                            |
| /s/ John P. Lanigan,      Jr.  | Director                                              |
| John P. Lanigan,      Jr.      |                                                            |
|                                |                                                            |
| /s/ Roger Nober                | Director                                              |
| Roger      Nober               |                                                            |
|                                |                                                            |

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BNSF 

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|  Exhibit      Number and Description |   | Incorporated      by Reference(if      applicable)                                                                  |
|-------------------------------------------|--------|---------------------------------------------------------------------------------------------------------------------|
|                                      |   |                                                                                                                |   | Form | File      Date | File      No. | Exhibit |
|                                      |   |                                                                                                                |   |   |   |   |   |
| 3.1                                       |   | Restated      Certificate of Incorporation of BNSF Railway Company, dated January 17,      2005.                    |   | 10-Q | 7/26/2005 | 001-06324 | 3.1 |
|                                      |   |                                                                                                                |   |   |   |   |   |
| 3.2                                       |   | By-Laws      of BNSF Railway Company, as amended August 30, 2005.                                                   |   | 10-Q | 10/25/2005 | 001-06324 | 3.1 |
|                                      |   |                                                                                                                |   |   |   |   |   |
| 12.1                                      |   | Computation of Ratio of Earnings to Fixed      Charges.*                                                            |   |   |   |   |   |
|                                      |   |                                                                                                                |   |   |   |   |   |
| 31.1                                      |   | Principal Executive Officer’s Certifications Pursuant to      Section 302 of the Sarbanes-Oxley Act of 2002.* |   |   |   |   |   |
|                                      |   |                                                                                                                |   |   |   |   |   |
| 31.2                                      |   | Principal Financial Officer’s Certifications Pursuant to      Section 302 of the Sarbanes-Oxley Act of 2002.* |   |   |   |   |   |
|                                      |   |                                                                                                                |   |   |   |   |   |
| 32.1                                      |   | Certification Pursuant to 18 U.S.C. § 1350 (Section 906      of the Sarbanes-Oxley Act of 2002).*              |   |   |   |   |   |
|                                      |   |                                                                                                                |   |   |   |   |
| *Filed      herewith                 |   |                                                                                                                |   |   |   |   |

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