<PAGE> 1

AETNA LIFE AND CASUALTY COMPANY AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND RATIO OF 
EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

<TABLE>

<CAPTION>

(Millions)                           1995           1994           1993        1992        1991
                                     ____           ____           ____        ____        ____

<S>                                  <C>            <C>            <C>         <C>         <C>

Pretax income (loss) from
 continuing operations               $   726.2      $   627.5     $(1,014.7)  $   145.5   $   (97.9)

Add back fixed charges                   187.0          170.8         154.7       171.5       200.5
Minority interest                         16.1           11.4           7.0         8.6         5.9
                                     _________      _________     _________   _________   _________
   Income (loss) as adjusted         $   929.3      $   809.7     $  (853.0)  $   325.6   $   108.5
                                     _________      _________     _________   _________   _________
                                     _________      _________     _________   _________   _________
Fixed charges:
  Interest on indebtedness           $   115.9 (1)  $    98.6 (1) $    77.4   $    81.4   $   110.9
  Portion of rents representative
   of interest factor                     71.1           72.2          77.3        90.1        89.6
                                     _________      _________     _________   _________   _________

   Total fixed charges               $   187.0      $   170.8     $   154.7   $   171.5   $   200.5
                                     _________      _________     _________   _________   _________
                                     _________      _________     _________   _________   _________

Preferred stock dividend
 requirements                                -              -             -           -           -
                                     _________      _________     _________   _________   _________

Total combined fixed charges
 and preferred stock dividend
 requirements                        $   187.0      $   170.8     $   154.7   $   171.5   $   200.5
                                     _________      _________     _________   _________   _________
                                     _________      _________     _________   _________   _________

Ratio of earnings to fixed
 charges                                  4.97           4.74         (5.51)       1.90         .54
                                     _________      _________     _________   _________   _________
                                     _________      _________     _________   _________   _________

Ratio of earnings to combined
 fixed charges and preferred
 stock dividends                          4.97           4.74         (5.51)       1.90         .54
                                     _________      _________     _________   _________   _________
                                     _________      _________     _________   _________   _________

<FN>

(1) Includes the dividends paid to preferred shareholders of a subsidiary.  (See Note 11 
    of Notes to Financial Statements in the 1995 Annual Report to Shareholders.)

</TABLE>