Main Place Funding, LLC

Exhibit 12. Ratio of Earnings to Fixed Charges

(Dollars in Thousands)



|                                                             |  | Three Months Ended March 31, 2003 |        | Year Ended December 31, 2002 |   | Year Ended December 31, 2001 |  | Year Ended December 31, 2000 |         | Year Ended December 31, 1999 |   | Year Ended December 31, 1998
|------------------------------------------------------------ |  | --------------------------------- | ------ | ---------------------------- | - | ---------------------------- |  | ---------------------------- | ------- | ---------------------------- | - | ----------------------------
|Income before taxes                                          |  | $                                 | 33,929 |                              | $ | 403,519                      |  | $                            | 808,855 |                              | $ | 911,225                     
|Fixed charges:                                               |  |                                   |        |                              |   |                              |  |                              |         |                              |   |                             
|Interest expense                                             |  |                                   |       |                              |   | 20,450                       |  |                              | 138,630 |                              |   | 339,016                     
|Amortization of debt discount and appropriate issuance costs |  |                                   |       |                              |   | 675                          |  |                              | 2,036   |                              |   | 2,962                       
|                                                             |  |                                   |        |                              |   |                              |  |                              |         |                              |   |                             
|Total fixed charges                                          |  |                                   |       |                              |   | 21,125                       |  |                              | 140,666 |                              |   | 341,978                     
|Earnings before fixed charges                                |  | $                                 | 33,929 |                              | $ | 424,644                      |  | $                            | 949,521 |                              | $ | 1,253,203                   
|                                                             |  |                                   |        |                              |   |                              |  |                              |         |                              |   |                             
|Fixed charges                                                |  | $                                 |       |                              | $ | 21,125                       |  | $                            | 140,666 |                              | $ | 341,978                     
|                                                             |  |                                   |        |                              |   |                              |  |                              |         |                              |   |                             
|Ratio of Earnings to Fixed Charges                           |  |                                   | 0.00   |                              |   | 20.10                        |  |                              | 6.75    |                              |   | 3.66