OLD KENT FINANCIAL CORPORATION
Ratio of Earnings to Fixed Charges



|                                    |      |                                 |                                   | Nine Months Ended             |          |                         |          |          |          |          |          |          |          |         
|----------------------------------- | ---- | ------------------------------- | --------------------------------- | ----------------------------- | -------- | ----------------------- | -------- | -------- | -------- | -------- | -------- | -------- | -------- | --------
|                                    |      |                                 |                                   | September 30                  |          | Years Ended December 31
|                                    |      |                                 |                                   |                               |          |                         |          |          |          |          |          |          |          |         
|                                    |      |                                 |                                   | (dollar amounts in thousands)
|                                    |      |                                 |                                   |                               |          |                         |          |          |          |          |          |          |          |         
|                                    |      |                                 |                                   | 1999                          |          | 1998                    |          | 1998     |          | 1997     |          | 1996     |          | 1995    
|Earnings:                           |      |                                 |                                   |                               |          |                         |          |          |          |          |          |          |         
|                                    |      |                                 |                                   |                               |          |                         |          |          |          |          |          |          |          |         
|                                    |      | Income before income
taxes      | $282,038                          |                               | $277,028 |                         | $343,694 |          | $341,843 |          | $287,089 |          | $266,780 |         
|                                    |      | Fixed charges                   | 95,718                            |                               | 104,268  |                         | 137,875  |          | 116,581  |          | 84,180   |          | 82,541   |         
|                                    |      |                                 |                                   |                               |          |                         |          |          |          |          |          |          |          |         
|                                    |      |                                 |                                   | $377,756                      |          | $381,296                |          | $481,569 |          | $458,424 |          | $371,269 |          | $349,321
|                                    |      |                                 |                                   |                               |          |                         |          |          |          |          |          |          |          |         
|Fixed charges:                      |      |                                 |                                   |                               |          |                         |          |          |          |          |          |          |         
|                                    |      |                                 |                                   |                               |          |                         |          |          |          |          |          |          |          |         
|                                    |      | Interest expense                |                                   |                               |          |                         |          |          |          |          |          |          |          |         
|                                    |      |                                 | (other than interest on deposits) | $95,718                       |          | $104,268                |          | $137,875 |          | $116,581 |          | $84,180  |          | $82,541 
|                                    |      | Interest factor in
rent expense | --                                |                               | --       |                         | --       |          | --       |          | --       |          | --       |         
|                                    |      |                                 |                                   |                               |          |                         |          |          |          |          |          |          |          |         
|                                    |      |                                 |                                   | $95,718                       |          | $104,268                |          | $137,875 |          | $116,581 |          | $84,180  |          | $82,541 
|                                    |      |                                 |                                   |                               |          |                         |          |          |          |          |          |          |          |         
|Ratio of earnings
to fixed charges, |      |                                 |                                   |                               |          |                         |          |          |          |          |          |          |         
|excluding interest
on deposits      | 3.95 |                                 | 3.66                              |                               | 3.49     |                         | 3.93     |          | 4.41     |          | 4.23     |          | 7.03    
|                                    |      |                                 |                                   |                               |          |                         |          |          |          |          |          |          |          |         
|Including Interest
on Deposits      |      |                                 |                                   |                               |          |                         |          |          |          |          |          |          |         
|                                    |      |                                 |                                   |                               |          |                         |          |          |          |          |          |          |          |         
|Earnings:                           |      |                                 |                                   |                               |          |                         |          |          |          |          |          |          |         
|                                    |      |                                 |                                   |                               |          |                         |          |          |          |          |          |          |          |         
|                                    |      | Income before income
taxes      | $282,038                          |                               | $277,028 |                         | $343,694 |          | $341,843 |          | $287,089 |          | $266,780 |         
|                                    |      | Fixed charges                   | 449,675                           |                               | 481,552  |                         | 639,747  |          | 635,732  |          | 582,177  |          | 555,797  |         
|                                    |      |                                 |                                   |                               |          |                         |          |          |          |          |          |          |          |         
|                                    |      |                                 |                                   | $731,714                      |          | $758,579                |          | $983,441 |          | $978,173 |          | $869,266 |          | $822,577
|                                    |      |                                 |                                   |                               |          |                         |          |          |          |          |          |          |          |         
|Fixed charges:                      |      |                                 |                                   |                               |          |                         |          |          |          |          |          |          |         
|                                    |      |                                 |                                   |                               |          |                         |          |          |          |          |          |          |          |         
|                                    |      | Interest expense                | $449,675                          |                               | $481,552 |                         | $639,747 |          | $636,330 |          | $582,177 |          | $555,797 |         
|                                    |      | Interest factor in
rent expense | --                                |                               | --       |                         | --       |          | --       |          | --       |          | --       |         
|                                    |      |                                 |                                   |                               |          |                         |          |          |          |          |          |          |          |         
|                                    |      |                                 |                                   | $449,675                      |          | $481,552                |          | $639,747 |          | $636,330 |          | $582,177 |          | $555,797
|                                    |      |                                 |                                   |                               |          |                         |          |          |          |          |          |          |          |         
|Ratio of earnings
to fixed charges, |      |                                 |                                   |                               |          |                         |          |          |          |          |          |          |         
|including interest
on deposits      | 1.63 |                                 | 1.58                              |                               | 1.54     |                         | 1.54     |          | 1.57     |          | 1.66     |          | 1.65    

The Corporation has no preferred stock outstanding during
any period presented. Accordingly, its ratio of earnings to combined fixed
charges and preferred stock dividends is the same as its ratio of earnings
to fixed charges.