Exhibit 12.1



Burlington Northern Santa Fe Corporation and Subsidiaries Computation of Ratio of Earnings to Fixed Charges

(in millions, except ratio amounts)

(Unaudited)



|                                                                                      |  |                         |       |   |      |   |       |      |  |   |       |   |  |      |       |   |  |   |       |  
|------------------------------------------------------------------------------------- |  | ----------------------- | ----- | - | ---- | - | ----- | ---- |  | - | ----- | - |  | ---- | ----- | - |  | - | ----- | -
|                                                                                      |  | Year Ended December 31, |      
|                                                                                      |  | 2004                    |       |   | 2003 |   |       | 2002 |  |   | 2001  |   |  | 2000 |      
|Earnings:                                                                             |  |                         |       |   |      |   |       |      |  |   |       |   |  |      |       |   |  |   |       |  
|Income before income taxes and cumulative effect of accounting change                 |  | $                       | 1,273 |   |      | $ | 1,231 |      |  | $ | 1,216 |   |  | $    | 1,173 |   |  | $ | 1,585 |  
|Add:                                                                                  |  |                         |       |   |      |   |       |      |  |   |       |   |  |      |       |   |  |   |       |  
|Interest and fixed charges, excluding capitalized interest                            |  |                         | 409   |   |      |   | 420   |      |  |   | 428   |   |  |      | 463   |   |  |   | 453   |  
|Portion of rent under long-term operating leases representative of an interest factor |  |                         | 195   |   |      |   | 182   |      |  |   | 178   |   |  |      | 173   |   |  |   | 167   |  
|Distributed income of investees accounted for under the equity method                 |  |                         | 4     |   |      |   | 3     |      |  |   | 3     |   |  |      | 5     |   |  |   | 46    |  
|Amortization of capitalized interest                                                  |  |                         | 8     |   |      |   | 8     |      |  |   | 8     |   |  |      | 7     |   |  |   | 6     |  
|Less:                                                                                 |  |                         |       |   |      |   |       |      |  |   |       |   |  |      |       |   |  |   |       |  
|Undistributed equity in earnings of investments accounted for under the equity method |  |                         | 9     |   |      |   | 14    |      |  |   | 17    |   |  |      | 23    |   |  |   | 18    |  
|                                                                                      |  |                         |       |   |      |   |       |      |  |   |       |   |  |      |       |   |  |   |       |  
|Total earnings available for fixed charges                                            |  | $                       | 1,880 |   |      | $ | 1,830 |      |  | $ | 1,816 |   |  | $    | 1,798 |   |  | $ | 2,239 |  
|                                                                                      |  |                         |       |   |      |   |       |      |  |   |       |   |  |      |       |   |  |   |       |  
|Fixed charges:                                                                        |  |                         |       |   |      |   |       |      |  |   |       |   |  |      |       |   |  |   |       |  
|                                                                                      |  |                         |       |   |     
|Interest and fixed charges                                                            |  | $                       | 419   |   |      | $ | 429   |      |  | $ | 441   |   |  | $    | 477   |   |  | $ | 481   |  
|Portion of rent under long-term operating leases representative of an interest factor |  |                         | 195   |   |      |   | 182   |      |  |   | 178   |   |  |      | 173   |   |  |   | 167   |  
|                                                                                      |  |                         |       |   |      |   |       |      |  |   |       |   |  |      |       |   |  |   |       |  
|Total fixed charges                                                                   |  | $                       | 614   |   |      | $ | 611   |      |  | $ | 619   |   |  | $    | 650   |   |  | $ | 648   |  
|                                                                                      |  |                         |       |   |      |   |       |      |  |   |       |   |  |      |       |   |  |   |       |  
|Ratio of earnings to fixed charges                                                    |  |                         | 3.06  | x |      |   | 3.00  | x    |  |   | 2.93  | x |  |      | 2.77  | x |  |   | 3.46  | x
|                                                                                      |  |                         |       |   |      |   |       |      |  |   |       |   |  |      |       |   |  |   |       |  



E-8