BURLINGTON NORTHERN RAILROAD CO
8-K, 1996-07-22
RAILROADS, LINE-HAUL OPERATING
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                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, DC   20549

                                   FORM 8-K

                                CURRENT REPORT



     Pursuant to Section 13 or 15 (d) of the Securities Exchange Act of 1934

     Date of Report (Date of earliest event reported):  July 22, 1996



                     BURLINGTON NORTHERN RAILROAD COMPANY

            (Exact name of registrant as specified in its charter)



Delaware                         1-6324                41-6034000

(State of other jurisdiction    (Commission            (IRS Employer
of incorporation)                File Number)           Identification No.)



               3800 Continental Plaza
               777 Main Street
               Fort Worth, Texas                         76102-5384


          (Address of principal executive offices)       (Zip Code)


     Registrant's telephone number, including area code:  (817) 333-2000


                                Not Applicable

        (Former name or former address, if changed since last report)



<PAGE>




Item 5.          Other Events

Attached as Exhibit 12.1 is a statement regarding computation of ratio of
earnings to fixed charges for the year ended December 31, 1995 and for the
three months ended March 31, 1996.



<PAGE>


Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.



                                   Burlington Northern Railroad Company
                                   (Registrant)



                                   By:  /s/ T. N. Hund

                                   Thomas N. Hund
                                   Vice President and Controller
                                   (On behalf of the Registrant and as
                                     Principal Accounting Officer)









Schaumburg, Illinois
July 22, 1996


<PAGE>




                     BURLINGTON NORTHERN RAILROAD COMPANY

                              INDEX OF EXHIBITS




Exhibit 12.1          Computation of ratio of earnings to fixed charges







                                     E-1



                                                                  EXHIBIT 12.1
<TABLE>
<CAPTION>

                       BURLINGTON NORTHERN RAILROAD COMPANY
                 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                        (IN MILLIONS, EXCEPT RATIO AMOUNTS)
                                    (UNAUDITED)


  
                                                             Three Months
                                               Year Ended        Ended
                                              December 31,     March 31,
                                                 1995            1996
                                              ----------      ----------
Earnings:
<S>                                             <C>             <C> 

   Pre-tax income                               $  358          $ 237

Add:
   Interest and fixed charges,
      excluding capitalized interest                86             15
     

   Portion of rent under long-term
      operating leases representative
      of an interest factor                        141             36

Less:  Undistributed equity in earnings
          of investments accounted for
          under the equity method                    1              1
                                                -------        -------

  Total earnings available for fixed charges    $  584         $  287
                                                =======        =======


Fixed charges:

     Interest and fixed charges                 $   86         $   15

     Capitalized interest                            1              -

     Portion of rent under long-term
        operating leases representative
        of an interest factor                      141             36
                                                -------        -------
   Total fixed charges                          $  228         $   51
                                                =======        =======

Ratio of earnings to fixed charges               2.56x          5.63x
                                                =======        =======


</TABLE>




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