EXHIBIT 12
BellSouth Corporation
Computation Of Earnings To Fixed Charges
(Dollars In Millions)
For the Six Months
Ended June 30,
2000
1. Earnings
(a) Income from continuing
operations before deductions
for taxes and interest $3,852
(b) Portion of rental expense
representative of interest
factor 54
(c) Equity in losses from
less-than-50%-owned
investments (accounted
for under the equity
method of accounting) 59
(d) Excess of earnings over
distributions of less-
than-50%-owned investments
(accounted for under the
equity method of accounting) (98)
TOTAL $3,867
2. Fixed Charges
(a) Interest $ 655
(b) Portion of rental expense
representative of interest
factor
54
TOTAL $709
Ratio (1 divided by 2) 5.45