Exhibit 12
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<CAPTION>
Main Place Funding, LLC
Ratio of Earnings to Fixed Charges
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(Dollars in Thousands)
Six Months Year Year Year Year Year
Ended Ended Ended Ended Ended Ended
June 30 December 31 December 31 December 31 December 31 December 31
2000 1999 1998 1997 1996 1995
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<S> <C> <C> <C> <C> <C> <C>
Income before taxes $ 462,444 $ 1,257,141 $2,341,426 $1,294,152 $ 216,709 $ 48,070
Fixed charges:
Interest expense 184,086 477,810 1,056,419 595,818 255,318 145,822
Amortization of debt discount and
appropriate issuance costs 1,498 3,306 3,128 3,713 2,856 983
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Total fixed charges 185,584 481,116 1,059,547 599,531 258,174 146,805
Earnings before fixed charges $ 648,028 $ 1,738,257 $3,400,973 $1,893,683 $ 474,883 $ 194,875
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Fixed charges $ 185,584 $ 481,116 $1,059,547 $ 599,531 $ 258,174 $ 146,805
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Ratio of Earnings to Fixed Charges 3.49 3.61 3.21 3.16 1.84 1.33
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