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EXHIBIT 12
CP LIMITED PARTNERSHIP
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
<TABLE>
<CAPTION>
FOR THE QUARTER FOR THE YEAR FOR THE YEAR FOR THE YEAR FOR THE YEAR FOR THE YEAR
ENDED ENDED ENDED ENDED ENDED ENDED
MARCH 31, 2000 DEC. 31, 1999 DEC. 31, 1998 DEC. 31, 1997 DEC. 31, 1996 DEC. 31, 1995
-------------- ------------- ------------- ------------- ------------- -------------
<S> <C> <C> <C> <C> <C> <C>
EARNINGS:
Income before
extraordinary
charges $11,307 $44,962 $34,486 $24,688 $16,100 $13,979
Fixed charges $ 8,608 $32,818 $31,769 $26,269 $13,000 $12,488
------- ------- ------- ------- ------- -------
$19,915 $77,780 $66,255 $50,957 $29,100 $26,467
======= ======= ======= ======= ======= =======
FIXED CHARGES:
Interest expense $ 8,332 $31,588 $30,523 $25,438 $12,525 $11,914
Amortization of
deferred
financing costs $ 149 $ 730 $ 764 $ 480 $ 437 $ 538
Interest factor
on rental
expense (1) $ 127 4 500 $ 482 $ 351 $ 38 $ 36
------- ------- ------- ------- ------- -------
$ 8,608 $32,818 $31,769 $26,269 $13,000 $12,488
======= ======= ======= ======= ======= =======
RATIO OF EARNINGS
TO FIXED CHARGES 2.31 2.37 2.09 1.94 2.24 2.12
======= ======= ======= ======= ======= =======
</TABLE>
(1) Amount represents one third of all rental expense (the proportion deemed
representative of the interest factor).
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