EXHIBIT 12.1

ONEOK, Inc.

Computation of Ratio of Earnings to Fixed Charges

		Nine Months Ended September 30,
(Unaudited)		2004				2003
		(Thousands of dollars)
Fixed Charges, as defined
Interest on long-term debt		$	69,059			$	70,365
Other interest			2,041				4,104
Amortization of debt discount and expense			2,785				4,049
Interest on lease agreements			6,459				7,110
Total Fixed Charges			80,344				85,628
Earnings before income taxes and undistributed income from equity investees			234,820				249,174
Earnings available for fixed charges		$	315,164			$	334,802
Ratio of earnings to fixed charges			3.92	x			3.91	x

For purposes of computing the ratio of earnings to fixed charges, “earnings” consists of income before cumulative effect of a change in accounting principle plus fixed charges and income taxes, less undistributed income for equity investees. “Fixed charges” consists of interest charges, the amortization of debt discounts and issue costs and the representative interest portion of operating leases.