EXHIBIT 12.2





                             FORT HOWARD CORPORATION
               COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                          (In thousands, except ratios)


                                                       For the Years Ended
                                                           December 31,
                                                       ------------------
                                                        1996        1995 
                                                        ----         ----

Earnings:
  Income before taxes..............................    $214,500    $ 51,866 
  Interest expense.................................     258,948     309,915 
  One-fourth of operating lease rental expense.....       2,361       2,168 
                                                       --------    -------- 
                                                       $475,809    $363,949 
                                                       ========    ======== 

Fixed Charges:
  Interest expense.................................    $258,948    $309,915 
  Capitalized interest.............................       1,487       2,096 
  One-fourth of operating lease rental expense.....       2,361       2,168 
                                                       --------    -------- 
                                                       $262,796    $314,179 
                                                       ========    ======== 

Ratio of Earnings to Fixed Charges (1).............         1.8         1.2 
                                                            ===         === 


(1)   For purposes of these computations, earnings consist of consolidated 
income before taxes plus fixed charges (excluding capitalized interest) of 
both consolidated and unconsolidated subsidiaries.  Fixed charges consist of 
interest on indebtedness (including capitalized interest and amortization of 
deferred loan costs) plus that portion (deemed to be one-fourth) of operating 
lease rental expense representative of the interest factor.