EXHIBIT 12

                       UNITED TECHNOLOGIES CORPORATION AND SUBSIDIARIES
                      Computation of Ratio of Earnings to Fixed Charges
                                    (Millions of Dollars)
                                        

                                                                                 Years Ended December 31,
                                        
                                                               1997          1996          1995          1994          1993
                                                                                                  
Fixed Charges:                                                                                                      
  Interest on indebtedness                               $      195    $      221    $      244    $      275    $      251
  Interest capitalized                                           11            16            16            19            29
  One-third of rents*                                            87            87            88           101           115
                                                                                                                    
  Total Fixed Charges                                    $      293    $      324    $      348    $      395    $      395
                                                                                                                    
Earnings:                                                                                                           
  Income (loss) before income taxes                                                                                   
  and minority interests                                 $    1,764    $    1,560    $    1,344    $    1,076    $      909
                                                                                                                    
  Fixed charges per above                                       293           324           348           395           395
  Less: interest capitalized                                    (11)          (16)          (16)          (19)          (29)
                                                                282           308           332           376           366
                                                                                                                            
  Amortization of interest capitalized                           37            38            41            43            42
                                                                                                                    
  Total Earnings                                         $    2,083    $    1,906    $    1,717    $    1,495    $    1,317
                                                                                                                    
Ratio of Earnings to Fixed Charges                             7.11          5.88          4.93          3.78          3.33
                                                                                                                    
                                        
                                        
*  Reasonable approximation of the interest factor.