EXHIBIT 12
WARNER-LAMBERT COMPANY AND SUBSIDIARIES                           
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES                 
(Dollars in millions)                                             

                                                                Years Ended December 31,
                                  Six Months Ended   --------------------------------------------
                                   June 30, 1994     1993      1992      1991      1990      1989
                                  ----------------   ----      ----      ----      ----      ----

Earnings before income taxes and
                                                                             
 accounting changes                    $ 509.3       $ 318.5   $ 858.2   $ 221.5   $ 680.7  $ 591.6 
Add:   
   Interest on indebtedness-                        
                                                                             
     excluding amount capitalized         42.2          64.2      80.8      58.2      68.7     55.6
   Amortization of debt expense             .2            .5        .6        .4        .3      1.0
   Interest factor in rent 
     expense (a)                          12.7          25.4      23.4      22.3      20.6     17.9
                                       -------       -------   -------   -------   -------  ------- 
        Adjusted Earnings              $ 564.4       $ 408.6   $ 963.0   $ 302.4   $ 770.3  $ 666.1
                                       =======       =======   =======   =======   =======  =======

Fixed Charges:
   Interest on indebtedness            $  42.2       $  64.2   $  80.8   $  58.2   $  68.7  $  55.6
   Capitalized interest                    4.3           8.6       8.1       9.4       5.2      6.3
   Amortization of debt expense             .2            .5        .6        .4        .3      1.0
   Interest factor in rent 
     expense (a)                          12.7          25.4      23.4      22.3      20.6     17.9
                                       -------       -------   -------   -------   -------  -------
                                                                             
       Total Fixed Charges             $  59.4       $  98.7   $ 112.9   $  90.3   $  94.8  $  80.8
                                       =======       =======   =======   =======   =======  =======

Ratio of earnings to fixed charges         9.5           4.1(b)    8.5       3.3(c)    8.1      8.2
                                       =======       =======   =======   =======   =======  =======


(a)  One third of rental expense (which the company believes to be a reasonable approximation of the
     interest factor of such rental expense).

(b)  The company's ratio of earnings to fixed charges for 1993 would have been 9.5 excluding the
     restructuring charge of $525.2 million.

(c)  The company's ratio of earnings to fixed charges for 1991 would have been 9.4 excluding the
     restructuring charge of $544.0 million.