EXHIBIT 12 				U S WEST, Inc. 		 RATIO OF EARNINGS TO COMBINED FIXED CHARGES 			AND PREFERRED STOCK DIVIDENDS 			 (Dollars in Millions) 						 Quarter Ended 						 6/30/95 6/30/94 						--------- --------- Income before income taxes $514 $609 Interest expense (net of amounts capitalized) 139 110 Interest factor on rentals (1/3) 27 25 Equity losses in unconsolidated ventures 2 - 						--------- --------- Earnings $682 $744 		 Interest expense 153 117 Interest factor on rentals (1/3) 27 25 Preferred stock dividends 2 - 						--------- --------- Fixed charges $182 $142 Ratio of earnings to fixed charges 3.75 5.24 						--------- --------- 		 		 						 Year-to-Date 						 6/30/95 6/30/94 						--------- --------- 		 Income before income taxes $1,052 $1,131 Interest expense (net of amounts capitalized) 267 219 Interest factor on rentals (1/3) 49 48 Equity losses in unconsolidated ventures 28 - 						--------- --------- Earnings $1,396 $1,398 		 Interest expense 292 233 Interest factor on rentals (1/3) 49 48 Preferred stock dividends 3 - 						--------- --------- Fixed charges $344 $281 Ratio of earnings to fixed charges 4.06 4.98 						--------- ---------