1 EXHIBIT 12 FORM 10-Q for the Quarter Ended September 30, 1995 File No. 1-11237 AT&T CAPITAL CORPORATION AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (Dollars in Thousands) (Unaudited) For the Nine Months Ended September 30, 1995 ________________ Earnings from continuing operations: Income before income taxes $143,276 Add: Fixed charges included in income before taxes 306,621 ________ Total earnings from continuing operations, as adjusted 449,897 ________ Total fixed charges* $306,621 ======== Ratio of earnings to fixed charges 1.47 ======== * Fixed charges include interest on indebtedness and the portion of rentals representative of the interest factor.