EXHIBIT 12

                CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES

     The following table sets forth the ratio for the Company's earnings to
fixed charges, on a consolidated basis, for the periods indicated:

         Three Months
        Ended March 31,               Year Ended December 31,
        ---------------    -------------------------------------------
         1997     1996      1996     1995     1994     1993     1992
        ------  -------    -------  -------  -------  -------  -------
         7.5x   7.8x(1)    8.1x(2)  6.6x(3)   7.7x    5.8x(4)    7.7x

     For purposes of this ratio, earnings have been calculated by adding to
income before income taxes the amount of fixed charges. Fixed charges consist of
interest on all indebtedness, amortization of debt discount and expense and that
portion of rental expense deemed to represent interest.

     (1) The ratio includes the gain from the sale of the Cardinals which
         increased income before income taxes by $54.7 million. Excluding this
         one-time gain, the ratio would have been 7.0x.

     (2) The ratio includes the gain from the sale of the Cardinals which
         increased income before income taxes by $54.7 million. Excluding this
         one-time gain, the ratio would have been 7.9x.

     (3) The ratio includes the impact of the Tampa brewery shutdown and the
         reduction of wholesaler inventories. Excluding these non-recurring
         items, the ratio would have been 7.6x.

     (4) The ratio includes the impact of the Company's restructuring charge
         which decreased income before income taxes by $401.3 million. Excluding
         this one-time charge, the ratio would have been 7.5x.

Exhibit 12