Exhibit 12
| AMVESCAP PLC | |||||||||||||
| Ratios of Earnings to Fixed Charges | |||||||||||||
| GBP (£ thousands) | |||||||||||||
| US GAAP | |||||||||||||
| 9/30/2004 |
12/31/2003 |
12/31/2002 |
12/31/2001 |
12/31/2000 |
12/31/1999 | ||||||||
| Profit before taxation |
(53,975 | ) | 177,532 | 252,437 | 246,395 | 383,540 | 204,622 | ||||||
| Fixed Charges |
37,846 | 60,274 | 65,537 | 67,260 | 61,326 | 52,576 | |||||||
| Earnings |
(16,129 | ) | 237,806 | 317,974 | 313,655 | 444,867 | 257,197 | ||||||
| Portion of rent expense representing interest |
7,948 | 12,005 | 12,979 | 11,379 | 9,723 | 7,849 | |||||||
| Interest expense |
29,898 | 48,270 | 52,558 | 55,881 | 51,604 | 44,726 | |||||||
| Fixed charges |
37,846 | 60,275 | 65,537 | 67,260 | 61,326 | 52,576 | |||||||
| Ratio of earnings/fixed charges |
(0.43 | ) | 3.95 | 4.85 | 4.66 | 7.25 | 4.89 | ||||||
| UK GAAP | |||||||||||||
| 9/30/2004 |
12/31/2003 |
12/31/2002 |
12/31/2001 |
12/31/2000 |
12/31/1999 | ||||||||
| Profit before taxation |
(159,326 | ) | 36,395 | 102,266 | 280,438 | 446,233 | 283,042 | ||||||
| Fixed Charges |
37,846 | 60,274 | 65,537 | 67,260 | 61,326 | 52,576 | |||||||
| Earnings |
(121,480 | ) | 96,669 | 167,803 | 347,698 | 507,560 | 335,617 | ||||||
| Portion of rent expense representing interest |
7,948 | 12,005 | 12,979 | 11,379 | 9,723 | 7,849 | |||||||
| Interest expense |
29,898 | 48,270 | 52,558 | 55,881 | 51,604 | 44,726 | |||||||
| Fixed charges |
37,846 | 60,275 | 65,537 | 67,260 | 61,326 | 52,576 | |||||||
| Ratio of earnings/fixed charges |
(3.21 | ) | 1.60 | 2.56 | 5.17 | 8.28 | 6.38 | ||||||