We present a solvable ladder model which displays magnetization plateaus at
fractional values of the total magnetization. Plateau signatures are also
shown to exist along special lines. The model has isotropic Heisenberg inte
ractions with additional many-body terms. The phase diagram can be calculat
ed exactly for all values of the rung coupling and the magnetic field. We a
lso derive the anomalous behavior of the susceptibility near the plateau bo
undaries. There is good agreement with the phase diagram obtained recently
for the pure Heisenberg ladders by numerical and perturbative techniques.