Exhibit 7.1

Ratio of Earnings to Fixed Charges

(in millions of euros, except ratios)



|(U.S.
        GAAP)                                                                                                                                                              |  | 2005            |   | 2004            |   | 2003            |   | 2002 |   | 2001            |  
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | --------------- | - | --------------- | - | --------------- | - | ---- | - | --------------- | -
|Fixed
        Charges:                                                                                                                                                           |  |                 |   |                 |   |                 |   |      |   |                 |  
|Interest
        expense, including amortization of premiums, discounts, capitalized expenses
        related to indebtedness, plus capitalized interest                         |  | 275             |   | 245             |   | 192             |   | 142  |   | 184             |  
|Reasonable
        approximation of the interest factor within rental expense(1)                                                                                                 |  | 8               |   | 8               |   | 22              |   | 21   |   | 19              |  
|Total
        Fixed Charges                                                                                                                                                      |  | 283             |   | 253             |   | 214             |   | 163  |   | 203             |  
|Earnings:                                                                                                                                                                        |  |                 |   |                 |   |                 |   |      |   |                 |  
|Pre-tax
        income/(loss) from continuing operations before adjustment for minority
        interests in consolidated subsidiaries or income/(loss) from equity investees(2) |  | (393            | ) | (642            | ) | (537            | ) | 104  |   | (346            | )
|Fixed
        charges                                                                                                                                                            |  | 283             |   | 253             |   | 214             |   | 163  |   | 203             |  
|Amortization
        of capitalized interest                                                                                                                                     |  | 7               |   | 7               |   | 7               |   | 7    |   | 7               |  
|Distributed
        income of equity investees                                                                                                                                   |  | -               |   | -               |   | 2               |   | 3    |   | 21              |  
|Capitalized
        interest                                                                                                                                                     |  | (2              | ) | (2              | ) | (3              | ) | (8   | ) | (19             | )
|Total
        Earnings                                                                                                                                                           |  | (105            | ) | (384            | ) | (317            | ) | 269  |   | (134            | )
|Ratio
        of Earnings to Fixed Charges                                                                                                                                       |  | Note
        (3 | ) | Note
        (3 | ) | Note
        (3 | ) | 1.7  |   | Note
        (3 | )

|(1) | Rhodia assumed one-third of rental expense relating to operating leases as the interest portion thereof, as management believes that it represents a reasonable approximation of the interest factor.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(2) | See Note 39 to the Consolidated Financial Statements for a reconciliation of net income between IFRS and U.S. GAAP.
|--- | -------------------------------------------------------------------------------------------------------------------

|(3) | The ratio coverage was less than 1:1 due to Rhodias loss for 2005, 2004, 2003 and 2001. To achieve a coverage ratio of 1:1, Rhodia must generate additional earnings of 388 million, 637 million, 531 million, 337 million, respectively.
|--- | ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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Ratio of Earnings to Fixed Charges

(in millions of euros, except ratios)



|(IFRS
        Standards)                                                                                                                                                         |  | 2005            |   | 2004            |  
|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | --------------- | - | --------------- | -
|Fixed
        Charges:                                                                                                                                                           |  |                 |   |                 |  
|Interest
        expense, including amortization of premiums, discounts, capitalized expenses
        related to indebtedness, plus capitalized interest                         |  | 292             |   | 258             |  
|Reasonable
        approximation of the interest factor within rental expense(1)                                                                                                 |  | 8               |   | 8               |  
|Total
        Fixed Charges                                                                                                                                                      |  | 300             |   | 266             |  
|Earnings:                                                                                                                                                                        |  |                 |   |                 |  
|Pre-tax
        income/(loss) from continuing operations before adjustment for minority
        interests in consolidated subsidiaries or income/(loss) from equity investees(2) |  | (339            | ) | (455            | )
|Fixed
        charges                                                                                                                                                            |  | 300             |   | 266             |  
|Amortization
        of capitalized interest                                                                                                                                     |  | 7               |   | 7               |  
|Distributed
        income of equity investees                                                                                                                                   |  | -               |   | -               |  
|Capitalized
        interest                                                                                                                                                     |  | (2              | ) | (2              | )
|Total
        Earnings                                                                                                                                                           |  | (34             | ) | (184            | )
|Ratio
        of Earnings to Fixed Charges                                                                                                                                       |  | Note
        (3 | ) | Note
        (3 | )

|(1) | Rhodia assumed one-third of rental expense relating to operating leases as the interest portion thereof, as management believes that it represents a reasonable approximation of the interest factor.
|--- | -----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------

|(2) | See Note 39 to the Consolidated Financial Statements for a reconciliation of net income between IFRS and U.S. GAAP.
|--- | -------------------------------------------------------------------------------------------------------------------

|(3) | The
        ratio coverage was less than 1:1 due to Rhodias loss for 2005 and
        2004. To achieve a coverage ratio of 1:1, Rhodia must generate additional
        earnings of 334 million and 450 million, respectively.
|--- | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------



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