_____________________



Exhibit 7.1

Ratio of Earnings to Fixed Charges
(in millions of euros, except ratios)



|(US GAAP)                                                                                                                                                         |  | 2006 |  | 2005    |   | 2004    |   | 2003    |   | 2002 |  
|----------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ---- |  | ------- | - | ------- | - | ------- | - | ---- | -
|Fixed Charges:                                                                                                                                                    |  |      |  |         |   |         |   |         |   |      |  
|Interest expense, including amortization of premiums, discounts, capitalized expenses related to indebtedness, plus capitalized interest                          |  | 191  |  | 269     |   | 243     |   | 192     |   | 141  |  
|Reasonable approximation of the interest factor within rental expense (1)                                                                                         |  | 8    |  | 8       |   | 8       |   | 22      |   | 21   |  
|Total Fixed Charges                                                                                                                                               |  | 199  |  | 277     |   | 251     |   | 214     |   | 162  |  
|Earnings:                                                                                                                                                         |  |      |  |         |   |         |   |         |   |      |  
|Pre-tax income/(loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income/(loss) from equity investees (2) |  | (59) |  | (393    | ) | (632    | ) | (537    | ) | 103  |  
|Fixed charges                                                                                                                                                     |  | 199  |  | 277     |   | 251     |   | 214     |   | 162  |  
|Amortization of capitalized interest                                                                                                                              |  | 7    |  | 7       |   | 7       |   | 7       |   | 7    |  
|Distributed income of equity investees                                                                                                                            |  | -    |  | -       |   | -       |   | 2       |   | 3    |  
|Capitalized interest                                                                                                                                              |  | (1)  |  | (2      | ) | (2      | ) | (3      | ) | (7   | )
|Total Earnings                                                                                                                                                    |  | 146  |  | (111    | ) | (376    | ) | (317    | ) | 268  |  
|Ratio of Earnings to Fixed Charges                                                                                                                                |  | 0,7  |  | Note (3 | ) | Note (3 | ) | Note (3 | ) | 1,7  |  



(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 36 to the Consolidated Financial Statements for a reconciliation of net income between IFRS and US GAAP.

(3)

The
  ratio coverage was less than 1:1 due to Rhodias loss for 2005, 2004 and 2003. To achieve a coverage ratio of 1:1, Rhodia must generate additional
  earnings of €388 million, €637 million, €531 million, respectively.



---

Ratio of Earnings to Fixed Charges
(in millions of euros, except ratios)



|(IFRS Standards)                                                                                                                                                  |  | 2006 |  | 2005    |   | 2004    |  
|----------------------------------------------------------------------------------------------------------------------------------------------------------------- |  | ---- |  | ------- | - | ------- | -
|Fixed Charges:                                                                                                                                                    |  |      |  |         |   |         |  
|Interest expense, including amortization of premiums, discounts, capitalized expenses related to indebtedness, plus capitalized interest                          |  | 205  |  | 286     |   | 256     |  
|Reasonable approximation of the interest factor within rental expense (1)                                                                                         |  | 8    |  | 8       |   | 8       |  
|Total Fixed Charges                                                                                                                                               |  | 213  |  | 294     |   | 264     |  
|Earnings:                                                                                                                                                         |  |      |  |         |   |         |  
|Pre-tax income/(loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income/(loss) from equity investees (2) |  | 54   |  | (366    | ) | (395)   |  
|Fixed charges                                                                                                                                                     |  | 213  |  | 294     |   | 264     |  
|Amortization of capitalized interest                                                                                                                              |  | 7    |  | 7       |   | 7       |  
|Distributed income of equity investees                                                                                                                            |  | -    |  | -       |   | -       |  
|Capitalized interest                                                                                                                                              |  | (1)  |  | (2      | ) | (2)     |  
|Total Earnings                                                                                                                                                    |  | 273  |  | (67     | ) | (126)   |  
|Ratio of Earnings to Fixed Charges                                                                                                                                |  | 1.3  |  | 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 36  to the Consolidated Financial Statements for a reconciliation of net income between IFRS and US 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 €361 million and €390 million, respectively.