EXHIBIT 12.1



SARA LEE CORPORATION AND SUBSIDIARIES

Computation of Ratio of Earnings to Fixed Charges

(in millions, except ratios)



|                                                                                                               |  |                         |       |   |                   |   |      
|-------------------------------------------------------------------------------------------------------------- |  | ----------------------- | ----- | - | ----------------- | - | -----
|                                                                                                               |  | Thirty-Nine Weeks Ended
|                                                                                                               |  | March 27,2004 (1)       |       |   | March 29,2003 (2)
|Fixed charges:                                                                                                 |  |                         |       |   |                   |   |      
|Interest expense                                                                                               |  | $                       | 195   |   |                   | $ | 205  
|Interest portion of rental expense                                                                             |  |                         | 50    |   |                   |   | 46   
|                                                                                                               |  |                         |       |   |                   |   |      
|Total fixed charges before capitalized interest and preference security dividends of consolidated subsidiaries |  |                         | 245   |   |                   |   | 251  
|Preference security dividends of consolidated subsidiaries                                                     |  |                         |      |   |                   |   | 13   
|Capitalized interest                                                                                           |  |                         | 8     |   |                   |   | 8    
|                                                                                                               |  |                         |       |   |                   |   |      
|Total fixed charges                                                                                            |  | $                       | 253   |   |                   | $ | 272  
|                                                                                                               |  |                         |       |   |                   |   |      
|                                                                                                               |  |                        
|Earnings available for fixed charges:                                                                          |  |                         |       |   |                   |   |      
|Income before income taxes                                                                                     |  | $                       | 1,117 |   |                   | $ | 1,126
|Less undistributed (loss) income in minority-owned companies                                                   |  |                         | (1    | ) |                   |   | 5    
|Add minority interest in majority-owned subsidiaries                                                           |  |                         | 2     |   |                   |   | 12   
|Add amortization of capitalized interest                                                                       |  |                         | 13    |   |                   |   | 17   
|Add fixed charges before capitalized interest and preference security dividends of consolidated subsidiaries   |  |                         | 245   |   |                   |   | 251  
|                                                                                                               |  |                         |       |   |                   |   |      
|Total earnings available for fixed charges                                                                     |  | $                       | 1,376 |   |                   | $ | 1,411
|                                                                                                               |  |                         |       |   |                   |   |      
|Ratio of earnings to fixed charges                                                                             |  |                         | 5.4   |   |                   |   | 5.2  
|                                                                                                               |  |                         |       |   |                   |   |      



|(1) | During the first nine months of fiscal 2004, the corporation recorded a pretax charge of $11 million in connection with certain exit activities and business dispositions.
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|(2) | During the first nine months of fiscal 2003, the corporation recorded a pretax credit of $13 million in connection with certain exit activities and business dispositions that were
completed for amounts more favorable than originally estimated.
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