EXHIBIT 12.1



SARA LEE CORPORATION AND SUBSIDIARIES

Computation of Ratio of Earnings to Fixed Charges

(in millions, except ratios)

(Unaudited)



|                                                                                  |  |                        |       |                      |   |    
|--------------------------------------------------------------------------------- |  | ---------------------- | ----- | -------------------- | - | ---
|                                                                                  |  | Twenty-Six Weeks Ended
|                                                                                  |  | January 1,2005 (1)     |       | December 27,2003 (2)
|Fixed charges:                                                                    |  |                        |       |                      |   |    
|Interest expense                                                                  |  | $                      | 138   |                      | $ | 132
|Interest portion of rental expense                                                |  |                        | 34    |                      |   | 32 
|                                                                                  |  |                        |       |                      |   |    
|Total fixed charges before capitalized interest and preference security dividends |  |                        | 172   |                      |   | 164
|Capitalized interest                                                              |  |                        | 4     |                      |   | 5  
|                                                                                  |  |                        |       |                      |   |    
|Total fixed charges                                                               |  | $                      | 176   |                      | $ | 169
|                                                                                  |  |                        |       |                      |   |    
|Earnings available for fixed charges:                                             |  |                        |       |                      |   |    
|Income before income taxes                                                        |  | $                      | 822   |                      | $ | 660
|Add minority interest in majority-owned subsidiaries                              |  |                        | 6     |                      |   | 3  
|Add amortization of capitalized interest                                          |  |                        | 9     |                      |   | 10 
|Add fixed charges before capitalized interest                                     |  |                        | 172   |                      |   | 164
|                                                                                  |  |                        |       |                      |   |    
|Total earnings available for fixed charges                                        |  | $                      | 1,009 |                      | $ | 837
|                                                                                  |  |                        |       |                      |   |    
|Ratio of earnings to fixed charges                                                |  |                        | 5.7   |                      |   | 5.0
|                                                                                  |  |                        |       |                      |   |    

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|(1) | During the first six months of fiscal 2005, the corporation recognized pretax income of $16 million in connection with certain restructuring activities. Also during the first six
months of fiscal 2005, the corporation recognized $117 million of contingent sale proceeds from the disposition of its European tobacco business in 1999.
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|(2) | During the first six months of fiscal 2004, the corporation recorded a pretax charge of $5 million in connection with certain restructuring activities.
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