**Exhibit 12.1**

 

**ColorSpot Nurseries, Inc.**

Computation of Ratio ofEarnings to Fixed Charges

 
|                                                                 |   | **Twelve  Months Ended  December 31,** |    | **Six Months  Ended  December 31,** |   | **Year Ended  June 30,** |   |
|----------------------------------------------------------------------|--------|----------------------------------------|---------|-------------------------------------|--------|--------------------------|--------|
|                                                                 |   | **2001**                               |    | **2000**                            |   | **2000**                 |   | **1999** |   | **2000** |   | **1999** |   | **1998** |   | **1997** |   |
| Earnings:                                                            |   |                                   |    |                                |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Pretax income                                                        |   | $                                      | (11,557 | )                                   | $      | (14,034                  | )      | $ | (18,031 | ) | $ | (11,624 | ) | $ | (7,627 | ) | $ | (2,125 | ) | $ | (29,682 | ) | $ | 5,885 |   |
|                                                                 |   |                                   |    |                                |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Total fixed  charges                                                 |   | 16,819                                 |    | 18,655                              |   | 9,466                    |   | 8,661 |   | 17,850 |   | 18,183 |   | 15,404 |   | 5,343 |   |
|                                                                 |   |                                   |    |                                |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Total earnings(1)                                                    |   | 5,262                                  |    | 4,621                               |   | (8,565                   | )      | (2,963 | ) | 10,223 |   | 16,058 |   | (14,278 | ) | 11,228 |   |
|                                                                 |   |                                   |    |                                |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Fixed charges:                                                       |   |                                   |    |                                |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Interest  expense, including amortization of deferred financing fees |   | 14,866                                 |    | 16,846                              |   | 8,542                    |   | 7,658 |   | 15,962 |   | 16,464 |   | 13,405 |   | 4,179 |   |
|                                                                 |   |                                   |    |                                |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Interest element  of rentals(2)                                      |   | 1,953                                  |    | 1,809                               |   | 924                      |   | 1,003 |   | 1,888 |   | 1,719 |   | 1,999 |   | 1,164 |   |
|                                                                 |   |                                   |    |                                |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Total fixed  charges(1)                                              |   | 16,819                                 |    | 18,655                              |   | 9,466                    |   | 8,661 |   | 17,850 |   | 18,183 |   | 15,404 |   | 5,343 |   |
|                                                                 |   |                                   |    |                                |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Ratio of  earnings to fixed charges                                  |   | n/a                                    |    | n/a                                 |   | n/a                      |   | n/a |   | n/a |   | n/a |   | n/a |   | 2.10 |   |
|                                                                 |   |                                   |    |                                |   |                     |   |   |   |   |   |   |   |   |   |   |   |
| Dollar  deficiency of earnings to fixed charges(3)                   |   | (11,557                                | )       | (14,034                             | )      | (18,031                  | )      | (11,624 | ) | (7,627 | ) | (2,125 | ) | (29,682 | ) | n/a |   |
|                                                                      |        |                                        |         |                                     |        |                          |        |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |

 

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(1)     In computing the ratio of earnings to fixedcharges:  (a) “earnings” have been basedon income from continuing operations before income taxes and fixed charges and(b) “fixed charges” consist of interest expense, including amortization ofdeferred financing fees and the estimated interest portion of rents.

 

(2)     The interest portion of rent expense was assumed to beone-third of the total rental expense

 

(3)     Earnings are inadequate to cover fixed charges in allperiods shown except the for fiscal year ended 6/30/97.

 

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