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**Exhibit 12.1**

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**TOYS “R” US, INC.**

**Computation of Ratio of Earnings to Fixed Chargesfor the Nine-Month Periods Ended November 1, 2003 and November 2, 2002and for the Five Years Ended February 1, 2003(Unaudited)(In millions, except ratio data)**

|                                         | Nine Months Ended                                             |                          | Fiscal Year Ended |
|-----------------------------------------|---------------------------------------------------------------|--------------------------|-------------------|
|                                         |                                                               |                          |                   |
| **Ratio of Earnings to Fixed Charges:** | **Nov. 1, 2003**                                              |                | Nov. 2, 2002      |  | Feb. 1, 2003 |      | Feb. 2, 2002 |      | Feb. 3, 2001 |      | Jan. 29, 2000 |      | Jan. 30, 1999 |
|                                         | ****                                                          |                          |                   |
| **Earnings:**                           |                                                               |      |                   |  |  |    |  |    |  |    |  |    |  |
|                               | Earnings / (loss) before income taxes                         | **$**                    | **(88)**          |  | $ | (78) |          | $ | 361  |  | $ | 91  |  | $ | 637  |  | $ | 439  |  | $ | (106) |
|                                         | Fixed charges                                                 |                          | **212 **     |  |  | 190  |  |  | 251  |  |  | 253  |  |  | 275  |  |  | 269  |  |  | 272  |
|                                         | Interest capitalized during period                            |                          | **(1)**           |  |  | (1) |  |  | (1) |  |  | (4) |  |  | (3) |  |  | (2) |  |  | (2) |
|                                         | Share of pre-tax income from investment in Toys – Japan |                          | **(4)**           |  |  | (5) |  |  | (30) |  |  | (29) |  |  | (31) |  |  |  -   |  |  |  -   |
|                                         | Minority interest                                             |                          | **(7)**           |  |  | (12) |  |  | (14) |  |  | (22) |  |  | (52) |  |  | 10  |  |  | 5  |
|                                         | ****                                                          |                          |                   |
|                               | Earnings before income taxes and fixed charges                | **$**                    | **112 **     |    | **$** | 94  |  | **$** | 567  |    | **$** | 289  |    | **$** | 826  |    | **$** | 716  |    | **$** | 169  |
|                                         | ****                                                          |                          | ****              |
|                                         |                                                               |                          |         |  |  |  |  |  |    |  |  |    |  |  |    |  |  |    |  |  |
| **Fixed Charges:**                      |                                                               |                          |                   |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                               | Interest expensed and capitalized                             | **$**                    | **98 **      |  | **$** | 87  |  | **$** | 114  |  | **$** | 121  |  | **$** | 130  |  | **$** | 93  |  | **$** | 104  |
|                               | Amortization of debt issuance costs                           |                          | **5 **       |  |  | 5  |  |  | 7  |  |  | 5  |  |  | 3  |  |  | 5  |  |  | 5  |
|                               | Interest portion of rental expense                            |                          | **109 **     |  |  | 98  |  |  | 130  |  |  | 127  |  |  | 142  |  |  | 171  |  |  | 163  |
|                                         | ****                                                          |                          |                   |
|                               | Total fixed charges                                           | **$**                    | **212 **     |    | $ | 190  |  | **$** | 251  |    | **$** | 253  |    | **$** | 275  |    | **$** | 269  |    | **$** | 272  |
|                                         | ****                                                          |                          | ****              |
|                                         |                                                               |                          |         |  |  |  |  |  |    |  |  |    |  |  |    |  |  |    |  |  |
| Ratio of earnings to fixed charges      |                                                               | ** -  **  |                   |  |  -   |  |  | 2.26 |  |  | 1.14 |  |  | 3.00 |  |  | 2.66 |  |  |  -   |
|                                         | ****                                                          |                          | ****              |
|                                         |                                                               |                          |         |  |  |  |  |  |    |  |  |    |  |  |    |  |  |    |  |  |
| Deficiency of earnings to fixed charges | **$**                                                         | **(100)**                |                   | **$** | (96) |      | **$** |  -   |  | **$** |  -   |  | **$** |  -   |  | **$** |  -   |  | **$** | (103) |
|                                         | ****                                                          |                          | ****              |