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**Exhibit 12.1**

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**TOYS “R” US, INC.**

**Computation of Ratio of Earnings to Fixed Chargesfor the Six-Month Periods Ended August 2, 2003 and August 3, 2002and for the Five Years Ended February 1, 2003(Unaudited)(In millions, except ratio data)**

|                                                                   | Six Months Ended                                              |                         | Fiscal Year Ended       |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------|-------------------------|-------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                        |                                                               |                         |                         |
| **Ratio of Earnings to Fixed Charges:**                                                                                                                                                                                                                                                                                                                                                                | **Aug. 2, 2003**                                              |               | Aug. 3, 2002            |  | Feb. 1, 2003 |    | Feb. 2, 2002 |    | Feb. 3, 2001 |    | Jan. 29, 2000 |    | Jan. 30, 1999 |
|                                                                                                                                                                                                                                                                                                                                                                                                        | ****                                                          |                         |                         |
| **Earnings:**                                                                                                                                                                                                                                                                                                                                                                                          |                                                               |               |                         |  |  |    |  |    |  |    |  |    |  |
|                                                                                                                                                                                                                                                                                                                                                                                              | Earnings / (loss) before income taxes                         | **$**                   | **(28)**                |  | $ | (33) |      | $ | 361  |  | $ | 91  |  | $ | 637  |  | $ | 439  |  | $ | (106) |
|                                                                                                                                                                                                                                                                                                                                                                                                        | Fixed charges                                                 |                         | **138 **           |  |  | 129  |  |  | 251  |  |  | 253  |  |  | 275  |  |  | 269  |  |  | 272  |
|                                                                                                                                                                                                                                                                                                                                                                                                        | Interest capitalized during period                            |                         | ** -  ** |  |  | (1) |  |  | (1) |  |  | (4) |  |  | (3) |  |  | (2) |  |  | (2) |
|                                                                                                                                                                                                                                                                                                                                                                                                        | Share of pre-tax income from investment in Toys – Japan |                         | **(3)**                 |  |  | (3) |  |  | (30) |  |  | (29) |  |  | (31) |  |  |  -   |  |  |  -   |
|                                                                                                                                                                                                                                                                                                                                                                                                        | Minority interest                                             |                         | **(6)**                 |  |  | (9) |  |  | (14) |  |  | (22) |  |  | (52) |  |  | 10  |  |  | 5  |
|                                                                                                                                                                                                                                                                                                                                                                                                        | ****                                                          |                         |                         |
|                                                                                                                                                                                                                                                                                                                                                                                              | Earnings before income taxes and fixed charges                | **$**                   | **101 **           |    | **$** | 83  |  | **$** | 567  |    | **$** | 289  |    | **$** | 826  |    | **$** | 716  |    | **$** | 169  |
|                                                                                                                                                                                                                                                                                                                                                                                                        | ****                                                          |                         | ****                    |
|                                                                                                                                                                                                                                                                                                                                                                                                        |                                                               |                         |               |  |  |  |  |  |    |  |  |    |  |  |    |  |  |    |  |  |
| **Fixed Charges:**                                                                                                                                                                                                                                                                                                                                                                                     |                                                               |                         |                         |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|                                                                                                                                                                                                                                                                                                                                                                                              | Interest expensed and capitalized                             | **$**                   | **62 **            |  | **$** | 59  |  | **$** | 114  |  | **$** | 121  |  | **$** | 130  |  | **$** | 93  |  | **$** | 104  |
|                                                                                                                                                                                                                                                                                                                                                                                              | Amortization of debt issuance costs                           |                         | **4 **             |  |  | 3  |  |  | 7  |  |  | 5  |  |  | 3  |  |  | 5  |  |  | 5  |
|                                                                                                                                                                                                                                                                                                                                                                                              | Interest portion of rental expense                            |                         | **72 **            |  |  | 67  |  |  | 130  |  |  | 127  |  |  | 142  |  |  | 171  |  |  | 163  |
|                                                                                                                                                                                                                                                                                                                                                                                                        | ****                                                          |                         |                         |
|                                                                                                                                                                                                                                                                                                                                                                                              | Total fixed charges                                           | **$**                   | **138 **           |    | $ | 129  |  | **$** | 251  |    | **$** | 253  |    | **$** | 275  |    | **$** | 269  |    | **$** | 272  |
|                                                                                                                                                                                                                                                                                                                                                                                                        | ****                                                          |                         | ****                    |
|                                                                                                                                                                                                                                                                                                                                                                                                        |                                                               |                         |               |  |  |  |  |  |    |  |  |    |  |  |    |  |  |    |  |  |
| Ratio of earnings to fixed charges                                                                                                                                                                                                                                                                                                                                                                     |                                                               | ** -  ** |                         |  |  -   |  |  | 2.26 |  |  | 1.14 |  |  | 3.00 |  |  | 2.66 |  |  |  -   |
|                                                                                                                                                                                                                                                                                                                                                                                                        | ****                                                          |                         | ****                    |
|                                                                                                                                                                                                                                                                                                                                                                                                        |                                                               |                         |               |  |  |  |  |  |    |  |  |    |  |  |    |  |  |    |  |  |
| Deficiency of earnings to fixed charges                                                                                                                                                                                                                                                                                                                                                                | **$**                                                         | **(37)**                |                         | **$** | (46) |      | **$** |  -   |  | **$** |  -   |  | **$** |  -   |  | **$** |  -   |  | **$** | (103) |
|                                                                                                                                                                                                                                                                                                                                                                                                        | ****                                                          |                         | ****                    |