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EXHIBIT 12.1

R.J. REYNOLDS TOBACCO HOLDINGS, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES/DEFICIENCY
IN THE


COVERAGE OF FIXED CHARGES BY EARNINGS BEFORE FIXED CHARGES


(Dollars in Millions)


(Unaudited)


|                                                                              |                                                               |                                  |       |      |     |      |     |      |     |      |     |     |     |   |      |      |     |   |     |     |     | 
|----------------------------------------------------------------------------- | ------------------------------------------------------------- | -------------------------------- | ----- | ---- | --- | ---- | --- | ---- | --- | ---- | --- | --- | --- | - | ---- | ---- | --- | - | --- | --- | --- | 
|                                                                              |                                                               |                                 
|                                                                              |                                                               | For the Years Ended December 31,
|                                                                              |                                                               |                                 
|                                                                              |                                                               | 2001                             |       | 2000 |     | 1999 |     | 1998 |     | 1997
|                                                                              |                                                               |                                  |       |      |     |      |     |      |     |     
|Earnings before fixed charges:                                                |                                                               |                                  |       |      |     |      |     |      |     |      |     |     |     |   |      |      |     |   |     |    
|                                                                             
|                                                                             
|                                                                             
|                                                                             
|                                                                              | Income (loss) from continuing operations
	before income taxes |                                  | $     | 892  |     |      | $   | 748  |     |      | $   | 510 |     |   | $    | (679 | )   |   | $   | 204 |    
|                                                                             
|                                                                             
|                                                                             
|                                                                             
|                                                                              | Interest and debt expense                                     |                                  |       | 150  |     |      |     | 168  |     |      |     | 268 |     |   |      | 426  |     |   |     | 433 |    
|                                                                             
|                                                                             
|                                                                             
|                                                                             
|                                                                              | Interest portion of rental expense                            |                                  |       | 14   |     |      |     | 15   |     |      |     | 15  |     |   |      | 16   |     |   |     | 16  |    
|                                                                              |                                                               |                                  |       |      |     |      |     |      |     |      |     |     |     |   |      |      |     |   |     |    
|Earnings (loss) before fixed charges                                          |                                                               | $                                | 1,056 |      |     | $    | 931 |      |     | $    | 793 |     |     | $ | (237 | )    |     | $ | 653 |    
|                                                                              |                                                               |                                  |       |      |     |      |     |      |     |      |     |     |     |   |      |      |     |   |     |    
|Fixed charges:                                                                |                                                               |                                  |       |      |     |      |     |      |     |      |     |     |     |   |      |      |     |   |     |    
|                                                                             
|                                                                             
|                                                                             
|                                                                             
|                                                                              | Interest and debt expense                                     |                                  | $     | 150  |     |      | $   | 168  |     |      | $   | 268 |     |   | $    | 426  |     |   | $   | 433 |    
|                                                                             
|                                                                             
|                                                                             
|                                                                             
|                                                                              | Interest portion of rental expense                            |                                  |       | 14   |     |      |     | 15   |     |      |     | 15  |     |   |      | 16   |     |   |     | 16  |    
|                                                                              |                                                               |                                  |       |      |     |      |     |      |     |      |     |     |     |   |      |      |     |   |     |    
|                                                                              |                                                               | Total fixed charges              |       | $    | 164 |      |     | $    | 183 |      |     | $   | 283 |   |      | $    | 442 |   |     | $   | 449 | 
|                                                                              |                                                               |                                  |       |      |     |      |     |      |     |      |     |     |     |   |      |      |     |   |     |    
|Ratio of earnings to fixed charges                                            |                                                               |                                  | 6.4   |      |     |      | 5.1 |      |     |      | 2.8 |     |     |   |     |      |     |   | 1.5 |    
|                                                                              |                                                               |                                  |       |      |     |      |     |      |     |      |     |     |     |   |      |      |     |   |     |    
|Deficiency in the coverage of fixed charges by
	earnings before fixed charges |                                                               |                                  |      |      |     |      |    |      |     |      |    |     |     | $ | (679 | )    |     |   |    |    
|                                                                              |                                                               |                                  |       |      |     |      |     |      |     |      |     |     |     |   |      |      |     |   |     |