Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS OF MRS. FIELDS ORIGINAL COOKIES, INC.

|                                   |                                         | 12/28/2002 |         | 12/29/2001 |   | 12/30/2000 |         | 1/1/2000 |        | 1/29/1999 |  
|---------------------------------- | --------------------------------------- | ---------- | ------- | ---------- | - | ---------- | ------- | -------- | ------ | --------- | -
|
|FIXED CHARGES:                     |                                         |            |         |            |   |            |         |          |        |           |  
|                                   | Interest on debt and capitalized leases |            | $       | 17,338     |   | $          | 17,436  |          | $      | 17,853    |  
|                                   | Interest in rental expense              |            |         | 8,599      |   |            | 8,760   |          |        | 8,725     |  
|                                   |                                         |            |         |            |   |            |         |          |        |           |  
|TOTAL FIXED CHARGES                |                                         | $          | 25,937  |            | $ | 26,196     |         | $        | 26,578 |           | $
|                                   |                                         |            |         |            |   |            |         |          |        |           |  
|EARNINGS                           |                                         |            |         |            |   |            |         |          |        |           |  
|                                   | Consolidated net loss                   |            | $       | (52,934    | ) | $          | (22,201 | )        | $      | (19,394   | )
|                                   | Consolidated provision for income taxes |            |         | 102        |   |            | 21      |          |        | 3,841     |  
|                                   | Minority interest                       |            |         | (38        | ) |            | 7       |          |        | (26       | )
|                                   | Fixed charges                           |            |         | 25,937     |   |            | 26,196  |          |        | 26,578    |  
|                                   |                                         |            |         |            |   |            |         |          |        |           |  
|TOTAL EARNINGS                     |                                         | $          | (26,933 | )          | $ | 4,023      |         | $        | 10,999 |           | $
|                                   |                                         |            |         |            |   |            |         |          |        |           |  
|RATIO OF EARNINGS TO FIXED CHARGES |                                         |            | N/A     |            |   | 0.15:1     |         |          | 0.41:1 |           |  
|                                   |                                         |            |         |            |   |            |         |          |        |           |  
|DEFICIENCY                         |                                         | $          | 52,870  |            | $ | 22,173     |         | $        | 15,579 |           | $
|                                   |                                         |            |         |            |   |            |         |          |        |           |  

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