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Exhibit 12.1

LodgeNet Entertainment Corporation and Subsidiaries

Statement Regarding Computation of Ratios (Unaudited)
(Dollar amounts in thousands)

Computation of Coverage of Fixed Charges

|                                            |                               |   |         |        |      |   |         |        |      |   |         |        |  |   |         |        |  |   |         |        | 
|------------------------------------------- | ----------------------------- | - | ------- | ------ | ---- | - | ------- | ------ | ---- | - | ------- | ------ |  | - | ------- | ------ |  | - | ------- | ------ | 
|                                            |                               |   | 2003    |        | 2002 |   | 2001    |        | 2000 |   | 1999   
|                                            |                               |   |         |        |      |   |         |        |      |   |        
|Net loss                                    |                               | $ | (35,052 | )      |      | $ | (29,126 | )      |      | $ | (26,408 | )      |  | $ | (39,014 | )      |  | $ | (36,428 | )     
|Add:                                        |                               |   |         |        |      |   |         |        |      |   |         |        |  |   |         |        |  |   |         |       
|                                            | Provision for income taxes    |   |         | 459    |      |   |         | 550    |      |   |         | 689    |  |   |         | 325    |  |   |         | 370    | 
|Add fixed charges (1):                      |                               |   |         |        |      |   |         |        |      |   |         |        |  |   |         |        |  |   |         |       
|                                            | Interest                      |   |         | 34,239 |      |   |         | 33,037 |      |   |         | 30,306 |  |   |         | 27,809 |  |   |         | 27,210 | 
|                                            | Amortization of debt costs    |   |         | 1,831  |      |   |         | 2,001  |      |   |         | 1,178  |  |   |         | 1,589  |  |   |         | 1,488  | 
|                                            | Amortization of debt
discount |   |         | 104    |      |   |         | 147    |      |   |         | 190    |  |   |         | 215    |  |   |         | 215    | 
|                                            | Interest portion of rentals   |   |         | 219    |      |   |         | 198    |      |   |         | 179    |  |   |         | 158    |  |   |         | 145    | 
|                                            |                               |   |         |        |      |   |         |        |      |   |         |        |  |   |         |        |  |   |         |       
|Earnings available to cover
fixed charges   |                               |   | 1,800   |        |      |   | 6,807   |        |      |   | 6,134   |        |  |   | (8,918  | )      |  |   | (7,000  | )     
|Less fixed charges                          |                               |   | 36,393  |        |      |   | 35,383  |        |      |   | 31,853  |        |  |   | 29,771  |        |  |   | 29,058  |       
|                                            |                               |   |         |        |      |   |         |        |      |   |         |        |  |   |         |        |  |   |         |       
|Deficiency in the coverage of
fixed charges |                               | $ | (34,593 | )      |      | $ | (28,576 | )      |      | $ | (25,719 | )      |  | $ | (38,689 | )      |  | $ | (36,058 | )     
|                                            |                               |   |         |        |      |   |         |        |      |   |         |        |  |   |         |        |  |   |         |       



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|(1) |  | Fixed charges consist of interest on all indebtedness, including
amortization of debt issuance expense and capitalized interest, and
one-third of rental expense (which is estimated to represent the interest
portion thereof).
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