Exhibit 12.1

LodgeNet Entertainment Corporation and Subsidiaries

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

Computation
of Coverage of Fixed Charges

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|                                            |                                                         | 2001 |         | 2000   |   | 1999    |        | 1998 |         | 1997   |  
|------------------------------------------- | ------------------------------------------------------- | ---- | ------- | ------ | - | ------- | ------ | ---- | ------- | ------ | -
|Net loss                                    |                                                         | $    | (26,408 | )      | $ | (39,014 | )      | $    | (36,428 | )      | $
|Add:                                        |                                                         |      |         |        |   |         |        |      |         |        |  
|                                            | Extraordinary loss (1)                                  |      |         | 2,091  |   |         |       |      |         |       |  
|                                            | Cumulative effect of change in accounting principle (2) |      |         |       |   |         |       |      |         |       |  
|                                            | Provision for income taxes                              |      |         | 689    |   |         | 325    |      |         | 370    |  
|Add fixed charges (3):                      |                                                         |      |         |        |   |         |        |      |         |        |  
|                                            | Interest                                                |      |         | 30,306 |   |         | 27,809 |      |         | 27,210 |  
|                                            | Amortization of debt costs                              |      |         | 1,178  |   |         | 1,589  |      |         | 1,488  |  
|                                            | Interest portion of rentals                             |      |         | 179    |   |         | 158    |      |         | 145    |  
|                                            |                                                         |      |         |        |   |         |        |      |         |        |  
|Earnings available to cover fixed charges   |                                                         |      | 8,035   |        |   | (9,133  | )      |      | (7,215  | )      |  
|Less fixed charges                          |                                                         |      | 31,663  |        |   | 29,556  |        |      | 28,843  |        |  
|                                            |                                                         |      |         |        |   |         |        |      |         |        |  
|Deficiency in the coverage of fixed charges |                                                         | $    | (23,628 | )      | $ | (38,689 | )      | $    | (36,058 | )      | $
|                                            |                                                         |      |         |        |   |         |        |      |         |        |  

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