EXHIBIT 12.1

ADOBE SYSTEMS INCORPORATED

Consolidated Ratio of Earnings to Fixed Charges and

Consolidated Ratio of Earnings to Fixed Charges and Preferred Stock Dividends

(in thousands, except ratios)	Year Ended
	November 30, 2012		December 2, 2011		December 3, 2010		November 27, 2009		November 28, 2008
Earnings:
Income before provision for      income taxes	$	1,118,794	$	1,035,230	$	943,151	$	701,520	$	1,078,508
Add: fix charges	94,721		94,511		82,953		29,395		41,108
Total earnings	$	1,213,515	$	1,129,741	$	1,026,104	$	730,915	$	1,119,616
Total fixed charges(*)	94,721		94,511		82,953		29,395		41,108
Ratio of earnings to fixed      charges	12.8		12.0		12.4		24.9		27.2

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^(*)  Fixed charges consist of interest charges, the amortization of debt issuance costs and an estimate of interest as a component of rental expense.

Currently, we have no shares of preferred stock outstanding and we have not paid any dividends on preferred stock in the periods presented. Therefore, the ratios of earnings to combined fixed charges and preferred stock dividends are not different from the ratios of earnings to fixed charges.