Exhibit 12.1

BlackRock, Inc.

Computation of Earnings to Fixed Charges

(unaudited)

(Dollar amounts in 000’s)	Year ended December 31,															Six Months ended June 30,
	2002			2003			2004			2005			2006			2006			2007
Pre-tax income	$	223,948		$	250,902		$	200,438		$	375,755		$	528,233		$	134,266		$	417,632
Add: Fixed charges		4,726			5,211			5,590			15,236			22,393			8,216			33,312
Distributions from equity investees		1,008			3,144			2,276			2,620			1,939			397			5,118
Less: Income from equity investees		(2,098	)		(4,912	)		(2,549	)		(11,526	)		(5,659	)		(5,091	)		(22,475	)
Pre-tax income before fixed charges	$	227,584		$	254,345		$	205,755		$	382,085		$	546,906		$	137,788		$	433,587
Fixed charges:
Interest expense	$	683		$	720		$	835		$	7,924		$	9,916		$	3,999		$	21,209
Portion of rent representative of interest		4,043			4,491			4,755			7,312			12,477			4,217			12,104
Total fixed charges	$	4,726		$	5,211		$	5,590		$	15,236		$	22,393		$	8,216		$	33,313
Ratio of earnings to fixed charges		48.15			48.81			36.81			25.08			24.42			16.77			13.02