Exhibit 12.1

THE HOME DEPOT, INC. AND SUBSIDIARIES
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(amounts in millions, except ratio data)

	Fiscal Year(1)															Three Months
																Ended
	2004			2005			2006			2007			2008			May 3, 2009
Earnings From Continuing Operations Before Income Taxes		$7,790			$8,967			$8,502			$6,620			$3,590			$  805
Less: Capitalized Interest		(40	)		(51	)		(47	)		(46	)		(20	)		(1	)
Add:
Portion of Rental Expense under operating leases deemed to be the equivalent of interest		162			177			257			279			286			72
Interest Expense		109			192			437			741			644			181
Adjusted Earnings		$8,021			$9,285			$9,149			$7,594			$4,500			$1,057
Fixed Charges:
Interest Expense		$  109			$  192			$  437			$  741			$  644			$  181
Portion of Rental Expense under operating leases deemed to be the equivalent of interest		162			177			257			279			286			72
Total Fixed Charges		$  271			$  369			$  694			$1,020			$  930			$  253
Ratio of Earnings to Fixed Charges (2)		29.6	x		25.2	x		13.2	x		7.4	x		4.8	x		4.2	x

(1)

Fiscal years 2008, 2007, 2006, 2005 and 2004 refer to the fiscal years ended February 1, 2009, February 3, 2008, January 28, 2007, January 29, 2006 and January 30, 2005, respectively. Fiscal year 2007 includes 53 weeks; all other fiscal years reported include 52 weeks.

(2)

For purposes of computing the ratios of earnings to fixed charges, “earnings” consist of earnings from continuing operations before income taxes plus fixed charges, excluding capitalized interest. “Fixed charges” consist of interest incurred on indebtedness including capitalized interest, amortization of debt expenses and the portion of rental expense under operating leases deemed to be the equivalent of interest. The ratios of earnings to fixed charges are calculated as follows:

(earnings from continuing operations before income taxes)+(fixed charges)-(capitalized interest)

(fixed charges)