Exhibit 12.1

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

																	Nine Months
		Fiscal Year (1)															Ended
		2001			2002			2003			2004			2005			October 29, 2006
Earnings Before Income Taxes		$	4,957		$	5,872		$	6,843		$	7,912		$	9,282		$	7,829
Less:	Capitalized Interest	(84		)	(59		)	(50		)	(40		)	(51		)	(34		)
Add:
	Portion of Rental Expense under operating leases deemed to be the equivalent of interest	122			132			145			170			191			230
	Interest Expense	110			96			112			110			194			298
Adjusted Earnings		$	5,105		$	6,041		$	7,050		$	8,152		$	9,616		$	8,323
Fixed Charges:
	Interest Expense	$	110		$	96		$	112		$	110		$	194		$	298
	Portion of Rental Expense under operating leases deemed to be the equivalent of interest	122			132			145			170			191			230
Total Fixed Charges		$	232		$	228		$	257		$	280		$	385		$	528
Ratio of Earnings to Fixed Charges (2)		22.0		x	26.5		x	27.4		x	29.1		x	25.0		x	15.8		x

(1)Fiscal years 2005, 2004, 2003, 2002, and 2001 refer to the fiscal years ended January 29, 2006, January 30, 2005, February 1, 2004, February 2, 2003 and February 3, 2002, respectively.  Fiscal year 2001 consisted of 53 weeks.

(2)For purposes of computing the ratios of earnings to fixed charges, “earnings” consist of earnings 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 before income taxes)+(fixed charges)-(capitalized interest)

(fixed charges)

1