Exhibit 12.1

THE HOME DEPOT, INC. AND SUBSIDIARIES

RATIO OF EARNINGS TO FIXED CHARGES

($ in millions, except ratio data)

	Fiscal Year (1)															Nine Months Ended November 2,
	2003			2004			2005			2006			2007			2008
Earnings From Continuing Operations Before Income Taxes	$	6,762		$	7,790		$	8,967		$	8,502		$	6,620		$	3,621
Less: Capitalized Interest	(50		)	(40		)	(51		)	(47		)	(46		)	(17		)
Add:
Portion of Rental Expense under operating leases deemed to be the equivalent of interest	142			162			177			257			279			215
Interest Expense	111			109			192			437			741			502
Adjusted Earnings	$	6,965		$	8,021		$	9,285		$	9,149		$	7,594		$	4,321
Fixed Charges:
Interest Expense	$	111		$	109		$	192		$	437		$	741		$	502
Portion of Rental Expense under operating leases deemed to be the equivalent of interest	142			162			177			257			279			215
Total Fixed Charges	$	253		$	271		$	369		$	694		$	1,020		$	717
Ratio of Earnings to Fixed Charges (2)	27.5		x	29.6		x	25.2		x	13.2		x	7.4		x	6.0		x

(1)   Fiscal years 2007, 2006, 2005, 2004 and 2003 refer to the fiscal years ended February 3, 2008, January 28, 2007, January 29, 2006, January 30, 2005 and February 1, 2004, respectively. Fiscal year 2007 includes 53 weeks. Each of fiscal years 2003 through 2006 includes 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)