Exhibit 12.1

GATX Corporation and Subsidiaries
Computation of Ratios of Earnings to Fixed Charges (Unaudited)
(In Millions, Except for Ratios)

	Six Months Ended June 30					Year Ended December 31
	2010		2009			2009		2008			2007			2006			2005
Earnings available for fixed charges:
Income from continuing operations before income taxes	$	51.5	$	59.2		$	107.9	$	267.6		$	255.4		$	220.9		$	166.3
Add (deduct):
Total fixed charges		117.7		119.6			236.9		230.2			230.7			244.8			229.4
Share of affiliates’ earnings, net of distributions received		1.8		(1.0	)		7.0		(34.4	)		(36.3	)		(39.9	)		(33.5	)
Total earnings available for fixed charges	$	171.0	$	177.8		$	351.8	$	463.4		$	449.8		$	425.8		$	362.2
Fixed Charges:
Interest expense	$	83.9	$	85.1		$	168.0	$	151.6		$	141.4		$	143.6		$	114.5
Capitalized interest		—		—			—		—			0.1			0.1			—
Interest portion of operating lease expense		33.8		34.5			68.8		78.5			89.1			101.0			114.8
Preferred dividends on pre-tax basis		—		—			0.1		0.1			0.1			0.1			0.1
Total fixed charges	$	117.7	$	119.6		$	236.9	$	230.2		$	230.7		$	244.8		$	229.4
Ratio of earnings to fixed charges		1.45		1.49			1.49		2.01			1.95			1.74			1.58