Exhibit 12

Limited Brands, Inc.

Computation of Ratio of Earnings to Fixed Charges

(Dollars in Millions)

	For the Fiscal Years Ended
	January 28, 2006		January 29, 2005		January 31, 2004		February 1, 2003		February 2, 2002
Earnings:
Income before income taxes, minority interest and cumulative effect of change in accounting principle	$	958	$	1,116	$	1,166	$	843	$	946
Fixed charges		247		225		228		197		199
Distributions from equity method investments, net of income or loss from equity investees		26		11		17		39		28
Total earnings	$	1,231	$	1,352	$	1,411	$	1,079	$	1,173
Fixed charges:
Portion of minimum rent representative of interest	$	153	$	167	$	166	$	167	$	165
Interest on indebtedness		94		58		62		30		34
Total fixed charges	$	247	$	225	$	228	$	197	$	199
Ratio of earnings to fixed charges		5.0		6.0		6.2		5.5		5.9