EXHIBIT 12.1

ADOBE SYSTEMS INCORPORATED

Consolidated Ratio of Earnings to Fixed Charges and

Consolidated Ratio of Earnings to Fixed Charges and Preferred Stock Dividends

(in thousands, except ratios)	Year Ended
	November 29, 2013		November 30, 2012		December 2, 2011		December 3, 2010		November 27, 2009
Earnings:
Income before provision for      income taxes	$	356,141	$	1,118,794	$	1,035,230	$	943,151	$	701,520
Add: fix charges	94,794		94,721		94,511		82,953		29,395
Total earnings	$	450,935	$	1,213,515	$	1,129,741	$	1,026,104	$	730,915
Total fixed charges(*)	94,794		94,721		94,511		82,953		29,395
Ratio of earnings to fixed      charges	4.8		12.8		12.0		12.4		24.9

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^(*)  Fixed charges consist of interest charges, the amortization of debt issuance costs and an estimate of interest as a component of rental expense.

Currently, we have no shares of preferred stock outstanding and we have not paid any dividends on preferred stock in the periods presented. Therefore, the ratios of earnings to combined fixed charges and preferred stock dividends are not different from the ratios of earnings to fixed charges.