Exhibit 12.1

Kohl’s Corporation

Ratio of Earnings to Fixed Charges

(Dollars in Millions)

	2009			2008			2007
Earnings
Income before income taxes	$	1,588		$	1,425		$	1,742
Fixed Charges		462			408			347
Less: interest capitalized during period		(5	)		(8	)		(16	)
	$	2,045		$	1,825		$	2,073
Fixed Charges
Interest (expensed or capitalized)	$	139		$	140		$	98
Portion of rent expense representative of interest		322			267			248
Amortization of deferred financing fees		1			1			1
	$	462		$	408		$	347
Ratio of earnings to fixed charges		4.42			4.47			5.97