EXHIBIT 12.1

SPRINT CORPORATION

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

	2004			2003			2002			2001			2000
	(millions)
Earnings
Income (loss) from continuing operations before income taxes	$	(1,603	)	$	(504	)	$	401		$	(2,350	)	$	(1,052	)
Capitalized interest		(57	)		(59	)		(90	)		(110	)		(107	)
Net losses in equity method investees		41			79			119			175			256
Subtotal		(1,619	)		(484	)		430			(2,285	)		(903	)
Fixed charges
Interest charges		1,339			1,496			1,560			1,383			1,169
Interest factor of operating rents		371			377			422			396			347
Total fixed charges		1,710			1,873			1,982			1,779			1,516
Earnings (loss), as adjusted	$	91		$	1,389		$	2,412		$	(506	)	$	613
Preferred stock dividends paid	$	7		$	7		$	7		$	7		$	7
Total fixed charges		1,710			1,873			1,982			1,779			1,516
Total fixed charges and preferred stock dividends	$	1,717		$	1,880		$	1,989		$	1,786		$	1,523
Ratio of earnings to fixed charges and preferred stock dividends		—	(1)		—	(2)		1.21			—	(3)		—	(4)

Note: The ratios of earnings to combined fixed charges and preferred stock dividends were computed by dividing the sum of fixed charges and pretax earnings required to cover preferred stock dividend into the sum of earnings (after certain adjustments) and fixed charges. Earnings included income from continuing operations before income taxes, plus net losses in equity method investees, less capitalized interest. Fixed charges included interest on all debt of continuing operations, including amortization of debt issuance costs, and the interest component of operating rents.

(1) Earnings, as adjusted, were inadequate to cover fixed charges and preferred stock dividends by $1.6 billion in 2004.

(2) Earnings, as adjusted, were inadequate to cover fixed charges and preferred stock dividends by $491 million in 2003.

(3) Earnings, as adjusted, were inadequate to cover fixed charges and preferred stock dividends by $2.3 billion in 2001.

(4) Earnings, as adjusted, were inadequate to cover fixed charges and preferred stock dividends by $910 million in 2000.