Exhibit 12.1

YUM! Brands, Inc.

Ratio of Earnings to Fixed Charges Years Ended 2007-2003

 (in millions except ratio amounts)

	52 weeks			53 weeks			52 weeks
	2007			2005			2006			2004		2003
Earnings:
Pretax income from continuing operations before cumulative effect of accounting changes	$	1,191		$	1,026		$	1,108		$	1,026	$	886
50% or less owned Affiliates’ interests, net		(7	)		(8	)		(12	)		2		1
Interest expense		217			148			172			145		185
Interest portion of net rent expense		243			179			209			164		147
Earnings available for fixed charges	$	1,644		$	1,345		$	1,477		$	1,337	$	1,219
Fixed Charges:
Interest expense	$	217		$	148		$	174		$	146	$	185
Interest portion of net rent expense		243			179			209			164		147
Total fixed charges	$	460		$	327		$	383		$	310	$	332
Ratio of earnings to fixed charges		3.57			4.11			3.86			4.31		3.67