EXHIBIT 12.1

    Computation of Ratio of Earnings to Combined Fixed Charges and Preferred
                                Stock Dividends

The historical ratio of earnings to combined fixed charges and preferred stock
dividends for the periods indicated is as follows:



                                     Year ended December 31,
                                --------------------------------
                                2006   2005   2004   2003   2002
                                ----   ----   ----   ----   ----
                                             
Ratio of Earnings to Combined
   Fixed Charges and
   Preferred Stock Dividends    1.26   1.34   1.16   --     1.61


For the purpose of calculating the above ratios, earnings represent:

     -    income from continuing operations before adjustment for income or loss
          from equity investees; plus

     -    fixed charges; plus

     -    amortization of capitalized expenses related to indebtedness; plus

     -    distributed income of equity investees; minus

     -    preferred stock dividend requirements of consolidated subsidiaries.

Combined fixed charges and preferred stock dividends represent:

     -    interest expensed; plus

     -    amortized premiums, discounts and capitalized expenses related to
          indebtedness; plus

     -    preferred stock dividend requirements of consolidated subsidiaries.

The ratios are based solely on historical financial information and no pro forma
adjustments have been made thereto. For the year ended December 31, 2003,
earnings were insufficient to cover combined fixed charges and preferred stock
dividends by $20,200.