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Exhibit 12.1

INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In thousands, except for ratios)
(Unaudited)

		Six Months Ended June 30,				Years Ended December 31,
		2008		2007		2007		2006		2005		2004		2003
Earnings before income taxes and minority interest			71,792		62,576		116,100		93,911		78,447		51,705		24,510
Interest expense			113		116		205		357		623		1,162		2,020
Interest portion of rental expense			1,616		1,562		3,255		3,091		2,856		2,828		2,840
	Pre-tax income plus fixed charges		73,521		64,254		119,560		97,359		81,926		55,695		29,370
Interest expense			113		116		205		357		623		1,162		2,020
Interest portion of rental expense(1)			1,616		1,562		3,255		3,091		2,856		2,828		2,840
	Total fixed charges		1,729		1,678		3,460		3,448		3,479		3,990		4,860
Ratio of earnings to fixed charges			42.5		38.3		34.6		28.2		23.5		14.0		6.0

(1)

For purposes of computing the ratio of earnings to fixed charges, earnings consist of earnings before income taxes and minority interest plus fixed charges. Fixed charges consist of interest expense and a portion (approximately 33%) of rental expense that management believes is representative of the interest component of rental expense.

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Exhibit 12.1

INTERVAL LEISURE GROUP, INC. AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (In thousands, except for ratios) (Unaudited)