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Exhibit 12.1

Friendly Ice Cream Corporation
Schedule of computation of Ratio of Earnings to Fixed Charges
(In Thousands)

	Three months ended
							Fiscal Years
	March 28, 2004			March 30, 2003
							2003			2002		2001		2000			1999
	(unaudited)
(Loss) income before benefit from (provision for) income taxes, extraordinary item and cumulative effect of change in accounting principle	$	(7,327	)	$	(2,068	)	$	15,085		$	8,146	$	3,420	$	(32,027	)	$	(5,218	)
Interest and amortization of deferred finance costs		6,064			6,102			24,157			24,870		27,310		31,053			33,694
Implicit rental interest expense		1,752			1,551			6,622			6,723		5,714		6,191			6,816
Other expenses, principally debt retirement costs (a)		6,892
Total earnings		7,381			5,585			45,864			39,739		36,444		5,217			35,292
Fixed Charges
Interest and amortization of deferred finance costs		6,064			6,102			24,157			24,870		27,310		31,053			33,694
Other expenses, principally debt retirement costs (a)		6,892
Capitalized Interest		18						144					93		109			397
Implicit rental interest expense		1,752			1,551			6,622			6,723		5,714		6,191			6,816
Total fixed charges		14,726			7,653			30,923			31,593		33,117		37,353			40,907
Earnings insufficient to cover fixed charges	$	7,345		$	2,068									$	32,136		$	5,615
Ratio of earnings to fixed charges								1.5	x		1.3x		1.1x

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Exhibit 12.1

Friendly Ice Cream Corporation Schedule of computation of Ratio of Earnings to Fixed Charges (In Thousands)