EXHIBIT 12

GENERAL MILLS, INC.
RATIO OF EARNINGS TO FIXED CHARGES

	Fiscal Year Ended
	May 25, 2003		May 26, 2002		May 27, 2001		May 28, 2000		May 30, 1999
Ratio of Earnings to Fixed Charges		3.24		2.50		5.29		6.25		6.67

        For purposes of computing the ratio of earnings to fixed charges, earnings represent pretax income from operations, plus pretax earnings or losses of joint ventures, plus fixed charges, less adjustment for capitalized interest. Fixed charges represent gross interest expense plus one-third (the proportion deemed representative of the interest factor) of rents of continuing operations.