Exhibit 12.1

Vector Group Ltd.
Ratio of Earnings to Fixed Charges
(Dollars in Thousands)

																	Pro-forma
																	Year ended
	Year ended December 31,																December 31,
	2003			2004			2005			2006			2007				2007
Earnings as defined:
Income (loss) from continuing operations before minority interests and income taxes	$	(19,774	)	$	6,627		$	85,768		$	68,480		$	126,603		$	118,905
Minority interests, as defined		3,375			(3,231	)		(3,317	)		—			—			—
Minority Interest of fixed charges
Distributions from non-consolidated real estate businesses		991			5,840			5,935			7,311			9,878			9,878
Amortization of capitalized interest		60			1,132			1			1			1			1
Interest expense, net of minority interests(1)		26,592			24,556			26,730			37,664			51,871			64,346
Loss (income) in equity of non-consolidated real estate businesses		(901	)		(9,782	)		(7,543	)		(9,086	)		(16,243	)		(16,243	)
Rent expense, net of minority interests		3,193			3,221			1,758			1,502			1,309			1,309
Total earnings	$	13,536		$	28,363		$	109,332		$	105,872		$	173,419		$	178,196
Fixed charges as defined:
Interest expense	$	26,592		$	24,556		$	26,730		$	37,664		$	51,871		$	64,346
Capitalized interest		117			—			—			—			—			—
Rent expense		3,193			3,221			1,758			1,502			1,309			1,309
Total fixed charges	$	29,902		$	27,777		$	28,488		$	39,166		$	53,180		$	65,655
Ratio of earnings to fixed charges (2)		—			1.02			3.84			2.70			3.26			2.71

(1) Interest expense includes changes in the fair value of derivatives embedded within convertible debt.

(2) For the year ended December 31, 2003, earnings were insufficient to cover fixed charges as evidenced by a less than one-to-one coverage ratio. Additional earnings of approximately $16,366 were necessary for the year ended December 31, 2003.