Exhibit 12.1
The Manitowoc Company, Inc.
Statement of Computation of Ratio of Earnings
Earnings to Fixed Charges
			Earnings to Fixed Charges
			(in thousands, except Ratio Data)
			For the year ended December 31,
			2002	2001	2000	1999	1998	1997
Earnings from continuing operations, before income taxes			$         62,780	$         79,475	$         89,441	$         96,414	$         77,282	$         54,215
Fixed charges			58,729	42,275	15,509	12,374	10,595	7,221
	Total earnings available for fixed charges		121,509	121,750	104,950	108,788	87,877	61,436
Fixed Charges:
	Interest expense (1)		47,872	34,204	12,137	10,143	9,274	5,896
	Amortization of deferred financing costs (1)		4,091	3,204	672	637	420	300
	Portion of rent deemed interest factor (2)		6,766	4,867	2,700	1,594	901	1,025
		Total fixed charges	58,729	42,275	15,509	12,374	10,595	7,221
Ratio of earnings to fixed charges			2.1x	2.9x	6.8x	8.8x	8.3x	8.5x
Notes for explanations:
NOTE - 1997 through 2001 amounts have been restated for the discontinued operations presentation of Manitowoc Boom Trucks, Inc. and Femco Machine Company, Inc.
(1)		Amortization of deferred financing costs is included in interest expense in the company's Consolidated Statement of Earnings:
			For the year ended December 31,
			2002	2001	2000	1999	1998	1997
		Interest expense per statement of earnings	$         51,963	$         37,408	$         12,809	$         10,780	$           9,694	$           6,196
		Less amortization of deferred financing costs	4,091	3,204	672	637	420	300
		Interest expense	$         47,872	$         34,204	$         12,137	$         10,143	$           9,274	$           5,896
(2)		One third of all rent expense is deemed representative of the interest factor.