EXHIBIT 12.0

(PAGE 1 0F 2)

MATTEL, INC. AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(In thousands, except ratios)

	FOR THE NINE MONTHS ENDED						FOR THE YEAR ENDED DECEMBER 31, (a)
	Sept. 30, 2004			Sept. 30, 2003			2003			2002			2001			2000			1999
	(Unaudited)
EARNINGS AVAILABLE FOR FIXED CHARGES:
Income from continuing operations before income taxes and cumulative effect of changes in accounting principles	$	396,013		$	446,905		$	740,854		$	621,497		$	430,010		$	225,424		$	170,164
Less (plus) minority interest and undistributed income (loss) of less-than-majority-owned affiliates, net		248			(2	)		345			126			170			440			145
Add:
Interest expense		52,456			56,847			80,577			113,897			155,132			152,979			131,609
Appropriate portion of rents (b)		13,644			12,372			16,627			16,615			14,923			14,748			11,974
Earnings available for fixed charges	$	462,361		$	516,122		$	838,403		$	752,135		$	600,235		$	393,591		$	313,892
FIXED CHARGES:
Interest expense	$	52,456		$	56,847		$	80,577		$	113,897		$	155,132		$	152,979		$	131,609
Capitalized interest		—			—			—			43			6			507			527
Appropriate portion of rents (b)		13,644			12,372			16,627			16,615			14,923			14,748			11,974
Fixed charges	$	66,100		$	69,219		$	97,204		$	130,555		$	170,061		$	168,234		$	144,110
Ratio of earnings to fixed charges		6.99	X		7.46	X		8.63	X		5.76	X		3.53	X		2.34	X		2.18	X

(a) Although Mattel merged with The Learning Company, Inc. (“Learning Company”) in May 1999, the results of operations of Learning Company have not been included in this calculation since the Consumer Software segment was reported as a discontinued operation effective March 31, 2000.

(b) Portion of rental expenses which is deemed representative of an interest factor, not to exceed one-third of total rental expense.

EXHIBIT 12.0

(Page 2 of 2)

MATTEL, INC. AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES

AND PREFERRED STOCK DIVIDENDS

(In thousands, except ratios)

	FOR THE NINE MONTHS ENDED						FOR THE YEAR ENDED DECEMBER 31, (a)
	Sept. 30, 2004			Sept. 30, 2003			2003			2002			2001			2000			1999
	(Unaudited)
EARNINGS AVAILABLE FOR FIXED CHARGES:
Income from continuing operations before income taxes and cumulative effect of changes in accounting principles	$	396,013		$	446,905		$	740,854		$	621,497		$	430,010		$	225,424		$	170,164
Less (plus) minority interest and undistributed income (loss) of less-than-majority-owned affiliates, net		248			(2	)		345			126			170			440			145
Add:
Interest expense		52,456			56,847			80,577			113,897			155,132			152,979			131,609
Appropriate portion of rents (b)		13,644			12,372			16,627			16,615			14,923			14,748			11,974
Earnings available for fixed charges	$	462,361		$	516,122		$	838,403		$	752,135		$	600,235		$	393,591		$	313,892
FIXED CHARGES:
Interest expense	$	52,456		$	56,847		$	80,577		$	113,897		$	155,132		$	152,979		$	131,609
Capitalized interest		—			—			—			43			6			507			527
Dividends - Series C preferred stock		—			—			—			—			—			—			3,980
Appropriate portion of rents (b)		13,644			12,372			16,627			16,615			14,923			14,748			11,974
Fixed charges	$	66,100		$	69,219		$	97,204		$	130,555		$	170,061		$	168,234		$	148,090
Ratio of earnings to combined fixed charges and preferred stock dividends		6.99	X		7.46	X		8.63	X		5.76	X		3.53	X		2.34	X		2.12	X

(a) Although Mattel merged with Learning Company in May 1999, the results of operations of Learning Company have not been included in this calculation since the Consumer Software segment was reported as a discontinued operation effective March 31, 2000.

(b) Portion of rental expenses which is deemed representative of an interest factor, not to exceed one-third of total rental expense.