EXHIBIT 12.1

MATTEL, INC. AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(In thousands, except ratios)

	For The Year Ended December 31,															For the Three Months Ended
	2001			2002			2003			2004			2005			March 31, 2006
Earnings Available For Fixed Charges:
Income from continuing operations before income taxes and cumulative effect of change in accounting principles	$	430,010		$	621,497		$	740,854		$	696,254		$	652,049		$	(36,495	)
Add: minority interest losses (income) in consolidated subsidiaries		170			126			345			(93	)		142			48
Add:
Interest expense		155,132			113,897			80,577			77,764			76,490			15,203
Appropriate portion of rents (A)		14,923			16,615			16,627			18,831			20,475			5,397
Earnings available for fixed charges	$	600,235		$	752,135		$	838,403		$	792,756		$	749,156		$	(15,847	)
Fixed Charges:
Interest expense	$	155,132		$	113,897		$	80,577		$	77,764		$	76,490		$	15,203
Capitalized interest		6			43			—			—			—			—
Appropriate portion of rents (A)		14,923			16,615			16,627			18,831			20,475			5,397
Fixed charges	$	170,061		$	130,555		$	97,204		$	96,595		$	96,965		$	20,600
Ratio of earnings to fixed charges		3.53	X		5.76	X		8.63	X		8.21	X		7.73	X		(B	)

(A) Portion of rental expenses which is deemed representative of an interest factor, which is one-third of total rental expense.

(B) Due to Mattel’s loss for the three months ended March 31, 2006, the ratio coverage was less than 1:1. Mattel would have needed to generate additional earnings of approximately $36.45 million to achieve a coverage of 1:1.