Exhibit 12.1

Limited Brands, Inc.

Computation of Ratio of Earnings to Fixed Charges

	Fiscal Year Ended
	Twenty-six Weeks ended July 31, 2010			January 30, 2010			January 31, 2009		February 2, 2008			February 3, 2007		January 28, 2006
Earnings:	(in millions)
Income before income taxes,   noncontrolling interest and cumulative   effect of change in accounting principle	$	431		$	650		$	449	$	1,107		$	1,096	$	958
Fixed charges (excluding capitalized   interest)		173			357			297		268			230		247
Distributions from equity method   investments, net of income or loss from   equity investees		(2	)		(5	)		102		(3	)		6		26
Total earnings	$	601		$	1,002		$	848	$	1,372		$	1,332	$	1,231
Fixed charges:
Portion of minimum rent representative of   interest	$	58		$	118		$	115	$	117		$	128	$	153
Interest on indebtedness (including   capitalized interest)		113			238			184		156			106		94
Total fixed charges	$	171		$	356		$	299	$	273		$	234	$	247
Ratio of earnings to fixed charges		3.5			2.8			2.8		5.0			5.7		5.0

For the purpose of calculating the ratios of earnings to fixed charges, we calculate earnings by adding fixed charges and distributions from equity method investees, net of income or losses from equity method investees, to pre-tax income from continuing operations before noncontrolling interests in consolidated subsidiaries and cumulative effect of changes in accounting principle.  Fixed charges include total interest and a portion of rent expense, which we believe is representative of the interest factor of our rent expense. Interest associated with income tax liabilities is excluded from our calculation.