Exhibit 12

Limited Brands, Inc.

Computation of Ratio of Earnings to Fixed Charges

(Dollars in Millions)

	For the Fiscal Years Ended
	February 3, 2007		January 28, 2006		January 29, 2005		January 31, 2004		February 1, 2003
Earnings:
Income before income taxes, minority interest and cumulative effect of change in accounting principle	$	1,096	$	958	$	1,116	$	1,166	$	843
Fixed charges (excluding capitalized interest)		230		247		225		228		197
Distributions from equity method investments, net of income or loss from equity investees		6		26		11		17		39
Total earnings	$	1,332	$	1,231	$	1,352	$	1,411	$	1,079
Fixed charges:
Portion of minimum rent representative of interest	$	128	$	153	$	167	$	166	$	167
Interest on indebtedness (including capitalized interest)		106		94		58		62		30
Total fixed charges	$	234	$	247	$	225	$	228	$	197
Ratio of earnings to fixed charges		5.7		5.0		6.0		6.2		5.5