Exhibit 12

ALTRIA GROUP, INC. AND SUBSIDIARIES

Computation of Ratios of Earnings to Fixed Charges

(in millions of dollars)

	Six Months Ended June 30, 2004			Three Months Ended June 30, 2004
Earnings before income taxes and minority interest	$	7,047		$	3,619
Add (deduct):
Equity in net earnings of less than 50% owned affiliates		(88	)		(43	)
Dividends from less than 50% owned affiliates		43			3
Fixed charges		881			435
Interest capitalized, net of amortization		4			2
Earnings available for fixed charges	$	7,887		$	4,016
Fixed charges:
Interest incurred:
Consumer products	$	703		$	347
Financial services		50			24
		753			371
Portion of rent expense deemed to represent interest factor		128			64
Fixed charges	$	881		$	435
Ratio of earnings to fixed charges		9.0			9.2

Exhibit 12

ALTRIA GROUP, INC. AND SUBSIDIARIES

Computation of Ratios of Earnings to Fixed Charges

(in millions of dollars)

	For the Years Ended December 31,
	2003			2002			2001			2000			1999
Earnings before income taxes, minority interest and cumulative effect of accounting change	$	14,760		$	18,098		$	14,284		$	14,087		$	12,821
Add (deduct):
Equity in net earnings of less than 50% owned affiliates		(205	)		(235	)		(228	)		(228	)		(197	)
Dividends from less than 50% owned affiliates		45			32			29			70			56
Fixed charges		1,731			1,643			1,945			1,348			1,363
Interest capitalized, net of amortization		10			10			10			7			(2	)
Earnings available for fixed charges	$	16,341		$	19,548		$	16,040		$	15,284		$	14,041
Fixed charges:
Interest incurred:
Consumer products	$	1,370		$	1,331		$	1,665		$	1,087		$	1,118
Financial services		105			100			102			114			89
		1,475			1,431			1,767			1,201			1,207
Portion of rent expense deemed to represent interest factor		256			212			178			147			156
Fixed charges	$	1,731		$	1,643		$	1,945		$	1,348		$	1,363
Ratio of earnings to fixed charges (A)		9.4			11.9			8.2			11.3			10.3

(A) Earnings before income taxes and minority interest for the year ended December 31, 2002 include a non-recurring pre-tax gain of $2,631 million related to the Miller Brewing Company transaction. Excluding this gain, the ratio of earnings to fixed charges would have been 10.3 for the year ended December 31, 2002.

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