EXHIBIT 12.1

ICAHN ENTERPRISES L.P. AND SUBSIDIARES

RATIO OF EARNINGS TO FIXED CHARGES

(in millions, except ratio)

	Three Months Ended March 31,		Year Ended December 31,
	2013		2012		2011		2010		2009		2008
Earnings:
Income (loss) from continuing operations before income taxes, income (loss) from equity method investees and non-controlling interests	$	807	$	611	$	1,768	$	728	$	1,154	$	(3,084	)
Fixed charges		143		556		467		415		346		381
Distributed income of equity investees		-		31		16		43		7		28
Total Earnings	$	950	$	1,198	$	2,251	$	1,186	$	1,507	$	(2,675	)
Fixed Charges:
Interest expensed and capitalized	$	134	$	522	$	436	$	389	$	319	$	358
Estimated interest within rental expense		9		34		31		26		27		23
Total Fixed Charges	$	143	$	556	$	467	$	415	$	346	$	381
Ratio of earnings to fixed charges		6.6		2.2		4.8		2.9		4.4		n/a
Dollar shortfall		n/a		n/a		n/a		n/a		n/a	$	3,056