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EXHIBIT 12.1

The Neiman Marcus Group, Inc.
Computation of Ratio of Earnings to Fixed Charges
(Unaudited)

				Years Ended
				July 30, 2005			July 31, 2004			August 2, 2003			August 3, 2002(1)			July 28, 2001
				(in thousands, except ratios)
Fixed Charges:
	Interest on debt			$	24,036		$	20,871		$	18,686		$	20,832		$	20,418
	Amortization of debt discount and expense				248			220			254			251			247
	Interest element of rentals				22,770			20,823			19,041			17,952			19,008
			Total fixed charges	$	47,054		$	41,914		$	37,981		$	39,035		$	39,673
Earnings:
	Earnings before income taxes, minority interest and change in accounting principle			$	399,148		$	329,313		$	205,840		$	162,244		$	178,440
	Add back:
		Fixed charges			47,054			41,914			37,981			39,035			39,673
		Amortization of capitalized interest			538			424			401			312			258
	Less:
		Capitalized interest			(5,350	)		(3,036	)		(1,425	)		(3,116	)		(1,954	)
			Total earnings	$	441,390		$	368,615		$	242,797		$	198,475		$	216,417
Ratio of earnings to fixed charges					9.4			8.8			6.4			5.1			5.5

(1)

2002 includes 53 weeks of operations while the other years presented consist of 52 weeks of operations.

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EXHIBIT 12.1

The Neiman Marcus Group, Inc. Computation of Ratio of Earnings to Fixed Charges (Unaudited)