EXHIBIT 12.1

The Neiman Marcus Group, Inc.

Computation of Ratio of Earnings to Fixed Charges

(Unaudited)

	Years Ended
(in thousands, except ratios)	August 2, 2003			August 3, 2002 (1)			July 28, 2001			July 29, 2000			July 31, 1999
Fixed Charges:
Interest on debt	$	18,686		$	20,787		$	20,418		$	28,145		$	26,094
Amortization of debt discount and expense	254			251			247			267			267
Interest element of rentals	19,041			17,952			19,008			17,193			16,005
Total fixed charges	37,981			38,990			39,673			45,605			42,366
Earnings:
Earnings before income taxes, minority interest and change in accounting  principle	205,840			162,244			178,440			222,979			157,642
Add back:
Fixed charges	37,981			38,990			39,673			45,605			42,366
Amortization of capitalized interest	401			312			258			232			230
Less:
Capitalized interest	(1,425		)	(3,116		)	(1,954		)	(427		)	(379		)
Total earnings	$	242,797		$	198,430		$	216,417		$	268,389		$	199,859
Ratio of earnings to fixed charges	6.4			5.1			5.5			5.9			4.7

(1)  2002 includes fifty-three weeks of operations while the other years presented consist of fifty-two weeks of operations.