Exhibit 12.1

SAFEWAY INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in millions)

	Fiscal Year
	53 Weeks 2003			52 Weeks 2002			52 Weeks 2001			52 Weeks 2000			52 Weeks 1999
Income before income taxes and cumulative effect of accounting change	$	141.1		$	532.3		$	2,095.0		$	1,866.5		$	1,674.0
Add interest expense		442.4			430.8			446.9			457.2			362.2
Add interest on rental expense (a)		258.6			257.6			242.4			218.7			183.0
Add (less) equity in losses (earnings) of unconsolidated affiliates, net		7.1			0.2			(20.2	)		(31.2	)		(34.5	)
(Less) add minority interest in subsidiary		(10.4	)		(5.5	)		—			1.1			5.9
Earnings	$	838.8		$	1,215.4		$	2,764.1		$	2,512.3		$	2,190.6
Interest expense	$	442.4		$	430.8		$	446.9		$	457.2		$	362.2
Add capitalized interest		21.9			31.0			25.7			17.0			9.3
Add interest on rental expense (a)		258.6			257.6			242.4			218.7			183.0
Fixed charges	$	722.9		$	719.4		$	715.0		$	692.9		$	554.5
Ratio of earnings to fixed charges		1.16			1.69			3.87			3.63			3.95

(a) Based on a 10% discount factor on the estimated present value of future operating lease payments.