Exhibit 12.1

SAFEWAY INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(Dollars in millions)

	Fiscal Year
	52 Weeks 2004			53 Weeks 2003			52 Weeks 2002			52 Weeks 2001			52 Weeks 2000
Income before income taxes and cumulative effect of accounting change	$	793.9		$	141.1		$	532.3		$	2,095.0		$	1,866.5
Add interest expense		411.2			442.4			430.8			446.9			457.2
Add interest on rental expense (a)		258.2			258.6			257.6			242.4			218.7
(Less) add equity in (earnings) losses of unconsolidated affiliates, net		(12.6	)		7.1			0.2			(20.2	)		(31.2	)
(Less) add minority interest in subsidiary		(10.1	)		(10.4	)		(5.5	)		—			1.1
Earnings	$	1,440.6		$	838.8		$	1,215.4		$	2,764.1		$	2,512.3
Interest expense	$	411.2		$	442.4		$	430.8		$	446.9		$	457.2
Add capitalized interest		19.7			21.9			31.0			25.7			17.0
Add interest on rental expense (a)		258.2			258.6			257.6			242.4			218.7
Fixed charges	$	689.1		$	722.9		$	719.4		$	715.0		$	692.9
Ratio of earnings to fixed charges		2.09			1.16			1.69			3.87			3.63

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