Exhibit 12.1

Kohl’s Corporation

Ratio of Earnings to Fixed Charges

(Dollars in Millions)

	2008			2007			2006
Earnings
Income before income taxes	$	1,425		$	1,742		$	1,774
Fixed charges		408			347			268
Less: interest capitalized during period		(8	)		(16	)		(8	)
	$	1,825		$	2,073		$	2,034
Fixed Charges
Interest (expensed or capitalized)	$	140		$	98		$	75
Portion of rent expense representative of interest		267			248			192
Amortization of deferred financing fees		1			1			1
	$	408		$	347		$	268
Ratio of earnings to fixed charges		4.47			5.97			7.61