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Exhibit 12.1

Computation of Ratios of Earnings to Fixed Charges

			Years ended
			2001			2000
Income (loss) before extraordinary item			$	(49,944	)	$	196,478
Add: fixed charges, net capitalized interest				17,992			17,750
	Earnings (loss) before fixed charges		$	(31,952	)	$	214,228
Fixed charges:
	Interest expense including amortization of debt issuance costs		$	17,992		$	17,750
	Capitalized interest			448			193
		Total fixed charges		18,440			17,943
Ratio of earnings to fixed charges				—	(1)		12.1

(1)

For the year ended 2001, the Company had a deficiency of earnings compared to its fixed charges of $50,392.

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Exhibit 12.1