Exhibit 12.1

Brunswick Corporation
Computation of Ratio of Earnings to Fixed Charges (A)
(In millions)

                                                         
    Three Months    
    Ended March 31
   Year Ended December 31
    2004
   2003
   2003
   2002
   2001
   2000
   1999
Earnings as Adjusted
                                                        
Earnings from continuing operations
   $ 48.0     $ 3.8     $ 135.2     $ 103.5     $ 84.7     $ 202.2     $ 143.1  
Plus: Income tax provision
     23.6       2.1       65.9       58.1       47.5       121.1       76.2  
Interest and other financial charges included in expense
     10.1       10.7       41.0       43.3       52.9       67.6       61.0  
Interest portion of rent expense
     4.0       3.6       14.4       14.2       13.4       12.5       11.3  
Dividends received from less-than 50% owned affiliates
     —       —       0.2       0.1       0.1       0.1       0.1  
Less: Equity in earnings of less-than 50% owned affiliates
     2.0       —       2.4       0.8       0.3       0.2       0.2  
 
    
 		      
 		      
 		      
 		      
 		      
 		      
 		  
 
   $ 87.7     $ 20.2     $ 259.1     $ 220.0     $ 198.9     $ 403.7     $ 291.9  
 
    
 		      
 		      
 		      
 		      
 		      
 		      
 		  
Fixed Charges
                                                        
Interest and other financial charges
   $ 10.1     $ 10.7     $ 41.0     $ 43.3     $ 52.9     $ 67.6     $ 61.0  
Interest portion of rent expense
     4.0       3.6       14.4       14.2       13.4       12.5       11.3  
Capitalized interest
     —       —       1.5       0.8       —       —       0.6  
 
    
 		      
 		      
 		      
 		      
 		      
 		      
 		  
 
   $ 14.1     $ 14.3     $ 56.9     $ 58.3     $ 66.3     $ 80.1     $ 72.9  
 
    
 		      
 		      
 		      
 		      
 		      
 		      
 		  
Ratio of earnings to fixed charges
     6.2 x     1.4 x     4.6 x     3.8 x     3.0 x     5.0 x     4.0 x
 
    
 		      
 		      
 		      
 		      
 		      
 		      
 		  

(A)   For computation of the ratio of earnings to fixed charges, “earnings” have been calculated by adding fixed charges (excluding capitalized interest) to earnings from continuing operations before income taxes and then deducting the undistributed earnings of affiliates. Fixed charges consist of interest expense, estimated interest portion of rental expense and capitalized interest.