EXHIBIT 12.1 BRUNSWICK CORPORATION COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (DOLLARS IN MILLIONS)

SIX MONTHS ENDED JUNE 30 YEAR ENDED DECEMBER 31 ------------------ ---------------------------------------- 2001 2000 2000 1999 1998 1997 1996 ------- -------- -------- ------ ------ ------ ------ EARNINGS AS ADJUSTED Earnings from continuing operations $ 81.0 $142.2 $ 202.2 $143.1 $154.4 $111.3 $160.6 Plus: Income tax provision 48.6 85.4 121.1 76.2 90.9 62.5 90.3 Interest and other financial charges included in expense 27.7 35.2 67.6 61.0 62.7 51.3 33.4 Interest portion of rent expense 6.2 6.2 12.5 11.3 11.0 8.9 8.8 Dividends received from less-than 50% owned affiliates - - 0.1 0.1 0.1 - - Less: Equity in earnings of less-than 50% owned affiliates 0.5 - 0.2 0.2 0.2 0.2 - ------- -------- -------- ------ ------ ------ ------ $164.0 $269.0 $ 403.7 $291.9 $319.3 $234.2 $293.1 ======= ======== ======== ====== ====== ====== ====== FIXED CHARGES Interest and other financial charges $ 27.7 $ 35.2 $ 67.6 $ 61.0 $ 62.7 $ 51.3 $ 33.4 Interest portion of rent expense 6.2 6.2 12.5 11.3 11.0 8.9 8.8 Capitalized interest - - - 0.6 2.0 - - ------- -------- -------- ------ ------ ------ ------ $ 33.9 $ 41.4 $ 80.1 $ 72.9 $ 75.7 $ 60.2 $ 42.2 ======= ======== ======== ====== ====== ====== ====== RATIO OF EARNINGS TO FIXED CHARGES 4.8x 6.5x 5.0x 4.0x 4.2x 3.9x 6.9x ------- -------- -------- ------ ------ ------ ------ (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.