Exhibit 12.1

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

                                                   
    Year Ended December 31
    2003
  2002
  2001
  2000
  1999
  1998
Earnings as Adjusted
                                               
  Earnings from continuing operations   $ 135.2     $ 103.5     $ 84.7     $ 202.2     $ 143.1     $ 154.4  
Plus:
Income tax provision     65.9       58.1       47.5       121.1       76.2       90.9  
  Interest and other financial charges included in expense     41.0       43.3       52.9       67.6       61.0       62.7  
  Interest portion of rent expense     14.4       14.2       13.4       12.5       11.3       11.0  
  Dividends received from less-than 50% owned affiliates     0.2       0.1       0.1       0.1       0.1       0.1  
Less:
Equity in earnings of less-than 50% owned affiliates     2.4       0.8       0.3       0.2       0.2       0.2  
       
     
     
     
     
     
 
 
    $ 259.1     $ 220.0     $ 198.9     $ 403.7     $ 291.9     $ 319.3  
       
     
     
     
     
     
 
Fixed Charges
                                               
  Interest and other financial charges   $ 41.0     $ 43.3     $ 52.9     $ 67.6     $ 61.0     $ 62.7  
  Interest portion of rent expense     14.4       14.2       13.4       12.5       11.3       11.0  
  Capitalized interest     1.5       0.8                   0.6       2.0  
       
     
     
     
     
     
 
 
    $ 56.9     $ 58.3     $ 66.3     $ 80.1     $ 72.9     $ 75.7  
       
     
     
     
     
     
 
 
Ratio of earnings to fixed charges
    4.6 x     3.8 x     3.0 x     5.0x       4.0 x     4.2 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.