Getty Images (GYI) 10-Q 2004 Q2 Quarterly report

Exhibit 12.1

Ratio of Earnings to Fixed Charges

(in thousands, except ratios)	Six months ended June 30, 2004		Years ended December 31,
			2003		2002		2001			2000			1999
Income (loss) before income taxes and extraordinary item	$	83,837	$	87,716	$	36,087	$	(98,662	)	$	(164,151	)	$	(69,493	)
Add fixed charges
Interest expense		1,980		9,765		15,364		17,231			15,828			5,469
Interest portion of rent expense		3,081		6,113		6,235		7,005			4,935			3,333
Income (loss) before income taxes, extraordinary item and fixed charges	$	88,898	$	103,594	$	57,686	$	(74,426	)	$	(143,388	)	$	(60,691	)
Fixed charges
Interest expense	$	1,980	$	9,765	$	15,364	$	17,231		$	15,828		$	5,469
Interest portion of rent expense		3,081		6,113		6,235		7,005			4,935			3,333
Fixed charges	$	5,061	$	15,878	$	21,599	$	24,236		$	20,763		$	8,802
Ratio of earnings to fixed charges(1)		17.6		6.5		2.7		N/A			N/A			N/A
Deficiency of earnings to fixed charges(2)		N/A		N/A		N/A	$	(98,662	)	$	(164,151	)	$	(69,493	)

⁽¹⁾ Ratio of earnings to fixed charges means the ratio of income before fixed charges and income taxes to fixed charges, where fixed charges are the aggregate of interest expense, including amortization of debt issuance costs, and an allocation of rental charges to approximate equivalent interest.

⁽²⁾ Due to net losses incurred in 2001, 2000 and 1999, the ratio of earnings to fixed charges in those years was less than 1:1. We would have had to generate additional earnings in the amounts indicated in the table to have achieved a ratio of 1:1.