Lamar Advertising (LAMR) 10-Q 2008 Q1 Quarterly report

Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES(1)

The following table sets forth Lamar Advertising’s ratio of earnings to fixed charges for the periods indicated.

	YEARS ENDED DECEMBER 31,															March 31,
(dollars in thousands)	2003			2004			2005			2006			2007			2008			2007
Net income (loss)		(39,755	)		13,155			41,779			43,899			46,217			(1,534	)		8,839
Income tax (benefit) expense		(23,573	)		11,305			31,899			34,227			37,185			(1,197	)		6,779
Fixed charges		142,545			127,933			147,069			173,889			226,537			57,870			47,463
Earnings		79,217			152,393			220,747			252,015			309,939			55,139			63,081
Interest expense, Net		93,285			75,584			89,160			111,644			159,849			40,319			31,352
Rents under leases representative of an interest factor (1/3)		48,895			51,984			57,544			61,880			66,323			17,460			16,617
Preferred dividends		365			365			365			365			365			91			91
Fixed Charges		142,545			127,933			147,069			173,889			226,537			57,870			48,060
Ratio of earnings to fixed charges(2)		0.6	x		1.2	x		1.5	x		1.5	x		1.4	x		1.0	x		1.3	x

(1)

The ratio of earnings to fixed charges is defined as earnings divided by fixed charges. For purposes of this ratio, earnings is defined as net income (loss) before income taxes and cumulative effect of a change in accounting principle and fixed charges. Fixed charges is defined as the sum of interest expense, preferred stock dividends and the component of rental expense that we believe to be representative of the interest factor for those amounts.

(2)

For the year ended December 31, 2003 and the three months ended March 31, 2008, earnings were insufficient to cover fixed charges by $63.3 million and $2.7 million, respectively.