Felcor TRS S-4 Registration of securities issued in business combination transactions

FelCor Lodging Trust Incorporated/FelCor Lodging Limited Partnership

Computation of Ratio of Earnings To Fixed Charges

	1999			2000			2001			2002			2003			Q1 04
							(amounts in thousands)
Pre-tax income (loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees		115,219			47,832			(60,322	)		(87,077	)		(312,435	)		(23,182	)
Fixed charges:
The sum of interest expensed and capitalized, amortized premiums, discounts and capitalized expenses related to indebetedness		130,685			159,700			159,982			165,130			167,949			41,878
Amortization of capitalized interest		1,109			1,200			1,269			1,225			1,191			325
Distributed income of equity investees		19,581			25,358			8,132			11,310			8,848			1,526
Interest capitalized		(5,249	)		(1,080	)		(811	)		(775	)		(588	)		(34	)
Earnings		261,345			233,010			108,250			89,813			(135,035	)		20,513
Fixed charges		130,685			159,700			159,982			165,130			167,949			41,878
Ratio of Earnings to Fixed Charges		2.0			1.5			0.7			0.5			(0.8	)		0.5
Deficiency								51,732			75,317			302,984			21,365