Vector (VGR) 10-Q 2013 Q3 Quarterly report

Exhibit 12.1

VECTOR GROUP LTD.

Computation of Ratio of Earnings to Fixed Charges

(Dollars in Thousands, Except Ratios)

(Unaudited)

	Nine Months Ended September 30,				Year Ended December 31,
	2013		2012		2012		2011		2010		2009		2008
Earnings as defined:
Pre-tax income (loss)	(34,348	)	25,180		53,717		123,157		85,570		28,537		94,572
Distributions from investees	3,341		12,807		19,169		9,322		12,212		6,715		13,741
Interest expense	112,204		114,647		132,538		93,939		72,572		104,415		37,998
(Income) in equity of affiliate	(16,774	)	(20,969	)	(29,764	)	(19,966	)	(23,963	)	(15,213	)	(24,399	)
Interest portion of rental expense (1)	1,498		1,201		1,367		1,438		1,223		1,301		1,275
Total earnings	65,921		132,866		177,027		207,890		147,614		125,755		123,187
Fixed charges as defined:
Interest expense	112,204		114,647		132,538		93,939		72,572		104,415		37,998
Interest portion of rent expense (1)	1,498		1,201		1,367		1,438		1,223		1,301		1,275
Total fixed charges	113,702		115,848		133,905		95,377		73,795		105,716		39,273
Ratio of earnings to fixed charges	0.58		1.15		1.32		2.18		2.00		1.19		3.14

________________________

(1) One-third of rent expense is the portion deemed representative of the interest factor.