Icahn Enterprises (IEP) 10-K/A 2008 FY Annual report (amended)

  EXHIBIT 12.1

ICAHN ENTERPRISES L.P. AND SUBSIDIARIES

RATIO OF EARNINGS TO FIXED CHARGES

(In millions, except ratio)

	Three Months Ended		Year Ended December 31,
	March 31, 2009		2008			2007		2006		2005		2004
Earnings:
Income from continuing operations before income taxes and income (loss) from equity investees	$	116	$	(3,145	)	$	489	$	995	$	296	$	186
Fixed charges		78		344			157		106		79		33
Distributed income of equity investees		-		28			-		-		-		-
Total Earnings	$	194	$	(2,773	)	$	646	$	1,101	$	375	$	219
Fixed Charges:
Interest expense	$	72	$	323		$	150	$	97	$	74	$	32
Interest capitalized		-		-			-		-		-		-
Estimated interest within rental expense		6		21			7		9		5		1
Total Fixed Charges	$	78	$	344		$	157	$	106	$	79	$	33
Ratio of earnings to fixed charges		2.5		n/a			4.1		10.4		4.7		6.6
Dollar shortfall		n/a	$	3,117			n/a		n/a		n/a		n/a