Exhibit 12.1
Alliance Capital Management L.P.
Consolidated Ratio of Earnings to Fixed Charges
(in Thousands)
Three Months Ended Years Ended
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March 31, March 31, December 31, December 31, December 31, December 31, December 31,
2001 2000 2000 1999 1998 1997 1996
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Earnings:
Income Before Income
Taxes.................. 161,994 181,112 709,345 528,820 348,712 147,762 207,590
Other....................... 1,941 (55) 3,525 7,448 5,362 643 1,002
Fixed Charges............... 12,589 14,122 44,244 22,587 7,586 2,968 1,923
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Total Earnings 176,524 195,179 757,144 558,855 361,660 151,373 210,515
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Fixed Charges:
Interest Expense............ 12,589 14,122 44,244 22,587 7,586 2,968 1,923
Estimate of Interest
Component in Rent
Expense(1).................. -- -- -- -- -- -- --
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Total Fixed Charges............ 12,589 14,122 44,244 22,587 7,586 2,968 1,923
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Consolidated Ratio of Earnings
to Fixed Charges............... 14.02 13.82 17.11 24.74 47.67 51.00 109.47
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1 Alliance Capital Management L.P. has not entered into financing leases during these periods.