1
                                                               Exhibit 12

                                 FEDDERS CORPORATION
                  Computation of Ratio of Earnings To Fixed Charges
                            (Dollar amounts in thousands)




                                                                                                                        
                                                                Years Ended August 31, 
                                             ------------------------------------------------------------- 
                             
                                                1993         1994        1995          1996         1997
                                                                                    
Earnings:                                                                                       
Income (loss) from continuing operations                                                        
before taxes, extraordinary items and                                                           
cumulative effect of accounting changes        $(2,340)     $19,803     $35,691      $50,266       $28,867
                                                                                                
Add:                                                                                            
Portion of rent representative of the                                                           
    interest factor                              1,261        1,186         694          675         1,250
  Interest expense                               4,247        4,325       2,713        2,362         4,350
                                             ------------------------------------------------------------- 
Income (loss) as adjusted                        3,168       25,314      39,098       53,303        34,467
                                             ============================================================= 
Fixed charges:                                                                                  
  Interest expense                               4,247        4,325       2,713        2,362         4,350
  Portion of rent representative of the                                                         
    interest factor                              1,261        1,186         694          675         1,250
                                             ------------------------------------------------------------- 
      Fixed charges                             $5,508       $5,511      $3,407       $3,037        $5,600
                                             ============================================================= 
Ratio of earnings to fixed charges                  --         4.59       11.48        17.55          6.15
                                             ============================================================= 
Deficiency of earnings versus                                                                   
  fixed charges                                 $2,340           --          --           --            --
                                             =============================================================