1 INTERNATIONAL HOME FOODS, INC. (DOLLARS IN THOUSANDS) (UNAUDITED) EXHIBIT 12.1 COMPUTATION OF CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES Nine Months Ended September 30, 1999 September 30, 1998 ------------------ ------------------ Income/(loss) before provision for income taxes $ 150,009 $ (8,735) Add: Interest on term loans and notes 72,796 68,413 Amortization of debt cost 3,223 2,377 Interest Portion of rentals 1,426 1,729 --------------- --------------- Income as adjusted $ 227,454 $ 63,784 Fixed Charges Interest on term loans and notes $ 72,796 $ 68,413 Amortization of debt costs 3,223 2,377 Interest Portion of rentals 1,426 1,729 --------------- --------------- Total fixed charges $ 77,445 $ 72,519 Ratio of Earnings to Fixed Charges 2.94 0.88 =============== ===============