EXHIBIT 12.1


                       RATIO OF EARNINGS TO FIXED CHARGES

         The following table sets forth our historical consolidated ratio of
earnings to fixed charges for the periods indicated.



                  YEARS ENDED DECEMBER 31,                         THREE MONTHS ENDED
 --------------------------------------------------------    ----------------------------
                                                               MARCH 31,       MARCH 31,
    1997        1998        1999       2000        2001          2001            2002
 ---------    --------    --------   --------    --------    ------------    ------------
                                                               
      -           -           -        1.1x        3.3x         3.7x             2.8x



         This ratio is computed by dividing earnings by fixed charges. Earnings
are computed as the sum of (i) income (loss) before income taxes and cumulative
effect of accounting change and (ii) fixed charges (as described below). Fixed
charges are computed as the sum of (i) interest expense, (ii) amortization of
deferred financing costs, such as premiums, discounts and capitalized expenses
related to indebtedness, and (iii) an estimate of the interest within rental
expense.