Exhibit 12.02 Travelers Group Inc. and Subsidiaries Computation of Ratio of Earnings to Fixed Charges (In millions of dollars, except for ratio) Three months ended March 31, ------------------ 1997 1996 ------ ------ Income from continuing operations before income taxes and minority interest $1,347 $1,315 Interest 2,378 2,234 Portion of rentals deemed to be interest 30 33 ------ ------ Earnings available for fixed charges $3,755 $3,582 ====== ====== Fixed charges - ------------- Interest $2,378 $2,234 Portion of rentals deemed to be interest 30 33 ------ ------ Fixed charges $2,408 $2,267 ====== ====== Ratio of earnings to fixed charges 1.56x 1.58x ====== ======