Exhibit 12.1

Lowe’s Companies, Inc.
Statement Re Computation of Ratio of Earnings to Fixed Charges
In Millions, Except Ratio Data

   
Fiscal Years Ended On
  
Six Months Ended
   
January 30,
  
January 28,
  
February 3,
  
February 2,
  
February 1,
  
August 3,
  
August 1,
   
2004
  
2005
  
2006
  
2007
  
2008
  
2007
  
2008
Earnings:
                                          
   Earnings Before Income Taxes
   $  
2,908
   $   
3,520
  
$ 
 4,496
   $ 
 4,998
  
$ 
 4,511
   $ 
 2,828
   $ 
 2,470
Add: Fixed Charges
    
 303
    
 310
    
 340
    
 344
    
 424
    
 192
    
245
Less: Capitalized Interest
    
 (26)
    
 (28)
    
 (28)
    
 (32)
    
 (65)
    
 (8)
    
(15)
Adjusted Earnings
   $    
3,185
  
$      
 3,802
   $ 
4,808
  
$ 
 5,310
   $ 
4,870
   $ 
 3,012
   $ 
 2,700
                                           
Fixed Charges:
                                          
Interest Expense(1)
   $   
 224
   $ 
 220
   $ 
 231
  
$ 
 238
   $ 
 301
   $ 
 133
   $ 
 178
Rental Expense(2)
    
 79
    
 90
    
 109
    
 106
    
 123
    
 59
    
67
Total Fixed Charges
   $   
 303
   $   
 310
   $ 
 340
   $ 
344
   $ 
424
   $ 
 192
   $ 
 245
                                           
                                           
Ratio of Earnings to Fixed Charges
  
 
 10.5
    
 12.3
    
 14.1
    
 15.4
    
 11.5
    
 15.7
    
 11.0

(1) Interest accrued on uncertain tax positions is excluded from Interest Expense in the computation of Fixed Charges.

(2) The portion of rental expense that is representative of the interest factor in these rentals.