COLOR SPOT NURSERIES INC
10-K, EX-12.1, 2000-10-16
MISCELLANEOUS NONDURABLE GOODS
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<PAGE>

                COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES


<TABLE>
<CAPTION>

-------------------------------------------------------------------------------------------------------------
                                   9/8/95           Year            Year            Year            Year
                                  Through          Ended           Ended           Ended           Ended
                                  6/30/96         6/30/97         6/30/98         6/30/99         6/30/00
-------------------------------------------------------------------------------------------------------------
                                                                In Thousands
-------------------------------------------------------------------------------------------------------------
<S>                                <C>            <C>            <C>              <C>             <C>
Earnings:
  Pretax income from
  continuing operations            $5,057          $5,885        $(29,682)        $(2,125)        $(7,627)
-------------------------------------------------------------------------------------------------------------
Total fixed charges                 1,375           5,343          15,404          18,183          17,850
-------------------------------------------------------------------------------------------------------------
                                   ------          ------          ------          ------          ------
-------------------------------------------------------------------------------------------------------------
Total Earnings(1)                  $6,432         $11,228        $(14,278)        $16,058         $10,223
-------------------------------------------------------------------------------------------------------------
                                   ======          ======         =======         =======         =======
-------------------------------------------------------------------------------------------------------------
Fixed Charges:
 Interest expense,
 Including amortization
 of deferred financing
 fees                               $687           $4,179         $13,405         $16,464         $15,962
-------------------------------------------------------------------------------------------------------------
Interest element
 of rentals(2)                       688            1,164           1,999           1,719           1,888
-------------------------------------------------------------------------------------------------------------
                                   ------          ------          ------          ------          ------
-------------------------------------------------------------------------------------------------------------
Total Fixed Charges(1)             $1,375          $5,343         $15,404         $18,183         $17,850
-------------------------------------------------------------------------------------------------------------
                                   ======          ======         =======         =======         =======
-------------------------------------------------------------------------------------------------------------
Ratio of Earnings to
  Fixed Charges                     4.68            2.10             --              --              --
-------------------------------------------------------------------------------------------------------------
Dollar Deficiency of
  Earnings to Fixed
  Charges(3)                         --              --          $(29,682)        $(2,125)        $(7,627)
-------------------------------------------------------------------------------------------------------------
</TABLE>

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         (1) In computing the ratio of earnings to fixed charges: (a) "earnings"
have been based on income from continuing operations before income taxes and
fixed charges and (b) "fixed charges" consist of interest expense, including
amortization of deferred financing fees and the estimated interest portion of
rents.

         (2) The interest portion of rent expense was assumed to be one-third of
the total rental expense.

         (3) For the years ended June 30, 2000, 1999 and 1998, earnings are
inadequate to cover fixed charges.



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