INTERNATIONAL HOME FOODS INC
10-Q, EX-12, 2000-08-11
CANNED, FROZEN & PRESERVD FRUIT, VEG & FOOD SPECIALTIES
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<PAGE>   1


                         INTERNATIONAL HOME FOODS, INC.
                 (DOLLARS IN MILLIONS, EXCEPT PER SHARE AMOUNTS)
                                   (UNAUDITED)


EXHIBIT 12.1     COMPUTATION OF CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES

<TABLE>
<CAPTION>
                                                                                      Six Months Ended
                                                                            June 30, 2000         June 30, 1999
                                                                            ------------          ------------

 <S>                                                                        <C>                   <C>
            Income before provision for income taxes                        $     89,481          $     96,099

            Add (subtract):

                  Interest on term loans and notes                                47,329                48,204

                  Amortization of debt cost                                        2,011                 2,156

                  Portion of rents representative of interest                        811                   950
                                                                            ------------          ------------

            Income as adjusted                                              $    139,632          $    147,409


            Fixed Charges

                  Interest on term loans and notes                          $     47,329          $     48,204

                  Amortization of debt costs                                       2,011                 2,156

                  Portion of rents representative of interest                        811                   950
                                                                            ------------          ------------

                  Total fixed charges                                       $     50,151          $     51,310

            Consolidated Ratio of Earnings to Fixed Charges                         2.78                  2.87
                                                                            ============          ============
</TABLE>












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