EXHIBIT 12.1

CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES

	AAC Group
	Holding
	Corp.			American Achievement Corporation
	For the year			For the year			For the period			For the			For the year
	ended August 27,			ended August 27,			March 26, 2004 –			period August 31,			ended August 30,
	2005			2005			August 28, 2004			2003 – March 25, 2004			2003
Net income (loss) before income taxes	$	4,477		$	12,251		$	10,925		$	(4,583	)	$	10,898
Fixed charges: (1)
Interest charges		31,271			23,497			10,257			16,455			28,940
Interest portion of lease expense		829			829			352			626			983
Total fixed charges		32,100			24,326			10,609			17,081			29,923
Net income from operations before income taxes and fixed charges	$	36,577		$	36,577		$	21,534		$	12,498		$	40,821
Ratio of earnings to fixed charges:(2)		1.14	x		1.50	x		2.03	x		—			1.36	x

(1)

During the periods presented the Company had no preferred stock outstanding that required a cash payment. Therefore, the ratio of earnings to combined fixed charges and preferred dividends was the same as the ratio of earnings to fixed charges for each of the periods presented.

(2)

For purposes of computing this ratio, earnings consist of income (loss) before taxes on income and fixed charges. Fixed charges consist of interest expense, amortization of deferred debt issuance costs and the portion of rental expense that includes an interest factor. Earnings before fixed charges were insufficient to cover fixed charges by approximately $4.6 million for the period from August 31, 2003 to March 25, 2004.

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