EXHIBIT 12.1

CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES

	American
	Achievement Group
	Holding Corp.			AAC Group Holding Corp.
	Fiscal Year Ended			Fiscal Year Ended
	August 26, 2006			August 26, 2006			August 27, 2005
Net income (loss) before income taxes	$	3,192		$	8,277		$	3,550
Fixed charges: (1) Interest charges		39,331			34,246			31,271
Interest portion of lease expense		683			683			829
Total fixed charges		40,014			34,929			32,100
Net income from operations before income taxes and fixed charges	$	43,206		$	43,206		$	35,650
Ratio of earnings to fixed charges (2)		1.08	x		1.24	x		1.11	x

	American Achievement Corporation
							For the Period Ended			For the Period Ended
	Fiscal Year Ended						March 26, 2004 —			August 31, 2003 —
	August 26, 2006			August 27, 2005			August 28, 2004			March 25, 2004
Net income (loss) before income taxes	$	19,234		$	11,324		$	10,925		$	(4,583	)
Fixed charges: (1) Interest charges		23,289			23,497			10,257			16,455
Interest portion of lease expense		683			829			352			626
Total fixed charges		23,972			24,326			10,609			17,081
Net income from operations before income taxes and fixed charges	$	43,206		$	35,650		$	21,534		$	12,498
Ratio of earnings to fixed charges:(2)		1.80	x		1.47	x		2.03	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.