EXHIBIT 12.1

CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES

	American Achievement Group Holding Corp.
($ in thousands)	Fiscal Year Ended
	August 30, 2008			August 25, 2007			August 26, 2006
Income (loss) from continuing operations before income taxes	$	(32,001)		$	(19,572)		$	1,107
Fixed charges: (1) Interest charges		65,050			59,838			39,877
Interest portion of lease expense		568			572			638
Total fixed charges		65,618			60,410			40,515
Income from continuing operations before income taxes and fixed charges	$	33,617		$	40,838		$	41,622
Ratio of earnings to fixed charges (2)		-			-			1.03	x
	AAC Group Holding Corp.
	Fiscal Year Ended
	August 30, 2008			August 25, 2007			August 26, 2006
Income from continuing operations before income taxes	$	7,452		$	6,181		$	6,192
Fixed charges: (1) Interest charges		33,331			34,069			34,792
Interest portion of lease expense		568			572			638
Total fixed charges		33,899			34,641			35,430
Income from continuing operations before income taxes and fixed charges	$	41,351		$	40,822		$	41,622
Ratio of earnings to fixed charges (2)		1.22	x		1.18	x		1.17	x
	American Achievement Corporation
	Fiscal Year Ended
	August 30, 2008			August 25, 2007			August 26, 2006
Income from continuing operations before income taxes	$	20,446		$	17,639		$	17,149
Fixed charges: (1) Interest charges		20,318			22,587			23,776
Interest portion of lease expense		568			572			638
Total fixed charges		20,886			23,159			24,414
Income from continuing operations before income taxes and fixed charges	$	41,332		$	40,798		$	41,563
Ratio of earnings to fixed charges:(2)		1.98	x		1.76	x		1.70	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) from continuing operations before income taxes and fixed charges. Fixed charges consist of interest expense, amortization of deferred debt issuance costs and the portion of rent/lease expense that includes an interest factor.  In fiscal years 2008 and 2007, earnings before fixed charges for Parent Holdings were insufficient to cover fixed charges by approximately $32.0 million and $19.6 million, respectively.