EXHIBIT 99.1


         JENNY CRAIG TO BE ACQUIRED BY ACI CAPITAL & DB CAPITAL PARTNERS
                Existing Management Will Continue to Lead Company

LA JOLLA, CALIF. - JAN. 28, 2002 -- Jenny Craig, Inc. (OTC Bulletin Board: JCGI)
announced today that it has entered into a definitive merger agreement providing
for the acquisition of Jenny Craig by an investor group led by ACI Capital Co.,
Inc., a private investment firm. DB Capital Partners, the private equity arm of
Deutsche Bank, is ACI Capital's partner in the transaction. The investor group
will also include Sid and Jenny Craig. The merger agreement calls for each Jenny
Craig stockholder to receive $5.30 per share in cash, which represents a premium
of approximately 68% to Jenny Craig's January 25, 2002 closing price of $3.15.
Based on the $5.30 price per share, the transaction is valued at approximately
$115 million.

Completion of the transaction is subject to customary closing conditions,
including approval by the stockholders of Jenny Craig, the securing of
regulatory approvals and the receipt of financing. The purchaser has received a
senior debt financing commitment from Ableco Finance and commitments from ACI
Capital and DB Capital to provide equity and debt capital. The Craigs have also
agreed to contribute a portion of their holdings of Jenny Craig stock with a
value, based on the $5.30 per share merger price, of $4 million for stock in the
acquisition vehicle. In addition, the Craigs and certain of their affiliated
entities have agreed to vote their current shareholdings of approximately 67% of
the Company's stock in favor of the transaction, subject to the terms and
conditions of their voting agreement with the purchaser. The transaction is
expected to close in the second quarter of 2002.

Jenny Craig is one of the largest weight management firms worldwide with 652
centers in the United States, Canada and abroad. Founded in 1983, the Company
offers a comprehensive weight management program that helps clients learn how to
eat the foods they want, increase their energy level through simple activity and
build more balance in their lives for optimal weight loss and well-being. The
program combines personal, one-on-one consultations at Jenny Craig Centres with
nutritionally balanced menu plans. During the four quarters ended September 30,
2001, the Company generated $291 million in sales.

"ACI Capital and DB Capital have long histories of backing management and
investing in growing companies, and we are delighted to be entering into this
agreement with them," said Sid Craig, who, with his wife, Jenny Craig,
co-founded the Company. "This transaction is good news for our shareholders,
clients and employees," he continued. "Shareholders benefit by receiving a
premium of 68% above the recent share price. Clients and employees will benefit
as we continue to grow our business through investment and expansion."



Kevin Penn, a Managing Director of ACI Capital, stated, "We are excited to have
the opportunity to invest in one of the dominant global weight management
businesses. Jenny Craig is led by a talented management team, and its focus on
individual counseling and portion control has resulted in a unique franchise. We
look forward to working with management to grow the company's core business."
Added Robert Sharp, a Managing Director of DB Capital, "Our investment in Jenny
Craig represents the execution of DB Capital's portfolio strategy of investing
in growth-oriented companies that have strong brand equity, an experienced
management team and a solid customer base. "

Jenny Craig will keep its headquarters in Southern California and the current
management team will continue to operate the Company post-transaction. In
addition, Jenny and Sid Craig, the Company's founders, will remain involved with
the Company and Sid Craig, currently Chairman and CEO, will continue to serve on
the Company's Board. Kent Kreh, former Chief Executive Officer of Weight
Watchers International, will join the Company as Chairman of the Board. Also
joining the Board will be Matthew Bronfman, a Managing Director of ACI Capital,
and Richard E. Wenz, a Consulting Partner of DB Capital and former President of
Safety 1st.

"Jenny Craig has an attractive core business," stated Kent Kreh, "including a
team of experienced, motivated counselors and one of the top two brands in the
industry. I'm pleased to have the chance to work with the Company going
forward."

The Company's Board of Directors (other than Sid Craig and Jenny Craig, who did
not vote on the transaction) unanimously approved the transaction following
receipt of the unanimous recommendation of a Special Committee comprised of
independent directors of the Company and a fairness opinion from Houlihan Lokey
Howard & Zukin Financial Advisors, Inc. that the merger consideration is fair to
Jenny Craig's stockholders (other than the Craigs and their affiliates) from a
financial point of view. While the merger agreement prohibits Jenny Craig from
soliciting competing proposals, it has 60 days to accept a superior proposal,
subject to payment of a breakup fee amount of $4.875 million and certain other
conditions. Koffler & Company, an investment banking firm headquartered in Los
Angeles, acted as financial advisor to Jenny Craig, and Houlihan Lokey acted as
financial advisor to the Special Committee. Jenny Craig is being represented by
Proskauer Rose LLP, the Special Committee by Latham & Watkins, ACI Capital by
Weil, Gotshal & Manges LLP, and DB Capital by Gibson, Dunn & Crutcher LLP.

About Jenny Craig

Founded in 1983, Jenny Craig, Inc. is one of the largest weight management
service companies in the world. The Company offers a comprehensive weight
management program that helps clients learn how to eat the foods they want,
increase their energy level through simple activity, and build more balance in
their lives for optimal weight loss and well-being. The program includes
personal, one-on-one consultations at Jenny Craig Centres, with menu plans that
are nutritionally balanced according to the recommendations of the USDA Food
Guide Pyramid and the U.S. Dietary Guidelines. Jenny Craig Centres are located
in the United States, Canada, Australia, New Zealand,


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and Puerto Rico. At December 31, 2001, the Company owned 542 Centres with an
additional 110 Centres owned by franchisees, bringing the total number of
Centres in operation to 652. For more information, please visit
www.jennycraig.com.

About ACI Capital Co., Inc.

ACI Capital is a private investment firm with over 40 years of history leading
middle-market management buyouts and growth capital investments across a broad
spectrum of industries throughout North America. ACI Capital is an active
partner with management in building the value of its companies. For more
information, please visit www.acicapital.com.

About DB Capital Partners, Inc.

DB Capital Partners is the private equity arm of Deutsche Bank AG. With over 150
investment professionals operating out of offices in the Americas, Europe, Asia
and Australia, DB Capital Partners is a leading manager of private equity
assets. Drawing upon the substantial global resources of Deutsche Bank, DB
Capital Partners invests in all manner of financial transactions globally
including growth financings, recapitalizations, leveraged buyouts, mezzanine
financings, venture investing and primary and secondary funds. For more
information, please visit www.dbcapitalpartners.com.

About Deutsche Bank

With assets of almost 1 trillion Euro and over 97,000 employees, Deutsche Bank
offers its clients unparalleled financial services throughout the world in over
70 countries. It ranks among the leaders in asset management, capital markets,
corporate finance, custody, cash management and private banking. For more
information, please visit www.deutsche-bank.com.

The Company will file a report on form 8-K with the Securities and Exchange
Commission regarding the proposed transaction, which will include a copy of the
merger agreement and certain related documents.

THIS PRESS RELEASE INCLUDES FORWARD-LOOKING STATEMENTS ABOUT THE COMPANY'S
REVENUES, COSTS, EARNINGS, MARGINS AND OTHER FUTURE PLANS AND OBJECTIVES. ANY
SUCH STATEMENTS ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE
ACTUAL RESULTS TO VARY MATERIALLY FROM THE RESULTS DISCUSSED IN THE
FORWARD-LOOKING STATEMENTS. AMONG THE FACTORS THAT COULD CAUSE ACTUAL RESULTS TO
DIFFER MATERIALLY ARE: INCREASED COMPETITION; TECHNOLOGICAL AND SCIENTIFIC
DEVELOPMENTS, INCLUDING APPETITE SUPPRESSANTS AND OTHER DRUGS WHICH CAN BE USED
IN WEIGHT LOSS PROGRAMS; INCREASES


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IN COST OF FOOD OR SERVICES; LACK OF MARKET ACCEPTANCE OF ADDITIONAL PRODUCTS
AND SERVICES; LEGISLATIVE AND REGULATORY RESTRICTIONS; EFFECTIVENESS OF
MARKETING AND ADVERTISING PROGRAMS; PREVAILING DOMESTIC AND FOREIGN ECONOMIC
CONDITIONS; AND THE RISK FACTORS SET FORTH FROM TIME TO TIME IN THE COMPANY'S
ANNUAL REPORTS AND OTHER REPORTS AND FILINGS WITH THE SEC.


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