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                                                                 DAY RUNNER,INC.
                                                                   Exhibit 10.12

                              Schedule of Warrants
                              --------------------


                        No. of        Exercise       Date          Date of
Holder                  Shares         Price       of Issue      Expiration                 Vesting Schedule
---------------    ---------------    --------    ----------    ----------------  ---------------------------------
<S>                    <C>           <C>            <C>            <C>          <C>  
Higgins, James           25,000       $23.5625       12/04/96       12/03/03    60 equal monthly installments
                                                                                commencing 01/01/97(1)

Higgins, Jill            25,000       $23.5625       12/04/96       12/03/03    60 equal monthly installments
                                                                                commencing 01/01/97(1)

Miller, Charles           4,733(2)    $   4.00       03/12/91       03/11/98    Original warrant covered 25,000
                                                                                shares and vested in 60 equal
                                                                                monthly installments commencing
                                                                                04/01/91

Miller, Charles          25,000       $23.5625       12/04/96       12/03/03    60 equal monthly installments
                                                                                commencing 01/01/97(1)

Rachlin, Alan            25,000        $  4.00       03/12/91       03/11/98    60 equal monthly installments
                                                                                commencing 04/01/91

Rachlin, Alan            25,000(3)     $  4.00       03/12/91       03/11/98    60 equal monthly installments
                                                                                commencing 04/01/91

Rachlin, Alan            50,000        $  4.00       03/18/92       03/12/98    10,000 commencing 03/18/92;  40,000
                                                                                in 48 equal monthly installments
                                                                                commencing 04/01/92

Rachlin, Alan            25,000        $ 12.00       03/09/93       01/22/03    2,083 on 03/09/93; 22,917 in 11
                                                                                equal monthly installments
                                                                                commencing 03/20/93

Rachlin, Alan            25,000       $  12.50       01/16/94       01/16/04    12 equal monthly installments
                                                                                commencing 02/14/94

Rachlin, Alan            25,000         $19.00       08/15/94       08/15/04    12 equal monthly installments
                                                                                commencing 08/29/94

Rachlin, Alan            25,000         $19.00       07/28/95       07/28/05    24 equal monthly installments
                                                                                commencing 08/28/95

Rachlin, Alan            25,000       $23.5625       12/04/96       12/03/03    60 equal monthly installments
                                                                                commencing 01/01/97(1)

Willat, Boyd             25,000        $  4.00       03/12/91       03/11/98    60 equal monthly installments
                                                                                commencing 04/01/91

Willat, Boyd             25,000       $23.5625       12/04/96       12/03/03      60 equal monthly  installments
                                                                                commencing 01/01/97(1)



(1) The Warrant also contains the following  provision with respect to the right
to exercise the Warrant:

                  "Notwithstanding the foregoing, if [the Holder] shall cease to
            be  a  director   of  the  Company  for  any  reason  or  no  reason
            ("Termination"), whether such Termination is permanent or temporary,
            then after the effective  date of such  Termination  and through the
            end of the  Warrant  Term the Holder  may  exercise  the  Warrant to
            purchase  only such number of Shares that the Holder would have been
            entitled to purchase on the effective  date of such  Termination  in
            accordance  with the foregoing.  To the extent that the Holder shall
            not have been entitled to exercise any portion of the Warrant on the
            effective date of such Termination,  such portion shall be deemed to
            have expired unexercised on such effective date."

(2)  The original warrant covered 25,000 shares and has been exercised with
respect to 20,267 of such shares.

(3) The subject  warrant was  assigned  to Mr.  Rachlin by Jill Tate  Higgins on
March 12, 1991.

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