Exhibit 12.1



PCA INTERNATIONAL, INC. AND SUBSIDIARIES

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

(in thousands, except ratios)



|                                                                          |  |                     |        |      |   |        |      |  |   |         |   |  |      |        |   |  |   |         |  
|------------------------------------------------------------------------- |  | ------------------- | ------ | ---- | - | ------ | ---- |  | - | ------- | - |  | ---- | ------ | - |  | - | ------- | -
|                                                                          |  | For the Fiscal Year |       
|                                                                          |  | 2003                |        | 2002 |   |        | 2001 |  |   | 2000    |   |  | 1999 |       
|Fixed Charges:                                                            |  |                     |        |      |   |        |      |  |   |         |   |  |      |        |   |  |   |         |  
|Net interest expense (including amortization of deferred financing costs) |  | $                   | 30,706 |      | $ | 28,610 |      |  | $ | 29,683  |   |  | $    | 29,107 |   |  | $ | 28,746  |  
|                                                                          |  |                     |        |      |   |        |      |  |   |         |   |  |      |        |   |  |   |         |  
|Fixed charges                                                             |  | $                   | 30,706 |      | $ | 28,610 |      |  | $ | 29,683  |   |  | $    | 29,107 |   |  | $ | 28,746  |  
|                                                                          |  |                     |        |      |   |        |      |  |   |         |   |  |      |        |   |  |   |         |  
|Earnings:                                                                 |  |                     |        |      |   |        |      |  |   |         |   |  |      |        |   |  |   |         |  
|Income (loss) from continuing operations before income taxes              |  | $                   | 3,470  |      | $ | (493   | )    |  | $ | (17,385 | ) |  | $    | (9,716 | ) |  | $ | (15,335 | )
|Fixed charges                                                             |  |                     | 30,706 |      |   | 28,610 |      |  |   | 29,683  |   |  |      | 29,107 |   |  |   | 28,746  |  
|                                                                          |  |                     |        |      |   |        |      |  |   |         |   |  |      |        |   |  |   |         |  
|Earnings                                                                  |  | $                   | 34,176 |      | $ | 28,117 |      |  | $ | 12,298  |   |  | $    | 19,391 |   |  | $ | 13,411  |  
|                                                                          |  |                     |        |      |   |        |      |  |   |         |   |  |      |        |   |  |   |         |  
|Deficiency of earnings to fixed charges                                   |  | $                   |       |      | $ | (493   | )    |  | $ | (17,385 | ) |  | $    | (9,716 | ) |  | $ | (15,335 | )
|                                                                          |  |                     |        |      |   |        |      |  |   |         |   |  |      |        |   |  |   |         |  
|Ratio of earnings to fixed charges                                        |  |                     | 1.1    |      |   |       |      |  |   |        |   |  |      |       |   |  |   |        |  
|                                                                          |  |                     |        |      |   |        |      |  |   |         |   |  |      |        |   |  |   |         |