**EXHIBIT      12.1**

**CALCULATION      OF RATIO OF EARNINGS TO FIXED CHARGES**

|                                                                                                   |   |                                                                                                         |                                                                                                                                                    |                                         |                                                                     |                                                                                                |   |                                                                                                   |                                                                                                                              |   |
|--------------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------|----------------------------------------------|--------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------|--------|--------------------------------------------------------------------------------------------------------|-----------------------------------------------------------------------------------------------------------------------------------|--------|
|                                                                                                   |   |                                                                                                         |                                                                                                                                                    |                                         |                                                                     |                                                                                                |   |                                                                                                   |                                                                                                                              |   |
|                                                                                                   |   | **American                    Achievement Group Holding Corp.**                                              |                                                                                                                                                    |
| ($                    in thousands)                                                                    |   | **Fiscal                    Year Ended**                                            |                                                                                                                                                    |
|                                                                                                   |   | **August                    25, 2007**                                                                  |                                                                                                                                                    | **August                    26, 2006**  |                                                                     |  **August                    27, 2005**                                                        |   |
| Net                    income (loss) before income taxes                                          |   | $                                                                                                            |                (47,978                                                       | )                                       | $                                                                        |              3,192                 |   | $                                                                                                      |                   3,550                 |   |
|                                                                                                   |   |                                                                                                         |                                                                                                                                                    |                                         |                                                                     |                                                                                                |   |                                                                                                   |                                                                                                                              |   |
| Fixed                    charges: (1) Interest charges                                                 |   |                                                                                                         |                  59,790                                            |                                         |                                                                     |            39,799                            |   |                                                                                                   |                 31,472                            |   |
| Interest                    portion of lease expense                                                   |   |                                                                                                         |                       583                 |                                         |                                                                     |                 683 |   |                                                                                                   |                      829 |   |
| Total                    fixed charges                                                                 |   |                                                                                                         |                  60,373                                            |                                         |                                                                     |            40,482                            |   |                                                                                                   |                 32,301                            |   |
| Net                    income from operations before income taxes and fixed                    charges | $      |                  12,395 |                                                                                                                                                    | $                                            |            43,674 |                                                                                                | $      |                 35,851 |                                                                                                                              |
|                                                                                                   |   |                                                                                                         |                                                                                                                                                    |                                         |                                                                     |                                                                                                |   |                                                                                                   |                                                                                                                              |   |
| Ratio                    of earnings to fixed charges (2)                                              |   |                                                                                                         |                          - |                                         |                                                                     | 1.08                                                                                                | x      |                                                                                                   | 1.11                                                                                                                              | x      |
|                                                                                                   |   |                                                                                                         |                                                                                                                                                    |                                         |                                                                     |                                                                                                |   |                                                                                                   |                                                                                                                              |   |
|                                                                                                   |   | **AAC                    Group Holding Corp.**                                                |                                                                                                                                                    |
|                                                                                                   |   | **Fiscal                    Year Ended**                                            |                                                                                                                                                    |
|                                                                                                   |   | **August                    25, 2007**                                                                  |                                                                                                                                                    | **August                    26, 2006**  |                                                                     |  **August                    27, 2005**                                                        |   |
| Net                    income (loss) before income taxes                                          |   | $                                                                                                            |                (22,225                                                       | )                                       | $                                                                        |              8,277                 |   | $                                                                                                      |                   3,550                 |   |
|                                                                                                   |   |                                                                                                         |                                                                                                                                                    |                                         |                                                                     |                                                                                                |   |                                                                                                   |                                                                                                                              |   |
| Fixed                    charges: (1) Interest charges                                                 |   |                                                                                                         |                  34,037                                            |                                         |                                                                     |            34,714                            |   |                                                                                                   |                 31,472                            |   |
| Interest                    portion of lease expense                                                   |   |                                                                                                         |                       583                 |                                         |                                                                     |                 683 |   |                                                                                                   |                      829 |   |
| Total                    fixed charges                                                                 |   |                                                                                                         |                  34,620                                            |                                         |                                                                     |            35,397                            |   |                                                                                                   |                 32,301                            |   |
| Net                    income from operations before income taxes and fixed                    charges | $      |                  12,395 |                                                                                                                                                    | $                                            |            43,674 |                                                                                                | $      |                 35,851 |                                                                                                                              |
|                                                                                                   |   |                                                                                                         |                                                                                                                                                    |                                         |                                                                     |                                                                                                |   |                                                                                                   |                                                                                                                              |   |
| Ratio                    of earnings to fixed charges (2)                                              |   |                                                                                                         |                          - |                                         |                                                                     | 1.23                                                                                                | x      |                                                                                                   | 1.11                                                                                                                              | x      |
|                                                                                                   |   |                                                                                                         |                                                                                                                                                    |                                         |                                                                     |                                                                                                |   |                                                                                                   |                                                                                                                              |   |
|                                                                                                   |   | **American                    Achievement Corporation**                                       |                                                                                                                                                    |
|                                                                                                   |   | **Fiscal                    Year Ended**                                            |                                                                                                                                                    |
|                                                                                                   |   | **August                    25, 2007**                                                                  |                                                                                                                                                    | **August                    26, 2006**  |                                                                     |  **August                    27, 2005**                                                        |   |
| Net                    income (loss) before income taxes                                          |   | $                                                                                                            |                (10,767                                                       | )                                       | $                                                                        |            19,234                            |   | $                                                                                                      |                 11,324                            |   |
|                                                                                                   |   |                                                                                                         |                                                                                                                                                    |                                         |                                                                     |                                                                                                |   |                                                                                                   |                                                                                                                              |   |
| Fixed                    charges: (1) Interest charges                                                 |   |                                                                                                         |                  22,579                                            |                                         |                                                                     |            23,757                            |   |                                                                                                   |                 23,698                            |   |
| Interest                    portion of lease expense                                                   |   |                                                                                                         |                       583                 |                                         |                                                                     |                 683 |   |                                                                                                   |                      829 |   |
| Total                    fixed charges                                                                 |   |                                                                                                         |                  23,162                                            |                                         |                                                                     |            24,440                            |   |                                                                                                   |                 24,527                            |   |
| Net                    income from operations before income taxes and fixed                    charges | $      |                  12,395 |                                                                                                                                                    | $                                            |            43,674 |                                                                                                | $      |                 35,851 |                                                                                                                              |
|                                                                                                   |   |                                                                                                         |                                                                                                                                                    |                                         |                                                                     |                                                                                                |   |                                                                                                   |                                                                                                                              |   |
| Ratio                    of earnings to fixed charges:(2)                                              |   |                                                                                                         |                          - |                                         |                                                                     | 1.79                                                                                                | x      |                                                                                                   | 1.46                                                                                                                              | 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.  In fiscal year 2007 earnings before fixed charges were                insufficient to cover fixed charges by approximately $48.0 million                for                Parent Holdings, $22.2 million for Intermediate Holdings and $10.8                million                for AAC. |