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                                                                    Exhibit 99.3






TO THE STOCKHOLDERS OF
AMERICAN ACHIEVEMENT CORPORATION:

We represent that this audit was subject to our quality control system for the
U.S. accounting and auditing practice to provide reasonable assurance that the
engagement was conducted in compliance with professional standards, that there
was appropriate continuity of Arthur Andersen personnel working on the audit and
availability of national office consultation. Availability of personnel at
foreign affiliates of Arthur Andersen is not relevant to this audit.

This letter and its contents are intended solely for the internal use of
American Achievement Corporation. However, American Achievement Corporation may
reveal to third parties that it has received this letter and describe its
contents. This letter is not intended to be and should not be used by anyone
other than American Achievement Corporation.

/s/ Arthur Andersen LLP

Austin, Texas
April 4, 2002