National Lampoon has signed Savage Steve Holland to direct the fish-out-of-water story Ratko, the company's second in-house production after Bagboy.

National Lampoon's Ratko: The Dictator's Son follows the adventures of a despot's son who heads to the US to attend college. Robert Mittenthal and Michael Rubiner wrote the screenplay.

The National Lampoon, Intermedia and Cinetel Films co-production is being produced by Barry Layne and Paul Hertzberg, with Intermedia's Scott Kroopf and Cinetel's Lisa Hanson serving as executive producer.

'This is an exciting project for National Lampoon,' chief executive officer Daniel Laikin said. 'It appeals to our core audience and follows in the footsteps of our college comedies of the past.'

National Lampoon Releasing plans to release up to 12 titles a year comprising four original productions and up to eight acquisitions. Some titles will receive broader distribution in partnership with major studios.

National Lampoon Releasing and National Lampoon Home Entertainment will handle the theatrical and DVD release on Ratko.