Dakota Fanning just graduated from high school and already the young blonde actress is representing fashion designer Marc Jacobs' latest fragrance Oh, Lola. Now that's the smell of success!

The scent ... with notes of pear, peony, magnolia, cyclamen, vanilla, sandalwood and rasberry, will no doubt be flying off the shelves when it hits stores in August!

Ms. Fanning told WWD:

    “Every time one of Marc’s fragrances comes out I run to the store to buy it. The moment I was asked to be a part of the Oh, Lola campaign, I was so humbled and said yes immediately.”

Find out what Mr. Jacobs had to say ... after the jump.