Katie and Chris Engaged

To the disappointment of devoted fans everywhere, Katie Holmes and Chris Klein are off the market.

Holmes was spotted in her hometown of Toledo, Ohio, over the holidays sporting a hefty diamond bauble. On Tuesday, Klein's rep confirmed the good news: The camera-friendly couple is engaged to be married.

No word on when the pair might swap vows.

The former Dawson's Creek cutie and fellow thesp Klein, 24, have been an item for the past five years.

Holmes, 25, aced her first Tinseltown audition for a role in 1997's The Ice Storm, which led to her six-season Creek stint as Capeside's Joey Potter.

Not long after taping on the show began, she was briefly linked to her costar Joshua Jackson, whom she has previously called her first love.

Holmes parlayed her small-screen success into several feature roles aimed at the WB generation, including Disturbing Behavior, Go and Teaching Mrs. Tingle. She upped the audience age slightly with roles in Wonder Boys, Phone Booth and The Singing Detective.

Most recently, the actress aimed for an edgier audience with her critically acclaimed indie offering Pieces of April, which received three Independent Spirit Awards nominations.

Next, the brunette babe stars in the romantic comedy First Daughter, due out in 2004. She's also in the running to star opposite Christian Bale in the next Batman film from Warner Bros., pending a successful screen test.

All-American looker Klein is best known for his breakthrough role as a hapless jock with political aspirations in Election and as the lacrosse player with romantic aspirations in the first two American Pie movies.

Audiences see Klein next in The United States of Leland, opposite Ryan Gosling and Don Cheadle, due in theaters April 2. Besides walking the red carpet, he'll have little time to help with the wedding plans this spring as he's scheduled to start shooting on the laffer The Long Weekend next month in Vancouver.

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