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Yearly photos w/ interests noted. Make up a few pages in photoshop or an editing program of choice, and create a printed 8x10 book. Give to your children when they graduate as a gift...I would use a few head shots and definitely lifestyle candid shots to get the real feel of what they were like at each age.
Name Activity:Peekaboo Guess Who? Template for Class ABC Lift the Flap Book
Make your own class lift-the-flap book! Kids LOVE a lift-the-flap book with their own picture in it. A great project for the beginning of the school year.