The 1986 Federation Cup was the 24th edition of the most important competition between national teams in women's tennis. The tournament was held in Prague, Czechoslovakia, from 20–27 July. The United States defeated three-time defending champions Czechoslovakia in the final (in what was a rematch of last year's final), giving the USA their 12th title. The finals marked Martina Navratilova's first return to Czechoslovakia since her defection to the United States in 1975.

An official program in a very good condition, 42 pages.

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