ANNA NICOLE SMITH IN HER FIRST APPEARANCE IN PLAYBOY (CREDITED AS VICKIE SMITH) APPEARS IN CENTREFOLD, LAYOUT AND ARTICLE! COVER STORY There she is, Miss America (and Miss Arkansas) of 1982. Meet Elizabeth Ward Gracen, a classic beauty with a story everyone's talking about. Our cover was produced by West Coast Photo Editor Marilyn Grabowski, styled by Lane Coyle-Dunn and shot by Contributing Photographer Stephen Wayda. Thanks to Tracy Cianflone for styling Elizabeth's hair and make-up and to John Cron-ham for the gold-leaf background. Our Rabbit is Elizabeth's crowning glory.

3 PLAYBILL 9 DEAR PLAYBOY 13 PLAYBOY AFTER HOURS 28 STYLE 31 MEN by ASA BABER 32 WOMEN by CYNTHIA HEIMEL 33 VIEWPOINT: SOLVING THE JAPANESE PROBLEM—opinion E JEAN CARROLL 35 THE PLAYBOY ADVISOR 39 REPORTER'S NOTEBOOK: LUST IN THE WHITE HOUSE—opinion ROBERT SCHEER 41 THE PLAYBOY FORUM 51 PLAYBOY INTERVIEW: Michael Jordan—candid conversation 66 IN THE COMPANY OF COYOTES—article ELIZABETH ROYTE 70 THERE SHE IS ...—pictorial 78 IMPOSSIBLE VACATION—fiction SPALDING GRAY 82 PLAYBOY'S AUTOMOTIVE REPORT—article KEN GROSS 86 THE JOE AND KURT SHOW—conversation CAROLE MALLORY 90 LONE STAR STUNNER—playboy's playmate of the month 102 PLAYBOY'S PARTY JOKES—humor 104 THE WORST SENATOR IN AMERICA—playboy profile JOE CONASON and JACK NEWFIELD 106 PLAYBOY COLLECTION—modern living 110 PLAYBOY'S 1992 BASEBALL PREVIEW—sports KEVIN COOK 114 A PRIDE OF BRIDES—pictorial 126 20 QUESTIONS: JOHN LEGUIZAMO 165 PLAYBOY ON THE SCENE

AN ABSOLUTE "MUST HAVE" FOR COLLECTORS, THIS MAGAZINE IS A GREAT PERIOD DOCUMENT OF ADS, EDITORIALS, AND ARTICLES. IT'S A WHO'S-WHO IN THE YEAR 1992! DO NOT MISS YOUR OPPORTUNITY TO OWN THIS RARE COLLECTOR'S ITEM! YOU MUST HAVE THIS ISSUE TO COMPLETE YOUR COLLECTION!

Condition Excellent, very nice copy of great vintage item!

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