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The first shots of Katie Holmes’ much-anticipated ad campaign for Miu Miu have been released and the actress looks stunningly beautiful in what the company calls a “moment of spectacular drama.”

“Katie Holmes joins the ever-expanding living history of Miu Miu inspirations, vital and modern individuals that shape and alter their surroundings through powerful grace,” said the company’s rep.

Katie’s strong bone structure always photographs well and the sepia tone of the ad delivers a cool, vintage feel. Shot by Mert Alas and Marcus Piggott in New York last November, the ads were inspired by Italian director Fellini, and hoped Katie would appear to be a “luminous icon radiating a sense of mystery and theatricality.”

So which dress did the new First lady choose?
Michelle Obama opted for one-of-a-kind,  one shoulder, white Jason Wu gown in ivory silk chiffon with silk organza flowers, Swarovski crystal rhinestones and silver thread embroidery.

The 26 year old, Taiwan-born, New York based Wu has now – overnight — become nothing short of a household name.

The First Lady previously donned one of the designer’s outfits when she appeared on the Barbara Walters’ Special on the year’s most intriguing people episode along with her husband.

The First Lady will also appear on the cover of the March issue of Vogue.

For the upcoming inauguration ceremony on Jan. 20, 2009, fashion designers created amazing sketches of a gown for Michelle Obama. Check out the gowns designed by Betsey Johnson, Badgley Mischka, Monique Lhuillier, Isaac Mizrahi, Carolina Herrera, Karl Lagerfeld (for Chanel), Diane Von Furstenberg, Christian Lacroix, Peter Som and a lot more. So step aside and give it up for Michelle Obama.

My favorite? The stunning black and white gown designed by Oscar de la Renta, but based upon her fashion history, I’m betting she goes with the amethyst Isaac Mizrahi.

Target has just announced that Tracy Feith will be the next designer to have a limited-edition Target GO International line. The GO program, which is designed to offer shoppers reasonably priced fashions created by world-renowned designers, will launch the Feith collaboration at most Target stores nationwide on May 17th. The collection is slated to be available through June 27th.

Feith is Target’s 15th guest designer for Go International (recent designers include Jonathan Saunders, Richard Chai, and Rogan Gregory), and his collection will have about 60 styles — shorts, swimsuits, tops, jackets, pants and dresses ranging in price from $14.99 to $44.99.

One of Feith’s dresses was also worn by Carrie Bradshaw on a Sex and the City episode.

If you’re aiming for a bag in every colors of the rainbow, add this beauty to your wishlist this season: the Medium Suede PS1 bag from Proenza Shouler. Available only in mustard, it’s the perfect bag for the inter season with a suede flap and metal foldover closure in that perfect eye-popping yellow. The bag also features leather straps, handle and removable shoulder strap. At $1,995.00, it may not be a deal, but it is to die for.

If you’re looking for something a little less expensive, try the designer’s PS1 Leather Pouchette in midnight. At $895, the price is much more manageable with the same amount of flair. A leather flap front clutch with metal foldover closure and leather straps is this stunningly deep hue is the perfect addition to any fashion diva’s wishlist.

Check out this ultra-casual and super comfy ribbed shrug sweater from Banana Republic. Made from 100% extra fine merino wool, it promises to be the ultimate in warmth and comfort.

The rounded hemline is flattering on any figure, and the elbow-length sleeves give this cardigan an updated look and a lot of flexibility. Dress it down on the weekends with jeans and boots, or pair it with a frilly blouse for uptown sophistication.

At the recent show in Miami, 35 supermodels took part in a fabulously opulent extravaganza, with most of them dripping in feathers, lace, sequins and expensive jewels.

Heidi Klum wore underwear joined by a web of diamonds plus sparkling red wings made to resemble a bow on a present. Adriana Lima coolly strutted down the runway in the Black Diamond Fantasy Miracle Bra- worth 5 million dollars. The bra is decorated with white and black diamonds and rubies and will be for sale in the Victoria’s Secret catalogue.

Usher kick off Saturday’s events at the newly renovated Fontainebleau Miami Beach. Other spotted on the pink carpet included Paris Hilton, P Diddy, actor John Stamos, Kim Kardashian and Martha Stewart.

It’s been three years since fashion superstar designer Tom Ford founded his own production company, Fade to Black. The celebrity designer is finally foraying into features with his directorial debut on his first feature film, title, A Single man.

The film is an adaptation of Christopher Isherwood’s novel of the same name and is said to star Colin Firth, Julianne Moore and Matthews Goode. The story centers on a gay Englishmen and professor, played b Firth, and is set in 1062 California.

Ford adapted the screenplay for the independently financed project with Davie Scearce and has secured the production team from AMC’s Mad Men.

Myth: Save the sequins for after dark.

Truth: This shimmery fabric is the perfect eye-catching pop for day when layered with plain basics. Rachel Bilson dressed down a sparkling mini with an oxford shirt, both from designer Jenni Kayne. Sequins are a favorite of celebrities because their glamorous, but can also work for day. Keep the silhouettes simple and easy you’ve got a winner.

Myth: Long dresses aren’t for short women.

Truth: Petites need not fear the maxidress trend. Eva Longoria, Jessica Simpson and Kristen Bell have all mastered this summer style. Choose a dress in a light fabric to avoid adding bulk, and pair with comfortable, height-adding wedges.

Who says that fashion and politics don’t mix? Today, politics are entering the world of fashion. Political phrases and slogans are gracing items of clothing that advertise specific candidates or political issues. Obama made his most recent appearance on the runways of Paris in the Jean-Charles de Castelbajac show. The candidate’s face can be seen on a sporty yellow sequined dress among other pieces.

Some famous fashion designers including Zac Posen, Marc Jacobs, Rag & Bone, Vera Wang and Derek Lam also designed merchandise for Obama’s official online store.