VANITY FAIR

NEW! THE YEAR'S BEST OF THE BEST!

The PEOPLE WHO MADE 2004 THE YEAR THAT IT WAS P. 85

"Politics is just like show business a hell of an opening, you coast for a while, you have a hell of a closing." — RONALD REAGAN

NATALIA VODIANOVA: THE CENTURY'S "FIRST SUPERMODEL P.136

BY KRISTA SMITH

ELIOT SPITZER: WALL STREET'S PUBLIC ENEMY NO. 1 P.116

BY HOLLY BRUBACH

WAS MARGARET THATCHER'S SON INVOLVED IN A FAILED AFRICAN COUP? P.122

BY VICKY WARD

ARNOLD & MARIA

"AFTER ALL THESE YEARS WE ARE STILL ENGAGED WITH EACH OTHER, HOT FOR EACH OTHER, INTO EACH OTHER!" P.110

BY MARIE BRENNER • PHOTOS BY ANNIE LEIBOVITZ

Plus:

JAMES WOLCOTT ON MAKEOVER TV P.44

INGRID SISCHY ON PHOTO LEGEND JOHN SZARKOWSKI P.128

JUDITH NEWMAN ON PUBLISHING DYNAMO JUDITH REGAN P.52 and AN EXCLUSIVE EXCERPT FROM THE AVIATOR SCREENPLAY!

JANUARY 2005/$4.50