A Letter From The Publisher, Jun. 16, 1975

"She is a princess in a world desperately looking for diversion from inflation, devaluation, unemployment, revolution, coups, wars and death." European Correspondent William Rademaekers' assessment of Princess Caroline of Monaco's special appeal applies more or less equally to Margaux Hemingway and the ten other young women chosen by TIME'S bureaus round the world as the collective subject of this week's cover story. For varying reasons—looks, talent, what Margaux would describe as the "snappin' " zest for life that she and Deborah Raffin have brought to modeling—all have arrived on the scene with their...