Living: Blueblood in a Bathing Suit

Princess Stephanie makes a splashy modeling debut

These things change, of course. Not a month ago, Karen Hilton, a director of New York's Wilhelmina model agency, was talking about her newest and ritziest signing. Princess Stephanie of Monaco, she said, "has the look that is in, a little boyish but sexy." Now, she insists, "people are just looking for something to say about her because she's a princess. She never struck me as boyish." It appears that the princess, like a new imported automobile, is undergoing some last-minute modification for domestic consumption.

In Europe, she has already appeared in her new guise as a supersalaried (reportedly $7,000 to...

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