LOS ANGELES--Oscar de la Renta came to Beverly Hills to save the Ladies Who Lunch from all the droopy, slinky designs filling the stores this summer. "It was a wonderful escape from all the "bag lady" clothes you see in the stores now," said senior socialite Harriet Deutsch during the luncheon and show at the Regent Beverly Wilshire, sponsored by Saks, to benefit the Blue Ribbon of the Music Center. "So lavish and beautiful. It was like going to the theater. I really go for the after-five outfits from a show like this, because I wear pants during the day," she added--and there were none of them on the runway. De la Renta's appearance to present his Fall '94 collection, with wife Annette Reed, brought out a distinguished crowd of shoppers and charity mavens including Wendy Goldberg, Barbara Davis, Nancy Davis Rickel, Anne Johnson, Joan Hotchkis, Judy Tallarico, Nancy Vreeland, Mary Windsor Hupp, new Blue Ribbon president Phyllis Hennigan, and outgoing president Sandy Ausman. With no pantsuits in sight, except for a few evening pajamas, de la Renta's collection garnered $300,000 in sales for Saks Fifth Avenue, according to sources.

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