What do you give the monarch who has everything? Knowing Queen Elizabeth II's fondness for horseflesh, Australians decided to commemorate her silver jubilee three years ago with a Thoroughbred. A champion sire was bred to six mares. Of four foals resulting, one was a colt (the Queen preferred a filly), another was injured. The remaining pair were recently matched in a speed trial. Last week, visiting Canberra, the Queen paused to accept the winner. "A wonderful present," said Elizabeth, who dubbed the two-year-old bay Australia Fair.

Not since the Battle of Concord has a shot been heard round the world like this. Televiewers in 50 other countries are as agog as U.S. audiences over who ambushed mean J.R. Ewing, played by Actor Larry Hagman, in the season finale of the high-rating Dallas series. A British bookmaker accepted wagers on the identity of J.R.'s assailant; betting $234,000, punters made Wife Sue Ellen's cowboy lover, Dusty, a 6 to 4 favorite even though he is presumed dead in a plane crash. With six other likely suspects, Dallas' producers are filming different versions of the attack. The world must wait until about next season's third episode to learn whodunit.

Who better than France's First Lady to open what could become France's First Garden? A palette of colors again are the grounds at Giverny that Impressionist Claude Monet planted and painted for 43 years. They withered after he died in 1926, but are now restored. Indeed, a photograph of Anne-Aymone Giscard d'Estaing, backdropped by blossoms, looked a little like a Monet.

Billionaire Daniel K. Ludwig, 82, views publicity as did Howard Hughes: less is more, none is bliss. Thus Johns Hopkins University was uncertain last week whether the legendary shipowner-entrepreneur would show up for an honorary degree. Lo and behold, he did. Photographers naturally focused on the new doctor of humane letters in his gold robe and white hood. "You've never had this many pictures taken in your life, have you?" joshed President Steven Muller. "Not willingly," grumbled the last tycoon. "But now I think I kinda like it."

For former Ambassador Henry Cabot Lodge, 77, Georgetown University's commencement was old mortarboard. Lodge's honorary degree was his 30th. But it was novel for Arkansas' Bill Clinton, 33, the nation's youngest Governor and Georgetown's commencement speaker. Only twelve years ago, Clinton approached the same platform for his bachelor's degree. Adjusting Clinton's tassel before the ceremonies, Lodge also proffered some advice on graduation speechmaking: "You can't be too long, too heavy or too light."

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