PLAYMATE: Victoria Valentino

COVER: Joey Thorpe

PICTORIALS: "Europe's New Sex Sirens" features Elke Sommer, Sylva Koscina, Catherine Deneuve, Sarah Miles, Alexandra Stewart, Scilla Gabel, Claudia Cardinale, Romy Schneider and others.

INTERVIEW: Richard Burton

FEATURES: Hugh Hefner's, "The Playboy Philosophy", part 10; fiction by Ray Bradbury, "The Life Work of Juan Diaz"; Alberto Moravia, "Ah, Women, Women"; Theodore Sturgeon, "Noon Gun"; J. Paul Getty explains "The Businessman At Bay"; Playboy's Preview All-America Team photo features Dick Butkus (Illinois), Ara Parseghian, coach (Northwestern); two LeRoy Neiman paintings: Sardi's and The world Pocket Billiards Championship; 4-page Jules Feiffer cartoon, "The Relationship"; stunning two-page Vargas Girl.

PAGES: 240