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  • TAKE A BOW photo | Penelope Cruz

Credit: Jackson Lee/Ahmad Elatab/Splash Online

Published: Friday Nov 30, 2007 | 05:10 PM EST

TAKE A BOW

A regal Penélope Cruz (in Oscar de la Renta) shows off a glamorous look – with a twist – at the Queen Sofía Spanish Institute gala Thursday in New York. The actress was honored with a gold medal at the black tie event along with former President Bill Clinton.