"Elizabeth Taylor? Now that's a movie star," said Calvin Klein throwing his hands up to his head.

Two days after his Tuesday evening date with Taylor, Klein was racing about his design studio, doing final fittings for his show this week, wearing a Harvard sweatshirt. He was still star-struck. "She kept me waiting two hours and it was wonderful," Klein said.

In fact it was only one hour that Klein waited at the Plaza Athenee Hotel in New York to escort Taylor to the Javits Convention Center, where they cohosted a benefit gala to raise money for the American Foundation for AIDS Research. Twenty-five hundred folks from the fashion and cosmetic industries came to the event, which featured 100 famous faces posing for five different group photos that will be used later this year in an advertising campaign to raise more money for AIDS research.

Taylor told the enthusiastic crowd Tuesday night, "Every cent raised will be spent three weeks from now. The money will not sit in a bank. I can assure you there will be vaccines. There will be treatment."

Among those who attended the event were Willi Smith, Perry Ellis, Marvin Traub, Donna Karan, Yoko Ono and Sean Lennon, Alexander Julian, Oscar de la Renta, Danny Noble, Bill Haire, Carolina Herrara, Mary Jane Marcasiano, Mariel Hemingway, Brooke Shields and Pat Buckley.