It is the auction that boasts a Sotheby's auctioneer along with beluga caviar and foie gras.

Certainly it's no ordinary benefit when the offerings, over 100 in all, include cakes from the White House pastry chef, dinner for eight at the Moroccan Embassy, a day in the kitchen with Watergate chef Jean-Louis Palladin or an all-day fishing excursion aboard the yacht of the president of Ridgewell's.

Les Dames d'Escoffier, the women's professional culinary organization, will host "Food, Wine and Other Temptations" on Feb. 3 at 5:30 p.m., at the new Glorious Cafe' in Georgetown. Proceeds of the auction, run in conjunction with Glorious Food, will go to the society's Anne Crutcher Professional Fellowship, which will sponsor studies for young people entering food professions.

Reservations for the auction are limited and tickets are $40 a person. A raffle ticket (with a trip for two to Paris and dinner in four of France's finest restaurants as prizes) along with a complete program listing the offerings will be sent by return mail to each ticket holder. For information, call Toni Esterling at 333-4451.

While guests sip Domaine Chandon champagne and listen to music, they can chew over the bids on the donated items, including:

* Dessert-of-the-Month for a year from Washington's top pastry chefs.

* A day in the test kitchens of Food & Wine magazine, plus lunch at the Four Seasons with editor William Rice in New York City.

* Folger Consort for an evening musicale.

* Ten demonstration lessons at the La Varenne cooking school in Paris.

* Dinner for two and an overnight stay at The Inn in Little Washington.

* Jars of Paul Newman food products autographed by Newman.

* Cocktail party for 10 in an art-filled Georgetown mansion.

* A limousine ride and dinner for two at the country home of restaurateur Dominique D'Ermo.

* Autographed books by M.F.K. Fisher.

* Specially created dinner for two by Yannick Cam at Le Pavillon.