4TH UPDATE: Michelle Obama Blows Kisses To Hollywood Crowd: Says Her Husband Is 'Not Spider-Man, Not Super-Hero'; Attends Fundraisers At Barry Meyer, Gwen Stefani

UPDATE: Michello Obama's remarks: 'All right, this is among the coolest things I do. [Laughter.]  I've gotten to hang out with the queen, a couple of queens and kings and princes and dukes and whatever, but this ' this is cool. [Laughter.] So obviously I'm thrilled to be here with all of you today. And I want to thank Gwen, in particular, for being so kind and gracious and hosting us all here at her beautiful home.  [Applause. Mrs. Obama's next remarks are geared toward a crowd that included many children and young parents.] 'And I've said this before, and I'll say it again:  Barack can't do it alone.  He's not Spiderman.  (Laughter.)  He's not a superhero; he's a human.  So he needs your help.'

PREVIOUS: It's 1 PM PST, and FLOTUS has just arrived at the home of pop star Gwen Stefani. The house is in a gated community in Beverly Hills, just off Mulholland Drive. Among the guests your pool reporter can spot are Nicole Richie and husband Joel Madden, actor Jeffrey Tambor and actress Alyson Hannigan. A long black slate driveway with its own black gate, lined by 8-foot shrubs, leads to the residence. Tickets for the event started at $2,500 for a family of four, with approximately 400 guests expected to attend, according a campaign official. Proceeds from the events will benefit the Obama Victory Fund, a joint fundraising committee of Obama for America, the Democratic National Committee and several state Democratic parties. The event has been billed as a 'Sunday of Fun,' and on one side of the house is a hardcourt tennis court, which has been decorated for the event with bridge of red, white and blue balloons arranged in the form of an American flag.

The tone of the event is very casual, with most guests wearing sundresses or shorts and many in straw hats. Many children are clutching balloon animals or pieces of paper reading, 'High-Five for President Obama!' with an area underneath for a child to make an impression of his or her palm.

At 1:50pm, pool is taken from holding spot to the back deck of the home, where Mrs. Obama's speech is already in progress. Pool was not permitted to listen to Ms. Stefani's introductory remarks.

Mrs. Obama is wearing a sleeveless navy dress with detailing around the waist (pool is not close enough to determine whether it is a belt) and flat sandals with silver detail. She has several bracelets on her right hand. Ms. Stefani and her bandmates from No Doubt, including Tony Kanal, are seated on folding chairs on the upper portion of the patio. Ms. Stefani is wearing a sleeveless hot pink peplum top, matching hot pink skinny pants, black leather stilettos with spike heels and several chunky silver bracelets. Her hair is arranged in a top knot.