Fashion "it" girl Katie Holmes is set to release her own clothing line with Giorgio Armani, named Katie Holmes for Armani.

The 29-year-old actress and wife of Tom Cruise told the latest issue of OK! Magazine that her first collection will be aimed at toddlers. Using her nearly 2-year-old daughter Suri as inspiration, the line will be out by spring 2009.

Holmes also has a line for older children set to hit stores in fall 2009 and a line of women's clothes and handbags for fall 2010.

The Armanis and Cruises have developed a close friendship, and since first meeting Holmes in Rome three years ago, Giorgio himself has been dressing her.

Click here to read more in OK! Magazine

Click here to read more in the New York Daily News

At red carpet events, both Holmes and Cruise often wear the designer's clothes, and they both wore Armani on their wedding day.