4TH UPDATE, 7:20 PM: Michelle Obama is guest of honor at a fundraiser underway at Warner Bros chief Barry Meyer‘s home. (Frankly, the way he loathes any Hollywood union activism, Meyer seems more of a Republican… But he’s hosted or participated at prior Bambi fundraisers.) Event started at 4 PM and was a sellout even though ticket prices ranged from $2,500 to $25,000, and about 150 people are expected to attend. Sources tell Deadline  that among the guests spotted are Warner Bros Pictures Group president and Office Of The President Jeff Robinov, Warner Bros Home Entertainment Group president and Office of the President Kevin Tsujihara, Warner Bros Television president Peter Roth, Warner Bros Domestic Television Distribution president Ken Werner. Also Warner Bros TV’s most valuable sitcom executive producer and creator Chuck Lorre (The Big Bang Theory, Two And A Half Men, Mike & Molly), CAA co-owner Kevin Huvane, New Line Cinema president Toby Emmerich, Netflix chief content officer Ted Sarandos, and DreamWorks Animation chief marketing officer Anne Globe. Plus E! talk show host Chelsea Handler, and director Rob Reiner. Here’s an edited-down White House Pool Report:

Barry and Wendy Meyer’s Los Angeles home is in a gated community near the J. Paul Getty Museum. A stone wall leads past the gate and up a slight hill to the Spanish-style residence. A small fountain gurgles at the main entrance to the house; to the right is a veranda that leads to the backyard, where guests will be directed. Proceeds from the event will benefit the Obama Victory Fund, a joint fundraising committee of Obama for America, the Democratic National Committee and several state Democratic parties.

At 5:30 PM, from the living room, Mr. Meyer can be heard delivering remarks, urging guests to appreciate “a country that doesn’t dictate who you can and can’t marry,” and praising the U.S. for “aiming more carefully now, and firing less.” Mr. Meyer’s remarks are followed by those of his wife, Wendy Meyer. At 5:45 pm, pool is led outside under a large white veranda, facing a swimming pool encircled by beige beach chairs. In front of the pool are two tables covered with beige tablecloths, one set with beverages and another with cheeses, meats and other hors d’oeuvres. There are also trays of chocolate sandwich cookies.To the right of that area, around 100 guests are gathered on the grass underneath a large white tent.

FLOTUS is on a small stage, delivering her remarks in front of a navy curtain hanging from one edge of the tent. She has changed clothing from this morning’s event, and is now wearing a brown-and-white graphic print halter dress, with a narrow row of subtle beading down the front. She is also wearing black patent-leather pumps and turquoise drop earrings. “I am deeply honored and moved to be here.  I always am.  Coming to Los Angeles is always a refreshing experience because the love and support and the sophistication around the issues and the passion always gives both me and Barack an important boost. I want to start by thanking Barry and Wendy not just for their very smart and in-depth and gracious introductions, but for the role that they play not just in politics but in the world, in life…”

The mood is casual, with at least one guest sitting in the grass while listening to FLOTUS, and others, including some elderly guests, perched on chairs. The sun begins to set as FLOTUS nears the end of her remarks. At the end of her remarks, FLOTUS blows kisses to the crowd, then exits out the side of the house, past a row of rose bushes bearing yellow and peach blossoms. On their way out, guests are handed clear cellophane bags containing large white meringue cookies.

2ND UPDATE, 3:25 PM: Today the First Lady went first to a family-oriented fundraiser at singer Gwen Stefani’s Beverly Hills house around 1:40 PM, Here’s the White House Pool Report from Stefani’s event:

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.

On Monday, she’ll make her third appearance on Jay Leno’s Tonight Show where she’ll primarily discuss the London Olympics.

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