Holmes082508Set2_01_X17.jpgKatie Holmes Holmes082508Set2_02_X17.jpg What, you thought Katie Holmes would spend all her time in New York getting ready for All My Sons? Well, guess again - yesterday, we caught Katie checking out the competition!

Our photographers spotted Katie yesterday afternoon on her way out of 37 Arts Theatre, a small, off-Broadway playhouse. Whatever Katie saw in there sure left her feeling good - just check out that happy smile on her face!