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Britney Graces Cosmo ... Five Years Too Late

11/5/2008 5:30 AM PST BY TMZ STAFF

Britney Spears looks amazing on the December cover of Australian Cosmo -- only problem...the picture is five years old!
Britney Spears
These pre 5150/ K-Fed pics were taken by James White for a cover story that ran in Esquire Magazine back in 2003.

Cosmo clearly wants more Brit for the buck.

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