This set was given to me in 1988 by the Lauder company. As a Marshall Fields' Lauder counter girl, it was my holiday employee gift. 
The gift recognizes tha Fall's launch of Estee Lauder's "Knowing" fragrance. The gift set included all you see here.
Inside the black and white gift box, with "Knowing, Estee Lauder" printed on the lid, was/is the beaded evening purse, a purse size spray of Knowing, the holiday gift card, and tissue paper.

The 5.5 x 4.75 inch gift card reads:
KNOWING
The HOliday Season
is time for Celebrating
Join me in celebrating our working together
as I extend to you and your family
all the joys and best wishes for the
New Year!
The purse is all in jet black. It's a satin envelope style purse, with a satin rope cord as the shoulder strap. The front & back are covered in beading. There are several sized beads used to create the same lines as the Knowing packaging.

Opened, the purse also shows a beaded decorative border.
The inside is lined with satin; there is one side pocket. Measures 8.25 inches wide x 5.5 inches tall, and it flexes to 2.5 inches at the bottom. This purse was never used, and it has been inside the box all these years. Slight Knowing fragrance, but no odors.
The .18 FL OZ Knowing Eau De Parfum Spray is still inside its original box. The box reads: Sample -- Not For Sale (#9839-40).
Gift box measures 10 x 6.75 x 3.25 inches. It has some corner rubs from storage, but otherwise is fine. The card, fragrance & purse are in new conditions.
This is an exclusive set, it was limited to employees only.