I found this monogrammed pillow on Better Homes & Garden’s bhg.com web site. The article includes other examples of monogrammed projects, including chair covers and table linens, and you can use our stencil search engine to find a selection of monogram stencils.
The Crafts Dept. at MarthaStewart.com has a great new article on Stenciling Basics, which is where I came across this pillow. The stencil used was made with the Deep Edge Daisy punch and Freezer Paper.