Fold oval in half the long ways. Use the rectangle punch or exacto knife to cut slits. (Personally, I think an exacto knife works best for the ribbon handle. I used the punch so that you could see the placement better.)
It should look like this when the envelope is unfolded.
Use the round tab punch to make a "latch" for your purse. You may decorate it as you wish.
Use a brad to attach the tab to the purse front.
Apply the velcro dots in the appropriate places.
Attach the ribbon handle by knotting the ends on the inside.
Decorate as desired. If you want an edge, like the rose red rim, you will have to attach it to the flap before you add the latch.
Feel free to contact me if you have any questions! Enjoy. (PS...sorry for the blurry shots. I've got 2 four year olds scampering about!)
Oh...and...Here is the back:
This is my friendly reminder to all of my readers about Women's Health in October! (hehe.) I'll be giving this to my friend M*, who does amazing things with punches. The rest of you will just have to have a cyber reminder!