Sean Penn's daughter Dylan strips down

The model-turning-actress poses on a mag cover with a strategically placed purse.

Sean Penn and Robin Wright's nearly 23-year-old daughter is, evidently, all grown up.

Dylan Penn has landed on the cover of "limited edition fine art quarterly" (per the press materials)Treats! Magazine in her birthday suit, wearing big hair and a small but strategically positioned furry (oh, yes) handbag. If you focus on her face (ha), she's an eerie amalgam of her parents.

The younger Penn, a model transitioning to movies (her first is a horror flick, The Condemned, due out next year), passed on a Playboy pictorial to pose for Treats!, according to the magazine.

"It was definitely an experience I will never forget," Penn says in the accompanying interview. "I never would have guessed getting naked — using a Fendi purse to cover my vagina! — would be so challenging. Ha!"