I wonder if our paths ever crossed? I was a Yeoman at US Naval Nuclear Power Training Unit, IF, 8/62 to 7/65. Cdr Kauffman was the CO. I was Staff and never met very many students. I see now he is a retired Admiral.
That oval-shaped picture of yours looks a lot like Jane Pierce. I could only find 1 picture of her, not yours. You might want to check on it. If it is, she could be worth a a few bucks.
Barry, I briefly researched your lady in the oval frame. I think you might have a picture of somebody famous and it could be worth some big bucks if it is who I suspect.
Send me an E-mail. That way I can send you a picture of who I think it is and you can compare with the original. My em is: email@example.com