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No, she's not going to an ugly sweater party ... but she does look excited to get to work this evening!

Katie Holmes was snapped in New York City on Saturday, and today was a double day for her, as she has both a 2pm and an 8pm performance of the play Dead Accounts. While it hasn't been getting the best reviews, at least the production hasn't gotten shut down!

Chaplin, The Anarachist and Kathie Lee Gifford’s Scandalous have all received closing notices, mostly due to low ticket sales. A Broadway source tells NYDN's [email protected] that the play only made it to the stage because Holmes agreed to star, and "now its future rests entirely on her shoulders." The insider added, “Katie is a curiosity. She is not a Broadway actress. But I don’t believe that anyone will pull the rug out on her. I don’t believe Katie’s team would stand for it.”

Let's hope not!