This is the info that came with this watch
Beauty by Bulova 21 Jewel 6BA Luxury 10K GF Wristwatch
Movement marked: Bulova Watch Co. 21 Jewels 6BA USA "48" 1948
Caseback marked: Bulova 10K Gold Filled i706879
Inside caseback: Fifth Avenue New York
Lovely Speidel 10K Gold filled Band w/Safety Chain
Movement: Mechanical 4B 1948
will post new photos shortly
this came with the box you see in the first pic . top little watch keeps spot on time and runs for about 36 hrs :)
09/12/12
2 ticks for the HE "N" because, like Mark, I believe that the color effects the variant.
I believe that this is the "M" based on how they are using the variants in other Her Excellency models in this time. M for yellow, N for pink, O for white probably (I have seen white models but not an ad yet to verify the variant)

I think that makes sense, 'M' variant for me.