This pattern is the same as the Tivoli pattern.
(description from magknits.com)
Dress it up, or dress it down! The Picovoli t-shirt pattern lets you choose whether delicate picots surround the neckline, armholes, and/or hem, or whether the lines remain unadorned and straight. Flattering and feminine design details – ballet neckline, full-fashioned shaping, and close-fitting style – are achieved simply: the t-shirt is knit in the round, from the top down, and in one piece, so there’s no seaming. For knitters who choose straight edges, finishing is limited to weaving in ends from joining skeins. The versatile Picovoli can be your top for your next occasion, casual or dressy!"
Additional Picovoli Info: (including directions for adding long sleeves, a KAL, and a gallery)