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          NEVER BEFORE HAD Barbra Streisand and Goldie Hawn held fund-raisers for the Cook County Recorder of Deeds. But 1992 was the "Year of the Woman," and no one symbolized it more than Carol Moseley-Braun.

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          Angered by the rough treatment Anita Hill had endured, Moseley-Braun set out to become the first African-American woman in the U.S. Senate--and did. The day she took office, poet Gwendolyn Brooks exalted her as "a young giant." Moseley-Braun fanned the high expectations.

          "By my very presence," she pledged, "the U.S. Senate will change."

          Yet halfway through her first term, Moseley-Braun has disappointed many of those who struggled to elect her. Mired in campaign debt, dogged by a federal audit of how she spent $6.7 million in 1992, Moseley-Braun is fast approaching a crisis.

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        6. With the audit hanging over her, she can't persuade contributors to pay off the debt. Nor can she begin piling up the $10 million she'll need to run for re-election in 1998. Her harshest critics say these pressures