PALS FEAR SHE WILL O.D.

SHE'S CLOSE TO GOING BROKE

DRUGS WRECK HER VOCAL CORDS

By JOHN SOUTH and PATRICIA SHIPP

Whitney Houston is spiraling out of control on a new cocaine binge that has left her friends and family fearing for her life.

Looking dazed and disheveled, the fallen songbird was snapped in her pajama pants and fur coat at 4 am — and The National Enquirer has obtained the exclusive photo.

The shocking picture brings into sharp focus Whitney's tragic relapse into drug hell.

Pick up this week's National Enquirer to read the rest of this story and see our exclusive photos.