Britain's cycling golden girl poses on the yellow brick road dressed as Dorothy from the Wizard of Oz as she begins her Olympic journey.
Pendleton, 31, wants another medal ? or three ? to add to her Beijing gold and there is no place like home to win them.
If her dreams really do come true, Pendleton could top the podium in the individual sprint, team sprint and keirin.
She said: "The training is very similar for all three so, if my form is good and I'm going well, it would be crazy not to give them all a shot.
"I do them in a much shorter, compact programme at the World Championships and I have won all three in the past, so I know it is possible."
Pendleton took time out from her schedule to offer some advice to women whose New Year's resolution is to lose weight.
She added: "The secret to a healthy lifestyle is not crash diets, marathons or cutting out whole food groups."