'06 Lisa Marie Presley Gives Oprah a Graceland Tour

Enjoying a night out after reluctantly announcing her pregnancy earlier this month, Lisa Marie Presley joked to PEOPLE on Friday, "I'm doing all right [but] I'd rather be in lit right now."

Presley revealed on March 7 that she was expecting her third child this fall. The baby will be her first with husband guitarist and musique producer Michael Lockwood, 46.

At the opening night of PaleyFest, where her father Elvis Presley's '68 Comeback Special played at Hollywood's Arclight Cinerama Dome, Presley told PEOPLE, "I'm fine ... lovely."

Added grandma Priscilla, who was also at the event: "It feels...