The former Baywatch actress will make her debut in the theatrical musical-comedy production Aladdin, where she will play the part of the Genie in the Lamp over the Christmas period.
Pamela will guest star in the role for two weeks and is expected to don a bright, sequined costume and be painted green or blue in the tradition of the Genie role, when she appears at London’s New Wimbledon theatre.
Producer of the pantomime, Kevin Wood, said getting Pamela involved was a major coup.
The Canadian-born star will reportedly receive a £375-a-day flat fee for her performance.
Former Playboy model Pamela recently admitted her boyfriend - surfer-and-electrician Jamie Padgett - thinks she has a split personality, because she loves acting out different characters.
She said: "I have a split personality. My boyfriend would tell you that I play a lot of characters. As soon as the camera comes out, I assume another role.
People never think I am much of an actress, but it's always a performance for me. I am a bit of an exhibitionist.
Starring opposite Pamela in the pantomime will be veteran actor, Brian Blessed, who takes the role of villain Abanazar.
Pamela will appear in the production from Sunday December 13 to Sunday December 27.