Highly Prized Possession is the tenth studio album by Canadian country pop artist Anne Murray, released in November 1974. In the U.S., the album peaked at number 8 on the country album charts and number 70 on the pop albums chart; in Canada, the album reached number 26. Murray's cover of the Beatles' "Day Tripper" was released as a single (following her chart success the year before on another Beatles cover "You Won't See Me"), and it reached # 59 on the Hot 100, but failed to hit the U.S. Country chart.
- Anne Murray – vocals, supporting vocals (1-7, 9, 10)
- Pat Riccio Jr. – pianos (1, 2), acoustic piano (3, 5, 6, 8-10), organ (3, 5, 7, 9, 10)
- Brian Ahern – acoustic guitar (1-3, 5, 6, 9), percussion (3, 6, 7, 9), guitars (4, 7, 10), bass (4), rhythm guitars (8), ukulele (8), harmonica (8)
- Amos Garrett – guitars (1-3, 6, 9)
- Ben Keith – steel guitar (2, 5, 7, 9), slide guitar (8)
- Rick Kunha – guitars (4)
- Robert Cardwell – guitars (5, 10)
- Robbie MacNeill – "ragtime" guitar (8), supporting vocals (8)
- Skip Beckwith – basses (1, 3), bass (2, 5-10)
- Pentti Glan – drums (1-3, 6, 9, 10), percussion (1)
- Andy Cree – drums (5, 7, 8)
- Don Thompson – saxophones (1, 6)
- Milan Kymlicka – horns (1), strings (1-3)
- Rick Wilkins – horns (5), strings (5, 7, 9, 10), saxophone arrangements (6)
- Dianne Brooks – supporting vocals (1-7, 9, 10)
- Laurel Ward – supporting vocals (1-7, 9, 10)
- Bonnie Beckwith – supporting vocals (8)
- Paul White – executive producer
- Brian Ahern – producer, arrangements, engineer
- Gregory "Gabby" Garcia – engineer
- Peter Mann – engineer
- Chris Skene – engineer
- Stuart Taylor – engineer
- Bob Hanks – administrator
- Balmur Ltd. – art direction, design
- Paul Cade – art direction, design
- Ed Harris – photography
- Gord Marci – photography
- Typsettra Ltd. – typography
