I think it's either COBL races or HGEC or one of the other female body mods I have.
http://i175.photobucket.com/albums/w139/tatts4life_photos/Oblivion%20Glitches/ScreenShot92.jpg
Spoiler
Active Mod Files:00 Oblivion.esm01 Cybiades.esm [Version 2.0]02 All Natural Base.esm [Version 1.0]03 Francesco's Leveled Creatures-Items Mod.esm [Version 4.5bSI]04 Francesco's Optional New Items Add-On.esm [Version 4.5bSI]05 Cobl Main.esm [Version 1.72]06 Oscuro's_Oblivion_Overhaul.esm [Version 1.34]07 Mart's Monster Mod.esm [Version 3.7b3p3]08 FCOM_Convergence.esm [Version 0.9.9MB3]09 Armamentarium.esm [Version 1.35]0A Artifacts.esm0B DremoraCompanion.esm0C Better Cities Resources.esm [Version 4.7.1]0D CustomSpellIcons.esm** Cobl Races TNR.esp [Version 1.53]** Cobl Races TNR SI.esp [Version 1.53]0E Unofficial Oblivion Patch.esp [Version 3.2.10]0F Oblivion Citadel Door Fix.esp10 DLCShiveringIsles.esp11 Unofficial Shivering Isles Patch.esp [Version 1.4.0]12 Better Cities .esp13 Francesco's Optional Chance of Stronger Bosses.esp14 Francesco's Optional Chance of Stronger Enemies.esp15 Francesco's Optional Chance of More Enemies.esp16 Francesco's Optional Leveled Guards.esp++ FCOM_Francescos.esp [Version 0.9.9]++ FCOM_FrancescosItemsAddOn.esp [Version 0.9.9]17 FCOM_FrancescosNamedBosses.esp [Version 0.9.9]18 Fran_Lv30Item_Maltz.esp++ LoadingScreens.esp19 Natural_Habitat_by_Max_Tael.esp1A All Natural - Real Lights.esp [Version 1.0]1B All Natural.esp [Version 1.0]1C All Natural - SI.esp [Version 1.0]1D Enhanced Water v2.0 HD.esp1E LightningStrikes.esp1F SnakeLightningSpeed.esp20 WindowLightingSystem.esp21 Akatosh Mount By Saiden Storm.esp** Book Jackets Oblivion - BP.esp22 aaaBorsBedrolls.esp23 ClocksOfCyrodiil_BC_OBC_OC_OCLR_Vanilla.esp24 SwampGrass.esp++ Item interchange - Extraction.esp [Version 0.76]25 Reznod_Mannequin.esp26 Landmarks, w Wells.esp [Version 1.11]27 sr_super_hotkeys.esp [Version 0.54]28 DLCHorseArmor.esp29 DLCHorseArmor - Unofficial Patch.esp [Version 1.0.5]2A DLCOrrery.esp2B DLCOrrery - Unofficial Patch.esp [Version 1.0.3]2C DLCVileLair.esp2D DLCVileLair - Unofficial Patch.esp [Version 1.0.5]2E DLCMehrunesRazor.esp2F DLCMehrunesRazor - Unofficial Patch.esp [Version 1.0.4]30 DLCSpellTomes.esp++ DLCSpellTomes - Unofficial Patch.esp [Version 1.0.1]++ MaleBodyReplacerV4.esp31 Alluring Potion Bottles v2.esp32 DLCThievesDen.esp33 DLCThievesDen - Unofficial Patch.esp [Version 1.0.5]34 DLCThievesDen - Unofficial Patch - SSSB.esp [Version 1.0.4]35 Cobl Glue.esp [Version 1.72]36 Cobl Si.esp [Version 1.63]37 Bob's Armory Oblivion.esp38 FCOM_BobsArmory.esp [Version 0.9.9]39 Loth's Blunt Weapons for Npcs.esp++ FCOM_LothsBluntWeapons.esp [Version 0.9.9]3A Oblivion WarCry EV.esp [Version 1.09]3B FCOM_WarCry.esp [Version 0.9.9MB5]3C Oscuro's_Oblivion_Overhaul.esp [Version 1.34]++ OOO-Water_Weeds.esp [Version 1.33]3D OOO-No_Guild_Ownership.esp [Version 1.33]3E OMOBS.esp [Version 1.0]3F OMOBS_SI.esp [Version 1.0]++ ArmamentariumLLVendors.esp [Version 1.35]40 ArmamentariumArtifacts.esp [Version 1.35]++ ArmamentariumLLArmaVendor.esp [Version 1.35]** OOO 1.32-Cobl.esp [Version 1.72]41 Mart's Monster Mod - Additional Enemy NPC Vars.esp [Version 3.7b3p3]42 FCOM_Convergence.esp [Version 0.9.9Mb3]++ FCOM_EntropicOrderRebalance.esp [Version 0.9.9beta2]43 FCOM_RealSwords.esp [Version 0.9.9]44 FCOM_DurabilityAndDamage.esp [Version 0.9.9]45 Mart's Monster Mod - More Wilderness Life.esp [Version 3.7b3p3]++ Mart's Monster Mod - More Passive Wildlife.esp [Version 3.7b3p3]++ FCOM_SaferRoads.esp [Version 0.9.9]++ Mart's Monster Mod - Looting NPCs & Creatures.esp [Version 3.7b3p3]++ Mart's Monster Mod - Less Bone Loot.esp [Version 3.7b3p3]46 Mart's Monster Mod - Zombies for Body Meshes.esp [Version 3.7b3p3]47 Mart's Monster Mod - Safer Quest Locations.esp [Version 3.7b3p3]48 Mart's Monster Mod - Dungeons of MMM.esp [Version 3.7b3p3]49 Mart's Monster Mod - Hunting & Crafting.esp [Version 3.7b3p3]4A Mart's Monster Mod - Farm Animals.esp [Version 3.7b3p3]4B Mart's Monster Mod - Diverse WaterLife.esp [Version 3.7b3p3f]++ Mart's Monster Mod - Slof Horses Complete.esp [Version 3.7b3p3]++ Mart's Monster Mod - Diverse Runeskulls Loot.esp [Version 3.7b3p3]++ FCOM_DiverseGuardUnity.esp [Version 0.9.9]++ FCOM_BobsGuardUnity.esp [Version 0.9.9]4C FCOM_FriendlierFactions.esp [Version 0.9.9]4D FCOM_MoreRandomSpawns.esp [Version 0.9.9]4E FCOM_MoreRandomItems.esp [Version 0.9.9]++ Mart's Monster Mod - Shivering Isles.esp [Version 3.7b3p3]++ ArmamentariumLL4OOO.esp [Version 2.01]++ ArmamentariumLLMagicOOO.esp [Version 1.35]** LoadingScreens-OOO.esp4F OOO-WaterFish.esp [Version 1.34]++ MMM-Cobl.esp [Version 1.69]50 ArmoryLab.esp51 Artifacts.esp++ Artifacts - ArmaCompleteAddon.esp [Version 1.0]52 BravilSeaDomesixpanded.esp53 Clamshell_Cottage_v1.5.esp54 eyja.esp55 LetThePeopleDrink.esp [Version 2.5]56 Museum.esp57 RomancingAhnassi.esp58 Septim Mansion.esp59 VaultsofCyrodiilBC.esp5A DLCBattlehornCastle.esp5B DLCBattlehornCastle - Unofficial Patch.esp [Version 1.0.4]5C BattlehornCastleEnhanced.esp5D DLCFrostcrag.esp** DLCFrostcrag - Unofficial Patch.esp [Version 1.0.4]5E Knights.esp5F Knights - Unofficial Patch.esp [Version 1.0.9]60 Cybiades.esp [Version 2.1]61 CybiadesDungeon.esp [Version 2.1]++ cybCrashFix.esp62 TOTF.esp63 RTT.esp64 The Lost Spires.esp65 Shadowcrest_Vineyard.esp66 Mart's Monster Mod - City Defences.esp [Version 3.7b3p3]++ FCOM_Knights.esp [Version 0.9.9Mb3]67 xuldarkforest.esp [Version 1.0.5]68 LostSpires-DarkForest patch.esp69 xulStendarrValley.esp [Version 1.2.2]6A xulTheHeath.esp6B XulEntiusGorge.esp6C xulFallenleafEverglade.esp [Version 1.3.1]6D LostSpires-Everglade patch.esp [Version 1.2]6E xulColovianHighlands_EV.esp [Version 1.2.1]6F xulChorrolHinterland.esp [Version 1.2.2]70 mythsandlegends.esp71 xulBeachesOfCyrodiilLostCoast.esp [Version 1.6.4]72 xulBravilBarrowfields.esp [Version 1.3.2]73 xulLushWoodlands.esp [Version 1.3]74 xulAncientYews.esp [Version 1.4.3]75 xulAncientRedwoods.esp [Version 1.6]76 xulCloudtopMountains.esp [Version 1.0.3]77 xulArriusCreek.esp [Version 1.1.3]78 xulPatch_AY_AC.esp [Version 1.1]79 xulRollingHills_EV.esp [Version 1.3.2]7A xulPantherRiver.esp7B xulRiverEthe.esp [Version 1.0.2]7C xulBrenaRiverRavine.esp [Version 1.0.2]7D xulImperialIsle.esp [Version 1.6.5]7E xulBlackwoodForest.esp [Version 1.0.4]7F xulCheydinhalFalls.esp [Version 1.0.1]80 TearsOfTheFiend-CheydinhalFalls patch.esp81 xulAspenWood.esp [Version 1.0.2]82 xulSkingradOutskirts.esp83 xulSnowdale.esp [Version 1.0]84 FrostcragReborn-Snowdale patch.esp85 OOO-Snowdale Patch.esp86 Millstone_Farm.esp87 Dungeon Actors Have Torches 1.6 DT.esp88 Exterior Actors Have Torches 1.3 DT.esp89 Oblivifall - Ambiant Dungeon SFX.esp [Version 1.2]8A Salmo the Baker, Cobl.esp [Version 3.08]++ ScriptIcon_Replacer.esp++ Enhanced Vegetation [100%].esp8B Quest Award Leveller.esp++ Quest Award Leveller - Battlehorn Castle.esp++ Quest Award Leveller - Vile Lair.esp++ Quest Award Leveller - Mehrunes Razor.esp++ Quest Award Leveller - Knights of the Nine.esp8C Carry_all_you_want-5118.esp8D RealisticForceHigh.esp8E Telekinetic Mastery.esp [Version 2]8F RefScope.esp [Version 2.0.2]90 MidasSpells.esp91 EnchantmentRestore.esp++ EnchantmentRestore_Wells.esp92 StealthOverhaul.esp93 No psychic guards v1.2.esp94 Oblivion XP.esp [Version 4.1.5]95 CTAddPose_osr1.esp96 CTAddPose_osr2.esp97 CTAddPose_osr3.esp98 actors_in_charge.esp99 77_Umpa_Animation.esp** Item interchange - Placement for FCOM.esp [Version 0.76]++ Item interchange - Placement for Frostcrag Reborn.esp [Version 0.76]9A Moonshadow Elves - NoSc.esp9B 1em_Vilja.esp [Version 2.3.1]9C 1em_Vilja_as_Moonshadow_Elf_Stranger.esp9D Arren.esp9E DremoraCompanion.esp9F Sonia.espA0 Cobl Races.esp [Version 1.52]A1 Better Cities Full.esp [Version 4.7.0]A2 Better Cities - Unique Landscape Barrowfields.esp [Version 4.7.0]A3 Better Cities - Ruined Tail's Tale.esp [Version 4.7.0]A4 Better Cities - Unique Landscape Chorrol Hinterland.esp [Version 4.7.0]A5 Better Cities - Tears of the Fiend.esp [Version 4.7.0]A6 Better Cities - Unique Landscape Cheydinhal Falls.esp [Version 4.7.0]A7 Better Cities - Unique Landscape Skingrad Outskirts.esp [Version 4.7.0]A8 Better Cities - VWD of the IC.esp [Version 4.7.0]A9 Better Imperial City.esp [Version 4.7.0]AA Better Imperial City FPS Patch.esp [Version 4.7.0]AB Better Cities Full FPS Patch.esp [Version 4.7.0]++ Real Lava 1.3.esp++ Visually Enchanted Damage and Absorb with Particles.esp++ Visually Enchanted Fire 1.esp++ Visually Enchanted Frost 1.esp++ Visually Enchanted Shock 1.esp++ Cobl Filter Late MERGE ONLY.esp [Version 1.53]AC Cobl Silent Equip Misc.esp [Version 01]** All Natural - Indoor Weather Filter For Mods.esp [Version 1.0]AD LandMagicPatch.espAE Bashed Patch, 0.espAF FormID Finder4.espB0 Streamline 3.1.espB1 Better Cities - The Lost Spires.esp [Version 4.7.0]B2 Slof's Nightmare.esp