I like
Elisabeth, it's very soft and refined and though I personally prefer
Elizabeth, it's a beautiful name. I wouldn't be sad to see a little
Elisabeth walking around, that's for sure. =] Still, I'm too fond of
Bessie, though
Bess is cute. Personally if I had a strong reason to use
Elisabeth I'd probably call her
Lisa sometimes as an unofficial nickname to honor my best friend,
Lisa. That's just me though, there's tons of nicknames for Elisabeth/Elizabeth that I wouldn't worry too much about it.