Beyonce Knowles at the 81st Annual Academy Awards.

"I feel like a young Audrey Hepburn," Vanessa Hudgens said of her black Marchesa gown, which coordinated with boyfriend Zac Efron's sleek black tuxedo outside L.A.'s Kodak Theatre.

Penélope Cruz – who went on to win Best Supporting Actress for Vicky Cristina Barcelona and Marion Cotillard at the 81st Annual Academy Awards.

Penélope Cruz's dress was simply stunning, mainly because it’s vintage couture, lace print and embellished, and over 60 years old! Pierre Balmain Haute Couture is the design house.

Marion Cotillard at the 81st Annual Academy Awards. Penelope Cruz always brings out the feminine layers for her red carpet gowns.

Taraji P. Henson’s Roberto Cavalli (Roberto Cavalli handbags) gown was ultra feminine and gorgeous. So does her Fred Leighton diamond necklace. Besides she rocked a red Mary Norton clutch for a punch of red color.

Best Supporting Actress nominees Viola Davis (for Doubt) and Taraji P. Henson (for The Curious Case of Benjamin Button) show there's no hard feelings as the two share smiles before the show. Viola Davis’s Reem Acra gown and silver clutch are a good match.

Actress Jessica Biel arrives at the 81st Annual Academy Awards held at The Kodak Theatre on February 22, 2009 in Hollywood, California.

Freida Pinto rocked a gorgeous blue John Galliano (John Galliano handbags) dress with a Judith Leiber clutch.

Heidi Klum arrives at the 81st Annual Academy Awards.

Tish Cyrus and Miley Cyrus at the 81st Annual Academy Awards.

Miley Cyrus, who joked that she was on hand for some "star-stalking," makes her entrance – with Oscar just behind her.

Pucker up! Sophia Loren gets ready to plant one on Doubt star Meryl Streep, who was celebrating her record 15th Oscar nomination, this time for Best Actress.

 Meryl Streep at the 81st Annual Academy Awards.

Diane Lane (in Dolce & Gabbana) and Best Supporting Actor nominee Josh Brolin (for Milk) stay connected and coordinated as they head into the ceremony.

Virginia Madsen at the 81st Annual Academy Awards.

Alicia Keys arrives at the 81st Annual Academy Awards.

John Legend and his girlfriend Christine hit the carpet. Christine looked gorgeous this time around.

Melissa George at the 81st Annual Academy Awards.

Ryoko Hirosue from the film "Departures" arrives at the 81st Annual Academy Awards.

Phoebe Cates and Kevin Kline at the 81st Annual Academy Awards.

Angelina Jolie (up for Best Actress for Changeling) and Brad Pitt (nominated for Best Actor for The Curious Case of Benjamin Button) show off their red-carpet prowess as the night's hottest couple.

Source: Anythingblack, Yahoo