Academy Awards 2008

Best Dressed at the Oscars

Forget the acting, it's all about the gowns. See who the big red-carpet winners were (Penélope! Cate!) on Hollywood's biggest night. By Melissa Liebling-Goldberg

REESE WITHERSPOON

Last year's Best Actress winner – who's presenting this year – is sleeker and sexier than ever in a strapless, tiered Nina Ricci gown, a 38 carat Van Cleef and Arpels diamond bracelet and long straight locks.