UPDATE: The 2012 Vanity Fair Oscar Party – The Outfits

Olivia Wilde in Gucci

Rashida Jones in Elie Saab

Olivia Munn in Calvin Klein Collection

Olga Kurylenko in Georges Hobeika Couture

Mia Wasikowska in Antonio Berardi

Lilly Collins in Monique Lhuillier

Kate Hudson in Versace

Kate Bosworth in Prabal Gurung

Julie Bowen in Halston

Jennifer Lopez in Zuhair Murad

January Jones in Wes Gordon

Felicity Jones in Johanna Johnson

Emily VanCamp in J. Mendel

Elizabeth Banks in Chadwick Bell

Diane Kruger in Calvin Klein Collection

Dakota Johnson in Gucci

Claire Danes in Valentino

Cameron Diaz in Victoria Beckham

Amy Adams in Vivenne Westwood

Abbie Cornish in Tommy Hilfiger

Sofia Vergara in Roberto Cavalli

Shailene Woodley in Proenza Schouler

Selena Gomez in Dolce & Gabbana

Salma Hayek in YSL

Rosie Huntington-Whiteley in Antonio Berardi

Rosario Dawson in Salvatore Ferragamo

Teresa Palmer in Calvin Klein Collection

Zoe Saldana in Marios Schwab

pictures via: zimbio.com/justjared.buzznet.com