This year's Oscars were all about the light fairy tale gowns, and these actresses didn't disappoint: Penelope, Natalie, Sarah and even Miley - all made excellent choices and shined on the red carpet tonight. FULL OSCARS FASHION REPORT >>

Penelope Cruz

Miley Cyrus

Sarah Jessica Parker

Marissa Tomei

Natalie Portman

Kate Winslet

Vanessa Hudgens