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Rachel Bilson leaves her home wearing a gorgeous Zac Posen gown as she heads out to various Oscars parties in Hollywood on Sunday (March 7).

RB accessorized with a Vintage cape and a Vera Wang cuff.

The 28-year-old former OC actress has recently been seen around town attending meetings for future projects. What does RB have up her sleeve?

Check out the red 3.1 Philip Lim handbag she’s been toting everywhere!

10+ pictures inside of Rachel Bilson, the Oscar party princess…

Vanessa Hudgens looks drop dead gorgeous in an ebony Jenny Packham dress while walking the red carpet at the 2010 Vanity Fair Oscar Party hosted by Graydon Carter held at the Sunset Tower Hotel in Los Angeles on Sunday evening (March 7).

The 21-year-old rising starlet will be joining boyfriend Zac Efron at the party. Zac presented at the Oscar awards show with Twilight hottie Anna Kendrick.

Vanessa will be honored at 2010 ShoWest in Las Vegas as the Female Star of Tomorrow along with Beastly costar Alex Pettyfer.

Miley Cyrus and Liam Hemsworth keep close as they pose for pictures at the 2010 Elton John AIDS Foundation Academy Award Party in Hollywood on Sunday evening (March 7).

The Last Song co-stars spent time at the party hanging out with Nicole Richie.

Miley and rising star Amanda Seyfried presented the Oscar for Best Original Song earlier in the night. T Bone Burnett won the Oscar for "The Weary Kind" from Crazy Heart.

10+ pics inside of Miley Cyrus and Liam Hemsworth coupling up at the post-Oscars parties…

Hilary Swank wears a daring ensemble at the Vanity Fair Oscar Party hosted by Graydon Carter at West Hollywood’s Sunset Tower on Sunday (March 7).

The 35-year-old actress, who carried a “Rocailles” clutch by Roger Vivier, celebrated the 2010 Oscars with celebs including Jerry Seinfeld and Ron Howard.

FYI: Hilary rocked a Solange Azagury-Partridge Supernova 18 ct blackened white gold and diamond ring and Jimmy Choo “Emerald” platform sandals at the party. She also sported a “Charleston” diamond pendant and “Lotus” diamond earrings set in 18k white gold by Van Cleef & Arpels.

10+ pictures inside of Hilary Swank at the Vanity Fair Oscar Party…

Kathryn Bigelow shows off her two Oscars as she stands next to screenwriter Mark Boal and producer Greg Shapiro as they accept the Oscar for Best Picture for their film The Hurt Locker at the Kodak Theater in Los Angeles on Sunday night (March 7).

The 58-year-old director said in her acceptance speech, “This really is… There’s no other way to describe it, it’s the moment of a lifetime. First of all, this is so extraordinary to be in the company of such powerful, my fellow nominees, such powerful filmmakers who have inspired me and I have admired for, some of whom, for decades. And thank you to every member of the Academy. This is, again, the moment of a lifetime.”

Kathryn is the first woman to win the Best Director Oscar in the Academy’s history.

Also pictured below are stars Jeremy Renner, Brian Geraghty and Anthony Mackie as well as presenter Barbara Streisand.

10+ pics inside…

Sandra Bullock wins an Oscar for Best Actress for her role in The Blind Side at the 2010 Oscars held at the Kodak Theater on Sunday (March 7) in Hollywood.

The 45-year-old Speed actress gave an emotional acceptance speech as she accepted her award. She also graciously spoke about the other four nominees: Carey Mulligan, Helen Mirren, Gabourey Sidibe and Meryl Streep.

“Did I really earn this or did I just wear you all down? I would like to thank the Academy for allowing me in the last month to have the most incredible ride with rooms full of artists that I see tonight and that I’ve worked with before and I hope to work with in the future, who inspire me and blaze trails for us. Four of them that I’ve fallen deeply in love with I share this night with and I share this award with.”

Click inside to read the rest of Sandra’s acceptance speech!

“Gabby, I love you so much. You are exquisite. You are beyond words to me. Carey, your grace and your elegance and your beauty and your talent makes me sick. Helen, I feel like we are family through family and I don’t have the words to express just what I think of you. And Meryl, you know what I think of you and you are such a good kisser.

I have so many people to thank for my good fortune in this lifetime and this is a once-in-a-lifetime experience, I know. To the family that allowed me to play them, the Tuohy family, I know they’re in here and you’ll probably hear her in a minute. Maybe not. Thank you for giving me the opportunity to… the family that made this film that gave me the opportunity to do something different. John Lee Hancock, Gil Netter, Alcon, Warner Bros., the actors, everyone who’s shown me kindness when it wasn’t fashionable, I thank you. To everyone who was mean to me when it wasn’t… George Clooney threw me in a pool years ago. I’m still holding a grudge. But there’s so many people to thank.

Not enough time, so I would like to thank what this film is about for me which are the moms that take care of the babies and the children no matter where they come from. Those moms and parents never get thanked. I, in particular, failed to thank one. So… if I can take this moment to thank Helga B. for not letting me ride in cars with boys until I was 18 because she was right. I would’ve done what she said I was gonna do. For making me practice every day when I got home. Piano, ballet, whatever it is I wanted to be. She said to be an artist, you had to practice every day, and for reminding her daughters that there’s no race, no religion, no class system, no color, nothing, no sexual orientation that makes us better than anyone else. We are all deserving of love. So, to that trailblazer, who allowed me to have that. And this. And this. I thank you so much for this opportunity that I share with these extraordinary women and my lover Meryl Streep. Thank you.”

Jeff Bridges wins an Oscar for Best Actor in a Leading Role for his work in Crazy Heart at the 2010 Oscars held at the Kodak Theater on Sunday (March 7) in Hollywood.

The 60-year-old actor, who was supported by his wife Susan Geston at the event, won his first Oscar.

While accepting top honors, Jeff attributed his win to his parents.

“Thank you Mom and Dad for turning me on to such a groovy profession,” Jeff said. “They loved showbiz so much, I feel an extension of them. This is honoring them as much as it is me.”

Jeff has been nominated in the past for his work in The Contender, Starman, Thunderbolt and Lightfoot, and The Last Picture Show.

25+ pictures inside of Jeff Bridges accepting his first Oscar at the Academy Awards…

Mo’Nique accepts her Oscar for Best Supporting Actress in her work in Precious: Based on the Novel Push by Sapphire 2010 Oscars held at the Kodak Theater on Sunday (March 7) in Hollywood.

At the end of her acceptance speech, the 44-year-old actress thanked her husband Sidney Hicks.

“To my amazing husband Sidney, thank you for showing me that sometimes you have to forego doing what’s popular in order to do what’s right,” Mo’nique said. “And baby, you were so right. God bless us all.”

10+ pictures inside of Mo’Nique winning her very first Oscar…

Ben Stiller channels his inner Na’vi by wearing blue makeup as he appropriately presented the winner of the makeup category at the 2010 Oscars held at the Kodak Theatre on Sunday (March 7) in Hollywood.

While on stage, the 44-year-old Tropic Thunder actor spoke in Avatar’s fictional Na’vi tongue and later provided his own translation.

‘That means: This seemed like a better idea in rehearsal,’” Ben joked. “It was between this and the Nazi uniform but the show seemed a little Hitler-heavy.”

10+ pictures inside of Ben Stiller in an Avatar outfit at the Oscars…

Queen Latifah looks radiant as she arrives at the 2010 Oscars held at the Kodak Theater on Sunday (March 7) in Hollywood.

The 39-year-old singer and actress was a presenter at the Academy Awards.

She introduced a clip for the Governor’s Award ceremony that honored achievements, exceptional contributions to Motion Picture Arts and Sciences, and outstanding service to the Academy.

10+ pictures inside of Queen Latifah arriving at the Oscars…

Keanu Reeves stands tall as he hits the red carpet at the 2010 Oscars held at the Kodak Theatre on Sunday (March 7) in Hollywood.

The 45-year-old Matrix actor is a presenter for the evening.

Keanu was last seen taking a stroll around New York City in February. He will soon be working on a new sci-fi romance film with The Pursuit of Happyness director Gabriele Muccino.

FYI: Keanu is wearing white gold, diamond and sapphire cufflinks by Cartier worth over $14,000!

10+ pictures inside of Keanu Reeves at the 2010 Oscars…

Lenny Kravitz gazes down at his lovely daughter Zoe as they arrive at the 2010 Oscars held at the Kodak Theater in Los Angeles on Sunday evening (March 7).

Zoe, 21, channeled old Hollywood glamour in a red and white gown paired with a Fred Leighton diamond wing brooch, pear-shaped diamond drop earrings, diamond paisley ring, three antique diamond rings, and two diamond square link bracelets.

Lenny and Zoe also attended the 2010 Independent Spirit Awards on Friday night.

10+ pics inside of Lenny and Zoe Kravitz…

Helen Mirren hits the red carpet in style with co-star and fellow Academy Award nominee Christopher Plummer at the 2010 Oscars held at the Kodak Theatre on Sunday (March 7) in Hollywood.

The 64-year-old actress paired a Badgley Mischka gown with Chopard earrings for the event, where she’s nominated for Best Actress in a Leading Role for her work in The Last Station.

The two friends had some fun with reporters on the red carpet - when USA Today asked who made his suit, Christopher said, “I did. I stayed up all night.”

“I hemmed the trousers for him,” Helen said.

Chris Pine looks sharp as he arrives at the 2010 Oscars at the Kodak Theatre on Sunday (March 7) in Hollywood.

The 29-year-old Star Trek actor, wearing a Ralph Lauren Purple Label tuxedo and Ferragamo shoes, is one of the presenters tonight at the Academy Awards.

Recently Chris finished up filming the action film Unstoppable with Denzel Washington. The action movie about a rail company trying to stop a volatile runaway train will hit theaters in November.

Woody Harrelson hits the red carpet with wife Laura Louie at the 2010 Oscars held at the Kodak Theatre on Sunday (March 7) in Hollywood.

The 48-year-old actor wore a custom-tailored black tuxedo, dress shirt and tie, all by Burberry.

Woody was nominated for Best Supporting Actor for his work in The Messenger! The award went to Christoph Waltz for Inglourious Basterds.

Demi Moore hits the red carpet at the 2010 Oscars held at the Kodak Theatre on Sunday (March 7) in Hollywood.

The 47-year-old Charlie’s Angels actress wore a stunning Atelier Versace strapless silk organza
gown paired with satin double-platform Versace sandals. The gown is a
blush tone with a full tiered skirt and a rose detail. She also carried a dark gold Ferragamo leather envelope clutch with pale pink stone closure. Demi accessorized with Van Cleef & Arpels jewelry.

10+ pictures inside of Demi Moore at the 2010 Oscars…

Sigourney Weaver looks fantastic in Lanvin and Jimmy Choo ‘Akuna’ jeweled sandals as she arrives at the 2010 Oscars held at the Kodak Theater in Los Angeles on Sunday evening (March 7).

The 60-year-old Avatar actress was joined by her husband Jim Simpson at the event.

Although she isn’t nominated tonight, Sigourney is no stranger to the Oscars. She was nominated three times for her work in Aliens, Working Girl, and Gorillas in the Mist: The Story of Dian Fossey.

Brian Geraghty is all smiles in Burberry on the red carpet of the 2010 Oscars held at the Kodak Theatre on Sunday (March 7) in Hollywood.

The 35-year-old actor and his Hurt Locker co-star, Anthony Mackie, both wore custom-tailored black tuxedos and dress shirts by Burberry!

FYI: Jeremy Renner (also pictured) chose a three-piece tuxedo by Emporio Armani.

10+ pictures inside of The Hurt Locker guys at the Academy Awards…

Meryl Streep looks stunning in a white draped Chris March gown as she arrives at the 2010 Oscars held at the Kodak Theater in Los Angeles on Sunday evening (March 7).

The 60-year-old actress completed her Oscar look with Jimmy Choo “Zena” Platform sandal heels and silver crystal mesh Mysthic clutch from Swarovski.

Meryl is up against Sandra Bullock, Helen Mirren, Carey Mulligan, and Gabourey Sidibe for Best Actress honors.

Cameron Diaz is looking lovely on the red carpet at the 2010 Oscars, held at the Kodak Theatre on Sunday (March 7) in Hollywood.

The 37-year-old actress, who presented the Best Animated Feature to Up this evening, wore an Oscar de la Renta gown. Cameron chose a champagne tulle gown with metallic ribbon and gold paillette embroidery from the fashion house’s Fall 2010 collection!

Cameron finished her look with a Roger Vivier Haute Couture Sesame clutch, gold satin Wagner pumps by Brian Atwood and white gold jewelry by Cartier.

Kate Winslet hits the red carpet at the 2010 Oscars held at the Kodak Theatre on Sunday (March 7) in Hollywood.

The 34-year-old Titanic actress wore a stunning strapless Yves Saint Laurent creation paired with a $2.5 million yellow diamond necklace by Tiffany & Co.

The evening’s festivities will be hosted by Alec Baldwin and Steve Martin. Presenters include Penelope Cruz, Miley Cyrus, Kristen Stewart, Taylor Lautner, Zac Efron and Kate Winslet.

10+ pictures inside of Kate Winslet at the 2010 Oscars…

Jake Gyllenhaal looks sharp as always as he arrives at the 2010 Oscars held at Kodak Theatre on Sunday (March 7) in Hollywood.

The 29-year-old Prince of Persia actor, who wore a Burberry suit and a pair of Ferragamo Tramezza black leather lace-up shoes, came out to support his big sister, Maggie Gyllenhaal, who is nominated for Best Actress in a Supporting Role in Crazy Heart.

Most recently, Jake was spotted with G4’s Olivia Munn at the Weinstein party held in Los Angeles.

Matt Damon and his wife, Luciana, keep close as they walk the red carpet at the 2010 Oscars held at the Kodak Theatre on Sunday (March 7) in Hollywood.

The 39-year-old actor is up for the award for Best Supporting Actor for his work in Invictus!

Matt is up against Woody Harrelson, Christopher Plummer, Stanley Tucci and Christoph Waltz.

FYI: Matt is in head-to-toe Ferragamo and sported Art Deco diamond and black enamel cufflinks by Fred Leighton! Lucy is wearing rose-cut diamond fan pendant earrings, silver on gold by Fred Leighton.

Taylor Lautner shows off his Dolce & Gabbana suit at the 2010 Oscars held at the Kodak Theater in Los Angeles on Sunday night (March 7).

The 18-year-old actor was decked out in all Dolce & Gabbana — white tuxedo
shirt, black cummerbund and black bow tie.

Taylor will be presenting a package of the year’s horror films with costar pal Kristen Stewart.

Check out more pix below!