Angelina Jolie stepped on stage at LA's Hollywood and Highland Center during the Oscars this evening. She presented two awards. First was the best adapted screenplay honor, which went to The Descendants' Alexander Payne, Nat Faxon, and Jim Rash. Angelina next announced Woody Allen's best original screenplay win, though he was not at the show. Angelina hit the red carpet in a sexy black velvet Atelier Versace gown on the arm of a Tom Ford-wearing Brad Pitt. She was just one of the gorgeous ladies on the red carpet at the Oscars including Penelope Cruz, Cameron Diaz, and Gwyneth Paltrow. Brad and Angelina shared the evening with Brad's parents, Bill and Jane.