No Need to Wait — the Award-Winning Oscars Looks Start Tonight

Elle Fanning chose a sherbet-hued Spring '15 Valentino gown for the Women in Film Pre-Oscar Party.

Emily Ratajkowski wore a sheer lace Tom Ford minidress at the Women in Film Pre-Oscar Party.

Jennifer Hudson, who hosted the Women in Film Pre-Oscar Party, opted for a tailored black dress with a sexy slit.

Michelle Monaghan made a statement in a graphic print cocktail number at the Women in Film Pre-Oscar Party.

Lake Bell played up the mesh detail on her tank with her pointed-toe heels, completing her look with a hunter green skirt and neutral clutch for the Women in Film Pre-Oscar Party.

Jamie Chung went bohemian in a black tube top and loose-fitting high-waisted trousers. Her two-tone clutch complemented her chunky gold choker necklace.

Rosamund Pike looked feminine in a long floral gown that was embellished with ruffles at the Women in Film Pre-Oscar Party.

Kate Walsh pulled her hair back and let her two-piece crop top set take center stage. With its geometric stitching, sheer detail, and high-neck, it certainly deserved the spotlight.

Meryl Streep looked sharp in her effortless look that included a printed blouse, statement earrings, and a classic leather clutch at the Women in Film Pre-Oscar Party.

Jessica Lowndes bared her midriff in a neutral A-line look at the Vanity Fair and L'Oréal Paris Girl Rising Benefit.

Taryn Manning looked casual cool in an embellished miniskirt and moto jacket set at the Vanity Fair and L'Oréal Paris Girl Rising Benefit.

Freida Pinto rocked a feminine minidress, which got a sporty boost from a striped plunging neckline at the Vanity Fair and L'Oréal Paris Girl Rising Benefit.