The Kodak Theatre is the place to be, as Oscar night is well underway – drawing Hollywood’s elite to the red carpet in their stretch limousines and finest garb. And Tiseltown’s finest were looking ready for their big night, with stars like Johnny Depp and Katherine Heigl gracing the red carpet. Also spotted posing for photographers in between chats with A-List pals were Colin Farrell, Diddy, Daniel Day Lewis, Cate Blanchett, Helen Mirren and Hilary Swank, to name a few. Stay tuned to Gossip Girls for continuing Oscar coverage and all of the best photos!

Academy Awards

To see the entire gallery from the 2008 Academy Awards (February 24) - Click Here!