Last night was the Oscars and my favorite part is always live on the red carpet before the show starts. I always like to see who's wearing what and vote for my favorites for the night. I've chosen the top five ladies who I thought looked fabulous. See if you agree with me after the jump.

  • Octavia Spencer

    I thought Octavia Spencer looked gorgeous last night. The dress fit her perfect and she looked very glamorous. She also won Best Supporting Actress for "The Help" so it was a great night for her.

    Michael Buckner, Getty Images
  • Michelle Williams

    This dress was another favorite of mine last night. Some say Michelle's dress was red, while Michelle wrote on Twitter that the dress was actually coral. Either way, she looked fantastic last night. She was there for her movie "My Week With Marilyn."

    Michael Buckner, Getty Images
  • Emma Stone

    Presenter Emma Stone looked amazing last night. I love the color of her dress. Some critics didn't like the bow at the top, but I thought it looked really good. The dress was very flattering and elegant.

    Michael Buckner, Getty Images
  • Gwyneth Paltrow

    I normally don't like white dresses, but I did like this dress Gwyneth Paltrow wore. She looked really elegant with this simple dress. She was a presenter last night.

    Alberto E. Rodriguez, Getty Images
  • Penelope Cruz

    I loved this color dress on Penelope Cruz. She always looks gorgeous no matter what, but she looked fantastic last night.

    Jason Merritt, Getty Images