Natalie Portman

Jason Merritt/Getty Images

It's arguably the best red-carpet-watching oppprtunity of the year and there's plenty to get excited about at this year's Academy Awards.

Natalie Portman, who looked adorable and, let's be honest, barely pregnant at the Globes, will be in full-blown mama-to-be mode in February. Will the Black Swan star be up to the fashion challenge of dressing a larger belly?

And then there's glamour gal and Best Actress nominee Nicole Kidman—we're as excited to see what she wears as to hear about her new baby. Supporting Actress contender Helena Bonham Carter's sure to bring the weird factor. And newbie Hailee Steinfeld's got everyone guessing about her wardrobe since the True Grit star's stunning Globes outing in a spot-on Marchesa gown.

See all the Best Actress and Supporting Actress nominees in our Fashion Spotlight gallery!

PHOTOS: Fashion Spotlight: 2011 Academy Awards Nominees

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