The official nominees for this year's Oscar ceremony were announced yesterday and everyone is anxiously awaiting the big event. Set for February 25th 2007, the Annual Academy Awards (also known as the Oscars) is the single most popular awards show of the year, honoring the best actors, actresses and directors in film. The nominations are in and I make my predictions as to who will take home an award - and which stars will shine on the red carpet.

Below you will find a list of some of this years Oscar nominees and our choice for who will win - and who will turn up best dressed on the red carpet. For a complete list check out the 2007 officially nominee list.  

Blue = who I think will win the award

Pink = who I think will be the best dressed of the category

"2007 Academy Award Nominees" Best Director

Clint Eastwood, "Letters From Iwo Jima"
Paul Greengrass, "United 93"
Alejandro González Iñárritu, "Babel"
Stephen Frears, "The Queen"
Martin Scorcese, "The Departed"

"2007 Academy Award Nominees" Best Actor

Leonardo DiCaprio, "Blood Diamond"
Ryan Gosling, "Half Nelson"
Peter O'Toole, "Venus"
Will Smith, "The Pursuit of Happyness"
Forest Whitaker, "The Last King of Scotland"

"2007 Academy Award Nominees" Best Actress

Penelope Cruz, "Volver"
Judi Dench, "Notes On A Scandal"
Helen Mirren, "The Queen"
Meryl Streep, "The Devil Wears Prada"
Kate Winslet, "Little Children"

"2007 Academy Award Nominees" Best Supporting Actor

Alan Arkin, "Little Miss Sunshine"
Jackie Earle Haley, "Little Children"
Dijmon Hinsou, "Blood Diamond"
Eddie Murphy, "Dreamgirls"
Mark Wahlberg, "The Departed"

"2007 Academy Award Nominees" Best Supporting Actress

Cate Blanchett, "Notes On A Scandal"
Abigail Breslin, "Little Miss Sunshine"
Jennifer Hudson, "Dreamgirls"
Rinko Kikuchi "Babel"

Check back on February 26th to see how many I got right. And don't forget to check us out for all of the best dressed stars on the red carpet - and the worst ones too.