Held at the Kodak Theatre at Hollywood & Highland Center, the expecting actress was the center of attention as she perused along the red carpet ahead of the festive ceremony.
Miss Portman is planning on having a big night - as she's the odds on favorite to take home Best Actress honors for her work in "Black Swan".
Making for quite the star-studded affair, celebrity presenters hitting the stage include Scarlett Johansson, Halle Berry, Jude Law and Matthew McConaughey.
The Oscar Awards are hosted by Anne Hathaway and James Franco while airing live on ABC at 8PM ET.
