Penelope Cruz cradled her newly won Oscar


At Vanity Fair's fete, Penelope Cruz cradled her newly won Oscar -- best supporting actress for her fiery turn in "Vicky Cristina Barcelona."

Vanity Fair's Oscar Party - Kate Winslet, Meryl Streep


Oscar's best and brightest caroused at Vanity Fair's after-party following the 81st annual Academy Awards Sunday. Best actress winner Kate Winslet embraced fellow nominee and screen legend Meryl Streep