OSCARS 2010: As the excitement of the ceremony wears off, it’s an annual tradition for the stars to attend the Vanity Fair Oscars Party following the Academy Awards. The stars ditched their red carpet gowns in favour of cocktail dresses as they arrived on the red carpet for the Oscars 2010 Vanity Fair Party. Katy Perry led the way in stunning red and gold tight-fitting strapless frock with fishtail hemline. She arrived with fiancé Russell Brand.

Cameron Diaz swapped her gorgeous awards ceremony dress for a one-shouldered gold sparkling party dress and towering heels. Bar Refaeli showed off her enviable figure in a strapless white sequined gown, while Jessica Simpson looked classic in her one-shouldered black number.

Kate Bosworth added a splash of colour to the red carpet in her coral organza gown with fold detailing, while Natalie Portman showed off her pins in a gun-metal strapless dress. Vanessa Hudgens looked flawless in her sparkling black Jenny Packham number, while Marisa Tomei opted for a sparkling blue frock with plunging neckline.