Dan MacMedan/WireImage, Imaxtree
NOMINATION Best Actress in a Motion Picture, Julie & Julia
RED-CARPET STYLE Streep played it safe at the Oscars last year in a neutral Alberta Ferreti gown with a simple train.
OUR PICK As the reigning queen of the red carpet, Streep's gown should match her crown! This royal red number by Elie Saab combines an eye-catching color with a sexy (but age-appropriate) sweetheart neckline and nipped waist.