The Oscars: Night of the clutches

While Million Dollar Baby won Best Picture tonight at the 77th Annual Academy Awards, most of Hollywood's hottest actresses looked like a million bucks thanks to their fancy-schmancy clutches. Check out a nice photo gallery of red carpet arrivals at the Oscars here. You can see beautiful designer clutches held by Charlize Theron (pictured at right), Natalie Portman, Beyonce, Penelope Cruz, Kate Winslet, and many others.