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Heidi Klum, Amy Ryan

First things first on tonight's Oscar red carpet. Ryan Seacrest's tux looks horrible but at least the E! team is hitting a theme as Kimora Lee and
Giuliana Rancic appear to have hired the same stylist. I'll make my first observations quick since the fashion highs are tip-top and the lows are bad, as in ice-skating-costume-bad.

As of 7:15 EST in order of appearance: Heidi Klum is fantastic in red
John Galliano Haute Couture; Amy Ryan looks so, so chic—and minimal—in Calvin Klein, and
Amy Adams is very cool and sexy in Proenza Schouler.

As for the so very bad: Saoirse Ronan. My best friend wore the exact
same dress to her eigth-grade piano recital. More to come...

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Amy Adams, Saoirse Ronan

Photos: Heidi Klum and Amy Ryan Lester Cohen/WireImage.com, Amy Adams and Saoirse Ronan Steve Granitz/WireImage.com