Penelope Cruz became the first Spanish actress to win an Academy Award when she was handed a best supporting Oscar for her role in the Woody Allen comedy “Vicky Cristina Barcelona”.

After the ceremony – where she wore a very bridal vintage Balmain gown – she changed into a white asymmetrical Atelier Versace gown for the Vanity Fair Oscar Party in LA.

Still clutching her Oscar she looked stunning, as she kept her look very simple by adding diamond earrings.

Cheryl Cole wore the same white gown on the X Factor on Saturday night.

I wanted to love Cheryl’s look, but I was very put off by her hairstyle so Penelope wins this one for me.

Credit: Style.com & Wireimage