Meryl Streep helped celebrate Shirley MacLaine at the 40th AFI Life Achievement Award held in her honour at Sony Pictures Studios in Culver City, California yesterday evening.

The actress wore a pretty Valentino Spring 2012 Couture ensemble.

An ivory sheer lace blouse was teamed with an ivory-and-pink floral maxi skirt accented with a bow at the waist.

This silhouette seems to be favoured by the actress as she wore similar looks during the awards season.

Credit: Style.com & Getty