Elle Fanning & Hailee Steinfeld - Young Hollywood Awards 2011

Elle Fanning and Hailee Steinfeld attend the 2011 Young Hollywood Awards presented by Bing on Friday (May 20) at Club Nokia in Los Angeles.

Elle, 13, was honored as the Film Actress of the Year, while Jeff Bridges presented his True Grit co-star, Hailee Steinfeld, 14, with the Breakthrough of the Year Award.

“There are so many great young actresses out there, and I’m just so happy that you guys gave this to me tonight and chose me, that was really nice!” an emotional Elle (in Marc by Marc Jacobs) said while accepting her award.

FYI: Hailee is wearing head to toe Miu Miu. She was was recently named the new face of the fashion house!

20+ pictures inside of Elle Fanning and Hailee Steinfeld at the Young Hollywood Awards…