Dakota Fanning: AFI Awards with Julia Roberts!

Dakota Fanning is cool in coral on the red carpet at the 2012 AFI Life Achievement Award ceremony honoring Shirley MacLaine held at Sony Pictures Studios on Thursday (June 7) in Culver City, Calif.

The 18-year-old actress paired her Gucci dress, belt, shoes, and bag with Cartier bracelets and Neil Lane rings.

PHOTOS: Check out the latest pics of Dakota Fanning

Also in attendance at the celebration: Julia Roberts, who starred alongside Shirley in the 2010 romantic comedy Valentine’s Day.

The AFI Life Achievement Award tribute to Shirley MacLaine will premiere on TV Land on Saturday, June 24 at 9/8c.

20+ pictures inside of Dakota Fanning and Julia Roberts at the AFI Award Ceremony…