Penelope Cruz -- 2010 Oscars Red Carpet

Penelope Cruz hits the red carpet in Donna Karan Couture at the 2010 Oscars, held at the Kodak Theatre on Sunday (March 7) in Hollywood.

The 35-year-old actress is nominated this year for Best Supporting Actress in the film Nine.

“The truth is that just like I didn’t expect the nomination last year, this year (I expected it) even less,” Penelope said at a press conference on Saturday. “It caught me napping and I didn’t expect it at all. I’m very convinced that I’m not going to win and I’m coming (here) with the hope of having the experience once again and enjoying everything I could not (enjoy) last year because I was so nervous.”

FYI: Penelope is carrying an Haute Couture Folies Clutch with a black strass Swarovski buckle and black stripped ostrich feather work by Roger Vivier.