What Should Natalie Portman, Anne Hathaway Wear To The Oscars?

Fashion experts weigh in on some of the trends they expect to see at this year's Academy Awards show, which takes place this Sunday.

For Hollywood stars attending the

href="http://www.mtv.com/movies/oscars/">Academy Awards, the days leading up to the big show this Sunday likely are filled with fittings, meetings with stylists and major decisions about what they will wear. With so many big names up for awards at this year's event, MTV News wanted to know what some of the Oscars fashion trends will be.

We caught up with fashion-industry maven and People's Revolution founder, Kelly Cutrone, and Faran Krentcil, digital director at Nylon magazine, and asked them to weigh in on what they believe will light up the red carpet at this year's ceremony. Krentcil predicts that the big trends will be color and American designers. Cutrone, who says that blue and lavender will be popular, also wants to see lots of American designers' creations on display.

Regarding first-time Oscar nominee Hailee Steinfeld, the ladies had a very specific idea of what the teen should wear to the show. "She's not a trend yet, but she will be," Krentcil admitted. "Her Golden Globe and SAG Awards looks were incredible, and the girl is only 14! She's one to watch on the fashion front, for sure. I wouldn't be surprised if by next year, she's got a high-fashion campaign like Miu Miu."

Cutrone noted that the "True Grit" star should go for "short, super fun and nothing overpowering. She should be the pixie and we don't need to bury her in too much dress." She added, "I think that Michelle Williams needs to step it up. She needs to dress it up. She needs to hit it. I think she needs to go from pixie to sexy," noting that Williams should pass the pixie throne to Steinfeld.

Faran joked about the Oscars' two young co-hosts, "Anne Hathaway will wear Valentino. James Franco will wear Anne Hathaway."

Meanwhile, Cutrone had more specific advice for the female emcee for the night. "I think she should wear an American designer. I think she should keep it really elegant and have an Audrey Hepburn moment — a great, very clean moment," she said. "[She should wear] red, white or black; really simple. She needs to look really pulled together. She really should step it up."

As for Best Actress Oscar nominee and mom-to-be, Natalie Portman, Cutrone thinks that her look will be the most talked about for years to come. "She will have one of the most memorable maternity outfits ever," she predicted. "It will live on like a Princess Grace of Monaco sort of image."

Will it be a regal evening for "The King's Speech"? Can "The Social Network" dial up Oscar gold? Don't miss MTV News' "2011 Oscars Live" at 6 p.m. Sunday, February 27, when we'll be chatting with your favorite Hollywood stars live from the red carpet on MTVNews.com, and stick with us all Oscar night for winners, interviews, photos and more!