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Update #1) Rachel McAdams was spotted on the red carpet. She was briefly shown on E!‘s Live Coverage.

Update #2) First photos of Rachel McAdams on the red carpet are posted. She looks absolutely gorgeous at her first Academy Awards!

Update #3) Red carpet shots of Rachel just shown on E!

Update #4) Rachel was shown briefly on the red carpet, during a Quentin Tarantino interview.

Update #5) McAdams is an absolute vision of spring in her pastel-patterned Elie Saab Haute couture gown and lilac Ferragamo clutch.

Update #6) The first pix of Rachel are being added to the gallery as we speak, keep checking back for lots more!

Update #7) Rachel McAdams and Jake Gyllenhaal presented Best Adapted Screenplay moments ago. Geoffrey Fletcher for Precious: Based on the Novel ‘Push’ by Sapphire was the winner.