Mila Kunis wasn't nominated for an Oscar, but she'll be sure to make the best dressed lists thanks to a stunning lavender Elie Saab dress.

All eyes were on Kunis and her daring decolletage as she strutted her stuff on the red carpet. The 27-year-old actress, who is slated to present at tonight's award show, recently split from her boyfriend of eight years, Macaulay Culkin.

Kunis' 'Black Swan' co-star, Natalie Portman, is a favorite for the Best Actress Oscar.

See Mila Kunis' jaw-dropping Oscar ensemble after the jump!