Photos! AFI Awards Red Carpet

The stars were out this afternoon as the American Film Institute held its annual awards ceremony at the posh Four Seasons Hotel in Beverly Hills.

Mommy-to-be Natalie Portman wore a short Michael Kors royal blue dress and her "Black Swan" co-star Mila Kunis dazzled in a white, knee-length cocktail dress.

AFI Movies of the Year nominees include "Black Swan," "The Fighter," "Inception," "The Kids Are All Right," "127 Hours," "The Social Network," "The Town," "Toy Story 3," "True Grit," and "Winter's Bone."

Check out all the stars at this year's AFI Awards!

AFI 2011 red carpet arrivals