Charlize Theron announcing the winners was looking smashing in the black strapless Christian Dior apparel.

And this is 2008 CFDA/Vogue Fashion Fund winner Alexander Wang with Alice Dellal. The see through dress with the black front chopped boots looked killing on Alice.

And here are the 2008 CFDA/Vogue Fashion Fund runners-up Lisa Mayock and Sophie Buhai of Vena Cava.

This is again Charlize Theron with the glittery John Galliano.

Here’s Agyness Deyn in black and red with the finalist Alejandro Ingelmo.

She’s the 2008 CFDA/Vogue Fashion Fund finalist Irene Neuwirth in a long poster red halterneck dress.

And she is the lady in white, the finalist Juan Carlos Obando standing besides Eugenia Gonzalez.

The 2008 CFDA/Vogue Fashion Fund finalists Swaim with Christina Hutson letting the photographers click their smiling pic.

And she is Bee Shaffer in Thakoon off-white with black zig-zag straps.