As she appeared at the glitzy venue, the younger sister of twins Mary-Kate and Ashley Olsen, embodied 1920s fashion wearing a black, sequin dress from the luxurious French brand.

The top portion of the dress contained halter-styled straps along with a slightly plunging neckline for a sultry flare.

Dazzling: Elizabeth Olsen, 34, dazzled wearing a figure-hugging, sparkling Givenchy gown as she stepped onto the red carpet at the 95th Academy Awards in Hollywood on Sunday

Classy: The WandaVision actress exuded class as she flaunted her stunning frame in the eye-catching, halter-styled dress which she showed off upon arriving at the Dolby Theater

Back to black: The elegant dress featured a scoop back

The bottom hem of the gown was comprised of a beaded, tasseled fringe that was partially concealed with a sheer, black fabric that fell down straight to pool around the actress.

The same beaded details were placed on the base of her neck, and bordered the upper sides of the beautiful dress.

Elizabeth slipped into a pair of open-toed, black Giuseppe Zanotti heels that were secured with thin straps around her ankles.

As she posed for a strew of photos on the red carpet, the beauty flashed a smile and gave a glimpse of the backless portion of the ensemble.

Her dark blonde locks were parted in the middle, and pulled back into a chic bun, revealing a pair of dangly, rhinestone Cartier earrings that coincided with the dazzling theme of her outfit.

The star opted to wear a glittering, oval-shaped ring on her right hand also from the lavish jewelry brand.

The actress’s makeup was classically done for the glamorous event, and comprised of simple layer of black mascara and a light touch of gold shadow to make her eyes pop.

A blush with a warmer tone was added to better accentuate her cheekbones, while a red matte tint was worn on her lips for a bold finishing touch.

Stylish flare: The top portion of the dress contained halter-styled straps along with a slightly plunging neckline for a sultry flare

Glittering: Her dark blonde locks were parted in the middle, and pulled back into a chic bun, revealing a pair of dangly, rhinestone Cartier earrings

Sequin details: The bottom hem of the gown was comprised of a beaded, tasseled fringe that was partially concealed with a sheer, black fabric that fell down straight to pool around the actress

Elizabeth recently made an appearance at the South by Southwest Film Festival (SXSW) in Austin earlier on Saturday to attend the screening of her latest project titled, Love & Death.

The seven-episode crime drama is set to premiere on HBO Max next month on April 27, and follows the premise of, ‘Two churchgoing couples enjoy small town family life in Texas – until somebody picks up an axe,’ according to an IMDB synopsis.

Olsen, who portrays the leading role of Candy in the series which is set in 1980s, opened up being drawn to the character and gave a shout out to the creator of the show, David E. Kelly.

‘I fell in love with the way David wrote the first few episodes,’ she stated, reported Variety.

The Doctor Strange In The Multiverse Of Madness star added that, ‘[Candy] was just so optimistic and resilient and hopeful and striving for more and had a deep hole in her life. She didn’t have any resources trying to fill it.’

‘So she’s doing the best she can with what she’s got and I just loved that about her,’ Elizabeth concluded.

Color scheme: Elizabeth slipped into a pair of open-toed, black Giuseppe Zanotti heels that were secured with thin straps around her ankles

Back on the screen: Elizabeth recently made an appearance at the South by Southwest Film Festival (SXSW) in Austin earlier on Saturday to attend the screening of her latest project titled, Love & Death

During the film festival, the actress also teased whether her Marvel character, known as the Scarlet Witch, would also be returning to the screen anytime soon.

When talking to Deadline, Elizabeth was asked if she would possibly make an appearance in the WandaVision spinoff called, Agatha: Coven Of Chaos.

Much to the delight of fans of the MCU character, the star answered with, ‘I think I’ll be back,’ but did not disclose any other details.

After her brief trip to Austin, the beauty made her way back to Hollywood just in time to present one of the various awards at the 2023 Oscars, which are hosted by Jimmy Kimmel for the third time.

Top Gun: Maverick has been nominated for six Oscars including Best Picture, in a sign that Hollywood is finally listening to audiences and honoring box office hits instead of arthouse favorites.

The movie starring Tom Cruise is nominated for Best Picture along with Elvis, Avatar: The Way of Water, All Quiet On The Western Front and The Fabelmans.

However, Everything Everywhere All At Once led the pack with the most nominations with 11 and The Banshees of Inisherin earned nine nominations. The two films swept the Golden Globes earlier this month.

Last year’s Oscar broadcast drew 16.6 million viewers, according to Nielsen, up from the record-low audience of 10.5 million for the pandemic-marred 2021 telecast.

Oscars 2023: Full list of 95th