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Oscars hype builds as stars step out for pre-party fun

Hollywood is in full-on Oscar mode.

The red carpet has been laid out in front of the Kodak Theatre, topped with a plastic sheet in case of rain.

Traffic is snarled. Tourists are flocking to Hollywood to see a bit of the Academy Awards preparations and snap photos of themselves with giant Oscar statues.

The theatre itself buzzes with activity, as rehearsals continue from morning until night, with the occasional celebrity quietly stepping in to practise presenting the coveted golden guy.

It is Oscar week, and Tinseltown is all aflutter.

Ahead of Sunday's big night, the pre-oscar parties are in full swing.

Among those stepping out last night were Ashton Kutcher and Demi Moore, at the Artists for Peace and Justice ball at bar210 at the Beverly Hilton Hotel in LA.