Will Smith holds on to Aussie number one

Will Smith's I Am Legend has remained at the top spot in the Australian box office chart for the second consecutive week.

The sci-fi adventure held off competition from new entries 27 Dresses and American Gangster, which debuted in second and third respectively.

Family fantasy The Water Horse: Legend of the Deep was another new entry at number five, while Alvin And The Chipmunks fell from second to fourth.

The top ten films in full:

1. (1) I Am Legend - $3,185,609
2. (-) 27 Dresses - $3,148,003
3. (-) American Gangster - $2,954,508
4. (2) Alvin And The Chipmunks - $2,372,977
5. (-) The Water Horse: Legend of the Deep - $1,032,755
6. (3) The Golden Compass - $976,581
7. (4) Enchanted - $851,741
8. (5) Atonement - $723,890
9. (6) National Treasure: Book of Secrets - $601,514
10. (7) P.S. I Love You - $450,786