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Despite being the hottest ever favourite to win at tonight's Oscars, Lord of the Rings director Peter Jackson hasn't been counting his chickens.
"I don't know if we'll win, there are always surprises and upsets," he told reporters after he arrived on the red carpet. "Being the favourite just sets you up for one of those upsets."
Actress Liv Tyler, who played Arwen in the trilogy, said: "It's been a really amazing thing to be a part of. None of us ever imagined when we signed up how big it would be."
