Martin Scorsese's Hugo and black-and-white film The Artist lead the race with 11 and 10 nominations apiece, while George Clooney, Gary Oldman, Brad Pitt, Meryl Streep and Rooney Mara all figure in the acting categories.
The Artist, French director Michel Hazanavicius's ode to silent cinema, is being tipped to take home the big awards on the night having already scooped three Golden Globes and seven BAFTAs.
> Oscars 2012: Academy Awards nominations - in full
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View Digital Spy's picture gallery of the major Oscar nominees below: