Rachel Weisz named best supporting actress
Other nominees were Walk The Line, Cinderella Man, Charlie and the Chocolate Factory. Mrs Henderson Presents and Pride and Prejudice.
Out comes Russell Crowe introducing a montage of biopics, including last year's award-winning Ray and The Aviator.
Next up is the award for achievement in make-up, presented by a blemished Will Ferrell and Steve Carell.
And the Oscar goes to...Howard Berger and Tami Lane for C.S. Lewis adaptation The Lion, The Witch and The Wardrobe: The Chronicles of Narnia.
Beating Star Wars Episode III: Revenge of the Sith, the film took the award despite the myriad of weird and wonderful creatures that George Lucas' offering had to offer.
Presenting the award for the best supporting actress is Oscar favourite Morgan Freeman, who will be dishing it out to Amy Adams (Junebug), Catherine Keener (Capote), previous winner Fargo's Frances McDormand (North Country), Rachel Weisz (The Constant Gardener), Michelle Williams (Brokeback Mountain).
"And the Oscar goes to...Rachel Weisz," Freeman announces with a chuckle. The British actress stole the show in the film adaptation of John Le Carre's The Constant Gardener, perfectly complementing Ralph Fiennes and giving the film a real heart.