The CFDA Awards: Stars, Gowns & More!

See the fashionistas (Posh! Ashley!) who turned out to help celebrate fashion's biggest night. By Melissa Liebling-Goldberg

  • ASHLEY OLSEN  photo | Ashley Olsen

Credit: Bill Davila/Startraks

Updated: Tuesday Jun 03, 2008 | 11:00 AM EDT

ASHLEY OLSEN

The designer of two lines – the Row and Elizabeth & James – sports womenswear designer of the year winner Francisco Costa's tuxedo instead. "It's a little bolero jacket," Costa tells PEOPLE of the petite star's outfit. "It fits her perfectly."