James Franco & Natalie Portman Cover EW

The Oscar Race Is On!!

Both James Franco and Natalie Portman are considered to be early favorites at 2011's Oscars, co-host James Franco for 127 Hours as Best Actor In A Leading Role and in the Best Actress In A Leading Role category Black Swan's Natalie Portman, who recently announced she is both engaged to and expecting a baby with her Black Swan choreographer/boyfriend Benjamin Millepied.