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Final preps under way for Academy Awards

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It's show time for crews outside Hollywood's Dolby Theater.

They're preparing for this year's Academy Awards, and Katherine Hee from Naples, Florida says she's been waiting to catch a glimpse her entire life.

Los Angeles Times writer Glenn Whip has covered the Oscars for 25 years and says Argo is this year's movie to beat.

Daniel Day Lewis, the star of Lincoln, remains a favorite for best actor.

But 9 year old Quvenzhané Wallis and 85 year old Emmanuelle Riva have already made history. Riva, who turns 86 on Oscar day is the oldest best actress nominee, ever. Wallis is the youngest.

With this year's list of Oscar winners still under wraps, so are most of the decorations outside the Dolby Theater.

For now, the red carpet looks white here on Hollywood Boulevard, but all that protective wrapping comes off Oscar Sunday.

Katherine Hee says she has too many favorites to pick just one

Fans will get their chance when this year's hottest movie makers arrive for Hollywood's biggest show.

Something new to watch for this year, models carrying the Oscar statuettes onto the stage are out. Six aspiring filmmakers attending college are taking their place; ach of them winners in an Academy Awards contest.

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