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And the Oscar Award Nominees are Out!

Among the stars nominated are Julia Roberts, Amy Adams, and Michael Fassbender.

The Oscar Awards are just two months away!

Actress Julia Roberts,who took home the Best Actress trophy in 2001 for her role in Erin Brockovich, is overjoyed at receiving a Best Supporting Actress nod for her portrayal of a strong-willed woman who goes back to her childhood home and her dysfunctional mother when a crisis brings her family back together in August: Osage County.

The brunette beauty told People.com: "This was certainly a once-in-a-lifetime experience. And the recognition from it is an absolutely thrilling bonus. I simply could not be more excited right now."

American Hustle star Amy Adams, who is nominated for Best Actress, echoed Julia's sentiment.

She said: "I'm very honored to be nominated alongside such inspiring actresses. Congratulations to the cast and crew of American Hustle and Her, two films that I'm incredibly proud to be a part of."

The 39-year-old star faces stiff competition from three-time Oscar winner and Julia's co-star Meryl Streep, Cate Blanchett for Blue Jasmine, Sandra Bullock for Gravity and Dame Judi Dench for Philomena.

The British star, 79, said: "This is just the loveliest news. I'm so happy for everybody involved, and so proud to have been part of the wonderful experience that Philomena has been."

Elsewhere, Irish star Michael Fassbender, 36, is thrilled to have been recognized for his work in 12 Years a Slave.

He said: "I'm really chuffed with the Oscar nomination especially being recognized alongside such great actors. It's a real honour."

Director Alfonso Cuaron, whose movie Gravity racked up 10 nominations, admitted he is especially happy for Sandra.

The Mexican movie-maker said: "These nominations are not just about single achievements, but rather the collective effort of hundreds of dedicated artists who made this dream a reality... I am particularly moved by Sandy's nomination. She is the heartbeat of our film. She immersed herself in the part. And I thank her for her grace, her trust and her dedication to finding the truth of this character."

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The nominations were announced in Los Angeles by Thor: The Dark World actor Chris Hemsworth and Academy of Motion Picture Arts and Sciences president Cheryl Boone Isaacs.

The 86th annual Academy Awards take place on March 2.

2014 Academy Awards – selected nominations:

Best Picture
American Hustle
Captain Phillips
Dallas Buyers Club
Her
Nebraska
Philomena
12 Years a Slave
The Wolf of Wall Street

Best Animated Feature
The Croods
Despicable Me 2
Ernest & Celestine
Frozen
The Wind Rises

Best Actor
Christian Bale, American Hustle
Bruce Dern, Nebraska
Leonardo DiCaprio, The Wolf of Wall Street
Chiwetel Ejiofor, 12 Years a Slave
Matthew McConaughey, Dallas Buyers Club

Best Actress
Amy Adams, American Hustle
Cate Blanchett, Blue Jasmine
Sandra Bullock, Gravity
Judi Dench, Philomena
Meryl Streep, August: Osage County

Best Supporting Actor
Barkhad Abdi, Captain Phillips
Bradley Cooper, American Hustle
Michael Fassbender, 12 Years a Slave
Jonah Hill, The Wolf of Wall Street
Jared Leto, Dallas Buyers Club

Best Supporting Actress
Sally Hawkins, Blue Jasmine
Jennifer Lawrence, American Hustle
Lupita Nyong'o, 12 Years a Slave
Julia Roberts, August: Osage County
June Squibb, Nebraska

Best Adapted Screenplay
Before Midnight
Captain Phillips
Philomena
12 Years a Slave
The Wolf of Wall Street

Best Original Screenplay
American Hustle
Blue Jasmine
Dallas Buyers Club
Her
Nebraska

Best Original Song
"Alone Not Yet Alone" from Alone Not Yet Alone
"Happy" from Despicable Me 2
"Let It Go" from Frozen
"The Moon Song" from Her
"Ordinary Love" from Mandela: Long Walk to Freedom