Some of Hollywood’s best dresses fashionistas stepped out on Tuesday night (October 19) for the 2010 CFDA Vogue Fashion Fund Finalists Celebration at Chateau Marmont in Los Angeles.

Headed by none other than Rose McGowan and Nicole Richie, the style savvy stars were on hand to celebrate the 10 finalists for the seventh-annual CFDA/Vogue Fashion Fund initiative, which provides financial support and business mentorship for emerging designers.

The winner(s) will be announced in New York City on November 15 at a gala dinner underwritten by eBay.

Says Vogue Editor in Chief Anna Wintour: “Fashion is probably the only industry in the world where its fledgling talents are expected to be as creatively adept at running a business as they are at design. Many, clearly, are not, and it’s through the support of the Fund that these promising designers will be able to build a future for themselves — and for American fashion.”

Other celebrities in attendance included the likes of Mena Suvari, Molly Sims, Eva Mendes and stylist to the stars Rachel Zoe.

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