The Fellowship of the Ring has scooped a massive 13 Oscar nominations, more than any other film this year.
The magical tale of good and evil from the Lord of the Rings trilogy has already won a major award from the American Film Institute.
And it's up for 12 British Bafta awards.
As well as Best Picture, Rings is up for Best Director, Best Supporting Actor and Best Adapted Screenplay.
Monsters, Inc.