>> Before the winner is announced Nov. 17, a CFDA/Vogue Fashion Fund nomination will get you a piece of the twenty-page spread with Caroline Trentini in the November 2008 issue of Vogue, plus an invite to last night's celebratory cocktail party, hosted by Anna Wintour, of course.

But it's not all fun and games — the party doubled as part of the judgment process.  Each of the ten nominees were assigned a different species of butterfly, a L'Oreal eye-color palette, and an evocative word as inspiration for the custom creation they made for their assigned dates — sounds a little Project Runway, no?  Or maybe that's where Project Runway got the idea . . .

Alexander Wang brought Zoe Kravitz in a "barely-there dress," the Vena Cava girls dressed Raquel Zimmermann in a gown, Jason Wu paired Leighton Meester with a ladylike frock, Richard Chai was on a double date with Coco Rocha and Jamie Johnson, Swaim and Christina Hutson created an Obedient Daughters look for Chiara Clemente, and Alejandro Ingelmo put Lake Bell in some serious gladiators.

The designers presented their dates and creations to the judges, and then enjoyed the party.  Alejandro Ingelmo was even caught taking down Coco Rocha's number . . .
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>> The CFDA/Vogue Fashion Fund has determined its ten finalists for 2008. 

Last year's winner, Rogan Gregory, was announced in November and received a monetary award of $200,000, with two runners-up reiving $50,000 each.  For the past couple of years, the nominees have worked with Gap as part of a limited Gap Design Edition collaboration to gain more exposure, and many have also gone on to work with Target in limited-edition runs. 

This year's nominees are:

Richard Chai

Jason Wu

Alexander Wang

Irene Neuwirth

Albertus Q. Swanepoel of Albertus Quartus

Alejandro Ingelmo

Juan Carlos Obando

Swaim and Christina Hutson of Obedient Sons & Daughters

John Patrick of Organic

Sophie Mayock and Lisa Buhai of Vena Cava
*image: source