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The annual Met Costume Institute Gala is considered by many to be the biggest night in the fashion calendar. And this year’s looks set to be no exception.

Carey Mulligan, Anna Wintour, and Miuccia Prada will co-host the 2012 event, which will take place on May 7.

The committee will be rounded out by Great Gatsby director Baz Luhrmann as Exhibition Creative Consultant, and Nathan Crowley as Production Designer.