Penelope Cruz Laughs Off Oscar Tip  1/14/07

Spanish beauty Penelope Cruz has laughed off rumors of an Oscar win for her Volver performance.

Cruz's Academy Award chances were given another boost last week (04JAN07) when she was short listed in the Screen Actor's Guild Awards for Outstanding Performance by a Female Actor in a Leading Role. 

She will compete against Helen Mirren for The Queen, Meryl Streep for The Devil Wears Prada, Kate Winslet for Little Children, and Judi Dench for Notes on a Scandal.

At the mention of taking home an Oscar, she cries, "Oh, don't even mention that!"

The ceremony will be held next month (25FEB07).