Feb. 25, 2011 at 6:54 PM ET
James Franco isn't just hosting the Oscars, he's hosting what is becoming the most exclusive party of the week.
After the show Sunday, and after the Governor's Ball and the Vanity Fair party, a select few will be invited to Supper Club Los Angeles. Guests aren't expected to begin arriving until about 4 a.m., according to one person involved with the top-secret plans. "Expect military-grade security," said the planner. The source also said that the cuisine will be geared toward breakfast -- fitting, as guests are expected to be there still when the sun comes up.
The rival party at that hour: Madonna and Demi Moore's annual Oscar party at the home of music mogul Guy Oseary.