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Los Angeles: title card: "Film Industry Awards Its Oscars" superimposed over WS stage with oversized Oscar statues at Pantages Theater in Hollywood / WS Pantages Theater marquee touts ceremony as cars pause for arrivals nearby / LS night: marquee, spectators, and theater entrance with cars stopped in street in front and neon sign for Equitable Bldg in background / floodlights turn and shine / New York City: WS night shot of EXT NBC-TV Century Theatre and marquee with traffic passing in foreground / wormseye group of Academy Award statuettes stand on table and reflect light / tiltdown shot Elia Kazan accepts best director award for "On the Waterfront" as presenter Thelma Ritter looks on / MS models of Oscar statues / WS birdseye shot producer Robert Youngson approaches the stage to accept award for best short subject for "This Mechanical Age" / MS Youngson and Ritter embrace and both depart podium / side view of model Oscar on stage / LA: Bette Davis wears a sequined "space helmet" hat as she speaks into a microphone at the podium onstage at the Pantages / tracking shot a smiling Marlon Brando trots toward the stage to accept the award for best actor for "On the Waterfront" / WS side view Pantages audience / birdseye shot Davis hands Brando his Oscar and embraces him / birdseye rear view shot audience applauds / tracking shot Grace Kelly walks onstage and accepts award for best actress for "The Country Girl" from William Holden, and he kisses her cheek / WS side shot audience / WS Bob Hope takes Kelly's hand and they speak briefly before Kelly walks offstage