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Title "'Oscars' - Academy Awards announced in Hollywood" superimposed over Oscar statuette / night shot EXT RKO Pantages Theatre in Hollywood, words on lighted marquee "25th Annual Academy Awards presentation," crowd on sidewalk in front / searchlight shines / WS stage inside with Oscars on it / actress Lana Turner and actor Lex Barker on stage, Turner announcing Loyal Griggs as winner of award for color photography in movie "Shane" / Turner shaking Griggs' hand and Barker handing him award, all three walk off stage / WS stage / producer-director Cecil B DeMille walking up to lectern / SOT DeMille announces winner of award for best picture of year as "From Here to Eternity" / audience applauding / DeMille handing award to producer Buddy Adler / actress Shirley Booth on large TV screen above stage, actor-dancer Donald O'Connor on stage below / Booth announces William Holden as winner of award for best actor for his performance in "Stalag 17" / Holden coming down aisle to accept award, audience applauding / shot of Holden on TV screen stepping onto stage / O'Connor shakes Holden's hand, walks across stage with him and hands him award / actor Gary Cooper on TV screen above stage, O'Connor on stage below / O'Connor announces winner of best actress award as Audrey Hepburn for her performance in "Roman Holiday," tilt up to Hepburn on TV screen walking down aisle of NBC International Theatre in New York City / shot of Hepburn on TV screen walking across stage / audience in Hollywood applauding / two shots on TV screen of actor Jean Hersholt handing award to Hepburn / SOT Hepburn in NY City giving acceptance speech / audience in Hollywood applauding / Hepburn and Hersholt in NY City walking off stage