Feb. 24, 2008 | 09:45 PM EST
"He's asleep believe it or not," the pregnant star says during the pre-show
Cate Blanchett, in flowing Dries Van Noten, was feeling "pregnant" Sunday on the Oscar red carpet, but says her baby wasn't feeling a thing.
Presenter and nominee for Best Actress, the expectant mom seemed to reveal her unborn baby's gender when she told PEOPLE, "He's actually asleep – believe it or not, which bodes well."
She took home a Film Independent's Spirit Awards Saturday, which she dedicated to her I'm Not There costar Heath Ledger.
