Rachel McAdams: 'Sleeping Beauty' Premiere at Cannes!

Rachel McAdams hits the red carpet with beau Michael Sheen at the 2011 Cannes Film Festival premiere of Sleeping Beauty, held at the Palais des Festivals on Thursday (May 12) in Cannes, France.

The 32-year-old Canadian actress wore a gorgeous red gown as she premiered her latest movie, Midnight in Paris, earlier in the week! Rachel and Michael both star in the new film, directed by Woody Allen.

FYI: Rachel is wearing a Monique Lhuillier toffee sequin embroidered corset and toffee high waisted raw silk trousers and Amrapali diamond bracelets. She finished off her look with a Ferragamo clutch.

10+ pictures inside of Rachel McAdams and Michael Sheen at the premiere of Sleeping Beauty…