Dakota Fanning in Miu Miu | Cosmopolitan Fun Fearless Men And Women Of 2012 Awards

Dakota Fanning is growing up right before our very eyes, and last night she took a bit of a risk as she bared a bit of belly when she attended the Cosmopolitan Fun Fearless Men And Women Of 2012 Awards.

The 18-year-old “Now Is Good” actress arrived at the Mandarian Oriental Ballroom in NYC wearing a lago-blue cotone double high waist skirt with a cropped v-neck top from the Spring 2012 collection by Miu Miu. This was the perfect little dress on her, and it was an even better fit on Dakota’s frame than on the catwalk model! She ran the risk of the light color washing out her fair complexion, and if this dress was one shade lighter, that’s exactly what would have happened.

While she showed off her bare shoulders during the carpet photos, Dakota had actually just removed a bright red cotone double velvet ribbon-tied capelet from the collection that was giving me Little Red Riding Hood vibes.

You know, minus the hood.

I actually love the cape on Dakota — which is surprising considering I wasn’t the biggest fan of this detail on the runway. I think the look would have translated better with the cape if she had one other red complimenting detail — such as a minaudière. Dakota carried a silver paillette clutch.

She completed her look by adding a Fred Leighton appliqué headband to her straight blonde tresses and wore nude pointed toe Mary-Jane pumps from Prada‘s Spring 2012 collection.

FYI – Dakota’s rings are also Fred Leighton.