Blake Lively's Pastel Gown and Sandals at 'The Adam Project

When rumors first surfaced about a month ago that Blake Lively would be the new face of Chanel handbags, we were practically giddy. Now that it has been deemed official fact by Karl Lagerfeld himself, we can't wait to see what fabulous Chanel frocks the starlet will hit the red carpet wearing in 2011

Blake Lively Is Officially The New Face Of Chanel's Mademoiselle

Blake Lively for Chanel Mademoiselle by Karl Lagerfeld

Blake Lively - The Face of Chanel Handbags

Chanel “Mademoiselle” Campaign

Blake Lively new face of Chanel

Blake Lively Named Face of New Chanel Handbag Line - TV Guide

Check out Blake's ads for Chanel Mademoiselle

First look at Blake Lively's ads for Chanel Mademoiselle

Blake Lively is the new face of Gucci perfume - Daily Celebrity

Blake Lively announced as new face of Chanel's Mademoiselle

Blake Lively's New Haute Title: Chanel Ambassador – StyleCaster

The actor is the queen of high-low fashion.

Blake Lively Can/t Stop Wearing This Rare Blue Denim Chanel Bag

Blake Lively's Haute New Hoof—The Christian Louboutin 'Blake

Speaking about her appointment, Blake Lively gushed: ‘A dream come true is an understatement. I can say that I feel like the happiest, luckiest girl around’.

Gossip Girl's Blake Lively named as new face of Chanel's

Remember when we spotted Blake Lively and Karl Lagerfeld together in Paris over the summer, and guessed (nay, prayed!) that he might be filming a cameo on Gossip Girl? That little wish sadly never came true, but there may be an even better one being fulfilled in its place!

Sources Say Blake Lively Is The New Face Of Chanel Handbags