MILEY CYRUS walked the red carpet at the 2011 American Giving Awards in a flowing Jenny Packham gown. And, as always, she shows off some serious cleavage!

Yay or nay?

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Despite her recent “I’m a stoner” scandal, Miley stepped out and strutted her stuff on the red carpet at the American Giving Awards with a big smile on her face.

She wore a nude halter gown by designer Jenny Packham, which she paired with matching Alaia strappy sandals. Miley also accessorized the outfit with shoulder-grazing chandelier earrings, silver bracelets, and an assortment of rings.

The former “Hannah Montana” star completed the look with a slick ponytail, pink lips, and lush lashes.

Miley looked great in the dress, and her makeup was flawless. But we do have one thing to complain about—she totally over-accessorized! That’s just way too much bling, and none of them—except the earrings—go well with the dress.

What about you? What do you think of Miley’s red carpet look?

Photos By PR Photos

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