Cate Blanchett doesn’t feel the Oscar is guaranteed.

THE pundits have practically handed her the Best Actress Oscar for her searing performance as a woman in the throes of a breakdown in Woody Allen’s Blue Jasmine, but Blanchett is playing it cautious.

“Oh no, I don’t think so,” Blanchett told The Star when asked if she thought it was a foregone conclusion.

She insisted it was a horse race and later told the media along the carpet that they were obsessed with the Oscar talk.

The Australian actress was in Santa Barbara, California in the United States to pick up the Outstanding Performer of the Year Award at the Santa Barbara International Film Festival for her role in the film.

Blanchett said it was intriguing to “calibrate” the layers of her character’s slow descent into an emotional breakdown, noting that she was “on a cocktail of drugs and alcohol, monumentally delusional and weaving a fabric of lies.”

It was a juicy role. As for working with the legendary Allen, Blanchett said: “It was great. He really stands back. He doesn’t talk much to the actors. He wants the interaction to come from them.”

As for what her three children will be doing when Oscar night rolls around on March 2, Blanchett smiled and said, “Hopefully, they’ll all be in bed.”

If she wins, it’ll be her second Oscar out of six nominations. She previously won for her portrayal of Katharine Hepburn in the 2004 film The Aviator. – Ventura County Star/McClatchy-Tribune Information Services