Spanish beauty Penelope Cruz has laughed off rumours of an Oscar win for her VOLVER performance. Cruz's Academy Award chances were given another boost last week (04JAN07) when she was shortlisted in the Screen Actor's Guild Awards for Outstanding Performance by a Female Actor in a Leading Role. She will compete against DAME Helen Mirren for THE QUEEN, Meryl Streep for The Devil Wears Prada, Kate Winslet for LITTLE CHILDREN, and DAME Judi Dench for NOTES ON A SCANDAL. At the mention of taking home an Oscar, she cries,"Oh, don't even mention that!" The ceremony will be held next month (25FEB07).