DEMI AND MADONNA TO THROW OSCAR BASH

Now that the Vanity Fair party has been canceled, A-listers DEMI MOORE and MADONNA are preparing to host Hollywood's hottest stars come Oscar night. According to Variety, the duo, along with the "Material Girl"'s manager GUY OSEARY, will hold the last minute affair Sunday night at a Westside hills home with a few hundred people invited."Everybody's on it," a source says of the guest list. "It gives the A-list Vanity Fair crowd someplace to go to. It will probably be pared down to where it's 85 percent talent -- not a lot of suits."