Jennifer Aniston, Elizabeth Olsen among Elle Women in Hollywood

2011 Elle Women in Hollywood honorees: Jennifer Aniston, Elizabeth Olsen and Frieda Pinto

Actress and newly minted director Jennifer Aniston has something to celebrate: She's among the talented crop of 2011 Elle Women in Hollywood honorees.

For its 18th year, Elle will recognize Aniston's influence in the film biz along with Viola Davis, Evan Rachel Wood, "Immortals" beauty Freida Pinto, Naomi Watts and Michelle Pfieffer.

DreamWorks honcho Stacey Snider will nab a prize (on the heels of her Variety Power of Women trophy), as will Mary-Kate and Ashley's little sister, Elizabeth Olsen, accepting the Calvin Klein Collection emerging star award.

Barbra Streisand will be on hand to take the L'Oreal Paris Legend award.

"As has long been our tradition, this year we honor an extraordinary group of women who continue to redefine what is possible in Hollywood," Elle Editor in Chief Robbie Myers said in a statement.

The fete goes down Oct. 17 at the swanky Four Seasons in Beverly Hills, where David Yurman will drench some of the esteemed gals in jewels.