LOS ANGELES - The hottest Oscar after-party in town is back -- only smaller.

Vanity Fair says its annual Academy Awards party is returning for next year's Oscar night on Feb. 22. The magazine's 2008 bash was cancelled in support of the Hollywood writers' strike.

The A-list soiree, which has boasted such guests as Madonna and former U.S. vice-president Al Gore, will take place at West Hollywood's Sunset Tower Hotel, instead of its traditional home, the restaurant Morten's.

The magazine's editor, Graydon Carter, said on VanityFair.com Tuesday that the bash "will be a much more intimate affair than in years past," with a scaled back guest list.

Given the state of the economy, Carter said the party also will recycle decor from past years.