The former Playboy model will be CNN's fashion and celebrity commentator at the 83rd Academy Awards which take place this Sunday at the Kodak Theatre in Hollywood, California, and she insists it's going to be the "thrill of a lifetime" for her.
She said: "I'm pumped, I'm psyched. Everything about the Oscars is amazing."
The 'Real Housewives of Beverly Hills' star will be commentating live on the red carpet dresses and A-list arrivals as they happen and insists she isn't nervous about the job.
However, one thing she is worried about is choosing her own Oscars dress.
The 42-year-old blonde said: "I just started the process so we're working on it."
Camille will be joined by 'Showbiz Tonight' hosts A.J. Hammer and Brooke Anderson for special show 'Showbiz Tonight: Road to Gold', which will air on both CNN and HLN.
Dave Levine, senior executive producer of CNN entertainment and 'Showbiz Tonight', said: "We can't wait to get Camille's unabashed take on Hollywood's biggest night."
Camille's legal separation from former 'Frasier star Kelsey - who is now in a relationship with Kayte Walsh - was finalised on February 10.
The one-time husband and wife have two children together, Mason, nine, and six-year-old Jude.