SIR Elton John's annual OSCAR party has allegedly been axed because its sponsor, IN STYLE magazine feared the celebration had failed to attract the top stars.

The ROCKET MAN is looking for new sponsorship to rescue next year's (05) charity bash, which would raise money for his AIDS Foundation, Britain's MAIL ON SUNDAY reports.

A source says, "Elton's people did not adhere to quality control and the kind of people who came were not that great."

Guests at the singer's previous Oscar party nine months ago (29FEB04) included Beck, Johnny Depp, Jude Law, Sting, Sharon Stone, Nicole Kidman, RENEE ZELLWEGER and Phil Collins.

07/11/2004 14:24