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Posted Sat, January 22, 2011 6:14pm EDT

Get To Know Mary-Kate & Ashley Olsen's Little Sister, Sundance 'It' Girl Elizabeth Olsen!

The 21-year-old Olsen hasn’t stepped into the spotlight — until now! Get to know the girl that was nominated as the ‘new ingenue’ by Chace Crawford!

If you caught yourself doing a double-take trying to figure out if the girl in the photo is Mary-Kate or Ashley Olsen, take another look! While 21-year-old Elizabeth Olsen looks like a spitting image of her very famous older sisters, in reality, she’s definitely her own person! In the current New Hollywood issue of V magazine, the young starlet was nominated by sexy Gossip Girl stud and co-star Chace Crawford for the New Ingenue role — and she is currently taking Sundance by storm!

Rather than rise to fame on the coattails of her sister’s, Elizabeth spent years studying acting with the Atlantic Theater Company and working as an understudy. “I love the Atlantic Theater Company,” she told the mag, before discussing work on her upcoming flick, Peace, Love & Misunderstanding, in which she co-stars with Jane Fonda and Chace Crawford. The starlet is currently enrolled in NYU, where she studies acting — but she also played volleyball and danced growing up, opting to wait before pursuing acting professionally. She wanted to wait “until [she] felt confident and comfortable.”

The actress is now receiving rave reviews for not one, but two leading roles at the 2011 Sundance Film Festival. She plays a young woman descending into madness in the horror film Silent House and her other film, Martha Marcy May Marlene, is already an early favorite for the Grand Jury prize — largely on the strength of her amazing performance. In the pic, Elizabeth plays a young woman returning to her sister’s home (Sarah Paulson) after years in an abusive, and increasingly horrifying, cult. The Case of Thorn Mansion this is not.

On a separate (and lighter) note, Elizabeth, along with brother James, is the namesake of sister Ashley and Mary Kate’s line Elizabeth & James.

Is there an Olsen girl that is anything less than remarkable?