Reese Witherspoon

Oscar winning actresses Reese Witherspoon and Angelina Jolie can notch up another accomplishment - they were named Friday as Hollywood's highest earning actresses, with a pay range of between 15 million and 20 million dollars per movie.

The list, compiled by the Hollywood Reporter for its annual Women in Entertainment review said both actresses were able to command such high fees for title roles in blockbusters, but often reduced their fees for smaller roles to fill their schedules.

Witherspoon, 31, won an Oscar for last year's Walk The Line, while Jolie was a supporting actress winner in 2002.