Although Beyonce beat out Taylor Swift for Song of the Year ("Single Ladies") and Best Female Pop Vocal of the Year ("Halo"), Taylor Swift took home Grammy's biggest prize, Best Album of the Year for "Fearless".

"My family is freaking out in the living room right now," Swift said as she accepted her prize. "This is the story we'll be telling our grandchildren; In 2010 we took Album of the Year."

Both Swift and Knowles lost out on Record of the Year to The Kings Of Leon, for their track "Use Somebody."

But even though Swift took home the big win at the end, Beyonce, who won four Grammys on the pre-telecast, tied the record number of wins for a female performer with a total of six. (Lauryn Hill, Alison Krauss, Norah Jones, Alicia Keys and Amy Winehouse have all won six Grammys). But B's total take is up to 16 Grammys Awards and THAT's a real record-breaker!

Congrats to both the ladies and all the big winners (and losers) tonight!

Click through for the complete list of winners.