The "Transformers" hottie (who is dating 90210 stud Brian Austin Green) reached the summit of the list relatively early (she's only 21), after coming in at #68 in 2006, and #65 last year.
Her Top 10 contemporaries are Jessica Biel, Jessica Alba (last year's #1), Elisha Cuthbert, Scarlett Johansson, Emmanuelle Chriqui, Hilary Duff, Tricia Helfer, Blake Lively, and Kate Beckinsale.
Even Britney Spears had a place on the list, coming in at #100. Other notable showings were Angelina Jolie at #12, Rihanna at #14, Kim Kardashian at #17, and Paris Hilton at #77.
And even the ladies from "The Hills" snagged a spot on the list. Heidi Montag was the highest ranked at #44, with Audrina Patridge coming in at #80 and Lauren Conrad taking the #95 spot.
Enjoy the pictures of FHM's top three Sexiest Women in the World