Oh my!!

Swank Splits From Lowe

"The Insider"'s MARC MALKIN reports that double Oscar winner HILARY SWANK and her husband CHAD LOWE have decided to split.

Swank's manager, TROY NANKIN, tells Malkin that "Hilary and Chad have decided to separate but they are hopeful they will be able to get through this tough time."

It was this time last year when Hilary was accepting the Oscar for Best Actress ('Million Dollar Baby') and thanking Lowe, "last, but not least," for the support -- after her glaring omission when she won the Oscar in 2000 for 'Boys Don't Cry' and forgot to acknowledge her then-hubby.

The couple married in September of 1997 and have no children together.