Tara Reid Choosing 'Fairy Tale' Wedding Dress

Newly engaged Tara Reid is loving every minute of planning her wedding — including deciding on the perfect gown.

"I'm going to look like a princess," Tara tells ET Online. "I just picked out the designer: It's Rani Totman from St. Pucchi, and she's like the most incredible wedding designer in the world, in my opinion.

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"There are no other dresses like hers; they're so beautiful and so elegant and fantasy and pure beauty," she continues. "When you put it on you feel like such a girl and you feel beautiful; very fairy tale."

Tara is working with Rani to design two dresses: one in which she can walk down the aisle, and another to be party at the reception.

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"I can't wait to see how she finishes these designs," says Tara. "It's exciting."

Tara and her Internet entrepreneur fiancé Michael Axtmann got engaged in January in Los Angeles and are planning on a summer wedding, but they're still figuring out where to hold the ceremony.

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"That's what we're deciding now, because he lives in Germany," she explains. "We'll have one in America and maybe one in Germany, or maybe just the party in Germany and the wedding in America."

How long is the guest list? "It won't be small, but it won't be big," she says. "It'll be nice. It'll be just the right amount of people. … I want to keep it close special friends and family."

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As for the wedding theme, she says, "I want it to look like a wonderland. I want it to blow people away — and also to have a fun energy."