An exceptional group of legendary music talents will honor multi-Grammy-winning singer/songwriter James Taylor as the 2006 MusiCares Person of the Year in a gala tribute on Monday, Feb. 6, 2006, at the Los Angeles Convention Center. The evening will laud Taylor for his extraordinary musical achievements and his philanthropic commitment to arts, environmental and humanitarian causes, and will feature a special concert by music luminaries including: India.Arie, Jackson Browne, David Crosby, The Dixie Chicks, Dr. John, Carole King, Alison Krauss, Taj Mahal, Randy Newman, Bonnie Raitt, Paul Simon, Bruce Springsteen, Sting and Taylor himself. Now in its 16th year, the MusiCares tribute dinner is one of the most prestigious events held during Grammy Week — a celebration that culminates with the 48th Annual Grammy Awards on Feb. 8, 2006. The telecast will be broadcast on the CBS Television Network at 8 p.m (ET/PT) from Los Angeles.

This landmark evening begins with a special reception and silent auction sponsored by AEG that offers an unparalleled range of luxury and one-of-a-kind items, including: an Ebony Gibson JR-200 Acoustic Electric Guitar signed by Paul Simon; "France's Finest — The Grand Tour of France" with Viking River Cruises; a Peter Max personal portrait and VIP meet and greet at Max's New York studio; three days and two nights aboard the world-famous Onassis yacht "Christina O" for 10 guests; a ladies 18 kt. ruby and diamond ring by Johnathon Arndt Gallery of Jewels and Tesoro diamond cufflinks by Jason of Beverly Hills. Proceeds from the annual Person of the Year tribute provide essential support for MusiCares' Financial Assistance Program, which ensures that music people have a place to turn in times of financial, medical and personal need.

"MusiCares and The Recording Academy take great pride in honoring James Taylor as a musician and humanitarian who has made groundbreaking contributions to our culture and to the world at large," said Neil Portnow, President of the MusiCares Foundation and The Recording Academy. "James exemplifies a unique creative spirit and his dedication to a range of philanthropic causes serves as an example and an inspiration to our entire music community."

In response to the devastating effects of the 2005 hurricanes, The Recording Academy and the MusiCares Foundation established a multi-million dollar Hurricane Relief Fund to assist music people affected by the disasters. MusiCares is also helping people take their first steps back to making a living through "Music Rising," an initiative to raise funds to replace the instruments lost by the musicians of the Gulf Coast. Lead partners Gibson Guitars and the Guitar Center Music Foundation were joined by U2's The Edge, producer Bob Ezrin and many other music industry giants in committing to a goal of $2 million for the Music Rising campaign.