Timbaland, Missy Elliot Re-Working "We Are The World"

Timbaland will

produce and write a new version of the USA For Africa charity effort, "We

Are The World," to raise funds for worldwide HIV/Aids programs.

The new song, titled

"The World Is Ours," is being co-written by Missy Elliot and Justin

Timberlake and will feature more than 40 performers, who are being recruited

for the project.

"I see this

as a passing of the torch," Timbaland said. "I will use the legendary

model of We Are the World, but update it in a way that works for the trends

of the music industry today. Just as Quincy Jones, Lionel Richie and Michael

Jackson did, we will create an anthem with today's most talented artists to

produce a song that will bring the world's attention to the Aids pandemic."

The project is

being released with Quincy Jones' blessings, on Tim's Beatclub Records.

An accompanying

video will premiere on VH1 and a DVD will be produced by Quincy Jones III (QD3).

Proceeds will benefit

the YouthAIDS organization and Quincy Jones' Listen Up Foundation.

The original We

Are The World project featured such heavyweights as Willie Nelson, Diana Ross,

Tina Turner, Cyndi Lauper, Bob Dylan.

The song was written

by Michael Jackson and Lionel Richie. Legend has it that they wrote the song

in under two hours.

The project raised

$90 million to support the famine relief effort in Africa.

Timbaland's project

is slated to hit the stores in the Spring of 2004.