New York ? MTV’s annual New Year’s Eve party from Times Square will feature musical performances by Kanye West, Adam Levine, Shakira and Fall Out Boy.

The two-hour telecast, which begins at 10:30 p.m. EST (live) and PST (on tape), will have MTV VJs Damien Fahey, Vanessa Minnillo, Quddus Philippe, La La Vazquez and Susie Castillo as hosts, the network announced Monday.

Common, All-American Rejects and Young Jeezy also will perform. There will be an appearance by the Rev. Run and his family, MTV said.

“For years, New Year’s Eve on MTV has always meant the best new music to our viewers,” said David Sirulnick, executive vice president, MTV News and Production. “2005 is no different, with amazing performances from some of the biggest artists from the past year. We will have wall-to-wall music straight through to 2006.”

MTV has been holding New Year’s Eve parties since 1981. The first one was held at New York’s Hotel Diplomat.