Chris Tucker will host the awards show with Steve Harvey, Dwayne "The Rock" Johnson, Jamie Foxx and Angela Bassett also scheduled to appear.
Founded more than thirty years ago during a meeting in the home of Sammy Davis Jr., the Awards honor projects and individuals of all races who help promote "positive images of people of color."
There are 41 competitive categories in the fields of motion pictures, television, music and literature, and there are several special awards including the Image Award Hall of Fame and Entertainer of the Year.
This year, National Security Adviser Condoleeza Rice will receive the President's Award and Little Richard will receive the Hall of Fame Award.
Ali, Baby Boy, Rush Hour 2, The Brothers and Training Day have been nominated for Outstanding Motion Picture.
The two-hour television special will air March 1 at 8 p.m. EST on Fox. After airing in the Saturday Night Live time slot on NBC for eight years, the broadcast moved to Fox in 1996.
A selected list of nominees follows:
Outstanding Motion Picture
Ali (Columbia Pictures)
Baby Boy (Columbia Pictures)
Rush Hour 2 (New Line Cinema)
The Brothers (Screen Gems)
Training Day (Warner Bros.)
Outstanding Actor in a Motion Picture
Denzel Washington, Training Day
Morgan Freeman, Along Came a Spider
Outstanding Actress in a Motion Picture
Vivica A Fox, Two Can Play That Game
Outstanding Supporting Actor in a Motion Picture
Anthony Anderson, Kingdom Come
Cedric "The Entertainer", Kingdom Come
Outstanding Supporting Actress in a Motion Picture
Loretta Divine, Kingdom Come
Mo'Nique, Two Can Play That Game
