The Dixie Chicks, Alison Krauss and Bonnie Raitt will perform musical tributes to James Taylor, MusiCares' 2006 person of the year, during a Feb. 6 dinner and concert in Los Angeles. Carole King, Randy Newman, Paul Simon and Sting will also perform during the fundraiser for the nonprofit organization that provides assistance to those in need in the music industry. Taylor, who will offer a special performance at the concert, is being honored for his contributions to music and commitments to philanthropic and humanitarian causes. The event coincides with the 48th annual Grammy Awards show taking place Feb. 8 in Los Angeles. The Dixie Chicks have been recording a new album with producer Rick Rubin.