nfr_3HOLLYWOOD – Michael Jackson’s will names as guardians of his children his close friend, actress Elizabeth Taylor, 77, and one of Taylor’s favorite co-star from Hollywood’s golden age, Mickey Rooney, 88.

The guardianship will mark the first time that Taylor and Rooney have worked together since their smash hit “National Velvet” in 1944.

Mr. Rooney is concerned that he and Taylor will not have the financial wherewithal to raise the Jackson children in the style to which they are accustomed, so he suggested that they get some of their friends together — “kids from the neighborhood” — and put on a show in a local barn.