Will Ferrell wins top Mark Twain humor prize in DC

By BRETT ZONGKER | May 12, 2011 | 2:14 PM EDT

In this publicity image released by NBC, co-host Matt Lauer, left, talks to actor Will Ferrell on the "Today" show during an appearance to promote his new movie "Everything Must Go," on Thursday, May 12, 2011 in New York. (AP Photo/NBC, Peter Kramer)

WASHINGTON (AP) — Will Ferrell, who honed his impression of President George W. Bush on "Saturday Night Live" and crossed over to make a career in movies, will win the nation's top humor prize from the Kennedy Center in Washington.

The 14th annual Mark Twain Prize for American Humor was announced Thursday. Ferrell will be honored Oct. 23 with a lineup of star comedy performances.

In a written statement, Ferrell says he is honored and will begin cultivating a "Mark Twain-esque mustache" for the event.

Ferrell starred for seven seasons on "Saturday Night Live." In 2007, he created the website FunnyorDie.com with collaborator Adam McKay. He has performed on Broadway and in movies including "Anchorman," ''Old School" and "Zoolander."

Past honorees include Tina Fey, Bill Cosby and Steve Martin.