Chris Rock, Carole King, Steven Van Zandt and Chuck D will also help induct the class of 2012
Better Midler, John Mellencamp, Steve Van Zandt and Robbie Robertson will also speak at the event
'You have those daydreams like, we'll go up and play 'Nightrain' and 'Brownstone.''
Listen to the first single from 'Apocalyptic Love'
Guns N' Roses are the only group to be inducted on their first year of eligibility while the Beastie Boys are only the third hip-hop act to get inducted into the Hall of Fame.
Clip features Jane Lynch, Juliette Lewis, Lemmy Kilmister, Verne Troyer