Sir Paul is one of 10 stars taking part in the series
Sir Paul McCartney and Ozzy Osbourne will DJ on BBC Radio 1 to mark the station's 40th anniversary.
The two stars are among a list of 10 who will be hosting shows and playing the music which inspired them.
The series, called Radio 1 Legends, starts on 17 September, with former Beatle Sir Paul hosting the first show.
Other artists involved include Oasis songwriter Noel Gallagher, Blondie's Debbie Harry, the Arctic Monkeys, Gwen Stefani and Paul Weller.
DJ Paul Oakenfold, Foo Fighters frontman Dave Grohl and big-beat pioneer Norman Cook - better known as Fatboy Slim - are also taking part.
Sir Paul will play tracks from Elvis Presley, Chuck Berry, and Jerry Lee Lewis to the Rolling Stones and songs from his old band.
The star said: "As I am a legend in my own street, they've very kindly asked me to do my own show, talk about people who inspired me and play my favourite records."
Radio 1 marks its 40th birthday from 17-28 September.
As part of the anniversary, current DJs from the Radio 1 roster will co-host shows with DJs from yesteryear.
On 30 September, the date of the station's first broadcast in 1967, breakfast show DJ Chris Moyles will host a show with Tony Blackburn - the first DJ to appear on the network.
The station is also due to release an album of cover versions featuring tracks by the Kaiser Chiefs, Amy Winehouse, Girls Aloud and Robbie Williams next month.
The compilation includes versions of 40 songs, one taken from each of the years that the station has been on air.
This news couldn't be better--my favorite Beatle on my favorite radio station! I cannot wait. Ozzy's show should be pretty cool (and amusing), too--he won't be able to find any of the buttons. "SHARON!!!!!!"
If you don't live in Britain, you can still listen to Radio 1 online. Go to http://www.bbc.co.uk/radio1. At the top, click "listen live". If you miss the show, you can listen up to 7 days after it was first broadcast for free.
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