Presented by The 24 Hour Company and the Exchange, the annual event takes place at The Gramercy Theatre (127 East 23rd Street). Tony winner Ted Sperling is the creative director for The 24 Hour Musicals.

Here's how the work is billed: "The creative process begins Sunday, March 6 at 9 PM when all participating artists convene at the National Arts Club on Gramercy Park with a prop or costume piece to inspire the writers. After the company is briefed, the actors and directors will leave the writers to create the book, music and lyrics for their 15-minute musicals …in just eight hours. At  7 AM Monday morning, the directors will return to read the completed musicals and finalize casting. An hour, the actors will return to begin a twelve-hour rehearsal process. At 8 PM, ink barely dry, the four new musicals will be performed for a live audience. Although the actors only have one day to memorize lines, lyrics and music, create characters and learn blocking, the musicals are performed without scripts in hand."

Participating artists include Todd Almond (We Have Always Lived in the Castle, On the Levee), Savannah Wise (Rock of Ages), Jeffrey Kuhn (Wicked), Dee Roscioli (Wicked), Debby Boone (Seven Brides…), Kristoffer Diaz (Elaborate Entrance of Chad Deity), Daniel Goldstein (Godspell), Mandy Gonzalez (In the Heights), America Ferrera ("Ugly Betty"), Julian Fleisher (Coraline), Richard Kind (The Producers), Marc Kudisch (The Apple Tree), Nellie McKay (Threepenny Opera), Anthony Rapp (Rent), Nat Wolff, Jonathan Marc Sherman (Knickerbocker, Things We Want), Julian Fleisher (Coraline) and Kait Kerrigan and Brian Lowdermilk (Henry and Mudge, Samantha Brown).

Following the performance, a VIP reception will take place at The National Arts Club.

Proceeds from The 24 Hour Musicals benefit the Exchange, a NYC not-for-profit that develops new theatre work through productions and its development center for innovative theatre companies and artists in the Catskills, the Orchard Project. Tickets for the event are $100 - $450. Tickets are available by visiting 24HourPlays.com or by phoning (646) 224-5977.