The contestants will include Olympic gold medalist swimmer Summer Sanders; Golden Globe-nominated actor Lou Diamond Phillips (The King and I); recording artist-actor Aaron Carter (The Fantasticks); singer, actor and founding member of 'N Sync, Joey Fatone (Rent); recording star-actress Taylor Dayne (Aida); Grammy-winning hip-hop artist Coolio; comedian, writer and actor Cheech Marin; and Miss USA 2011 Alyssa Campanella.

The six-episode show is set to premiere Jan. 1, 2012, at 9 PM ET.

"Divided into Team Rachael and Team Guy," press notes state, "the contestants will face intense weekly challenges that are sure to have them working, fighting and laughing as they race against the clock to prepare elaborate meals for up to 150 guests. The winning and losing teams will be chosen by the guest diners — and between two bottom-rated contestants from the losing team, one member will be sent home each week. The last celebrity standing at the end of the season will win a cash donation to his or her favorite charity."

For more information visit www.foodnetwork.com.