Michael Jackson, whose "We Are the World" raised millions for African famine relief in the '80s, is hoping a similar benefit song will do the same for the victims of last week's terrorists attacks in New York and Washington.

Jackson wrote a song called "What More Can I Give," and has enlisted members of 'N Sync and the Backstreet Boys, Britney Spears and Destiny's Child to participate in the recording.

"I believe in my heart that the music community will come together as one and rally to the aid of thousands of innocent victims," he said in a statement Monday. "There is a tremendous need for relief dollars right now and through this effort each one of us can play an immediate role in helping comfort so many people."

Jackson hopes to raise approximately $50 million. In 1985, he and Lionel Richie co-wrote "We Are the World," performed by USA for Africa, an all-star ensemble that included Bruce Springsteen, Paul Simon, Diana Ross, Stevie Wonder, Cyndi Lauper, Bob Dylan and Ray Charles.