This is a partial transcript from "On the Record," April 10, 2007, that has been edited for clarity.

GRETA VAN SUSTEREN, HOST: Howard K. Stern is not the only one disappointed with today's paternity announcement. There is also Zsa Zsa Gabor's husband, Prince Fredric von Anhalt. He joins us on the phone from his Bel Air home. His lawyer Chris Fields is in L.A.

Prince Fredric, is disappointment the word to describe how you feel tonight, the proof being that it's Larry Birkhead who is the father and not you?

FREDRIC VON ANHALT, ZSA ZSA GABOR'S HUSBAND: No. I'm not very disappointed. I'm not disappointed at all, you know, it's just that I was a tiny bit upset, you know, because I would like to have the child. I would love to have a baby in the house, you know, but on the other side, I was very happy that Larry Birkhead is the father now and not Howard Stern.

Happy also that my wife is not so much upset because bringing a child home, you know, being married to Zsa Zsa Gabor for 20 years, bringing home a child would be terrible for her and would have upset her very much and she was very happy when she had the news today.

VAN SUSTEREN: All right, well, that's — and Larry likewise is happy. You know, now that Larry Birkhead is the father, I know that you got into a bit of a spat with Bill O'Reilly, he called you a fraud over this whole fatherhood thing and that you filed a lawsuit against Bill O'Reilly and FOX News. Are you still going to go forward with it now that Larry is the father?

ANHALT: Well, you see, if I — I don't know if I could.

CHRIS FIELDS, PRINCE ANHALT'S ATTY: Let me interrupt, Greta.

ANHALT: No, no, no, wait a minute. Wait a minute; he calls me a fraud because I told him I had an affair with Nicole? It doesn't matter if Larry Birkhead is the father or not, I could have been the father, I never said I am the father. I said I could be father. But he said because I said I had an affair with Nicole that's not true and he calls me a fraud. That's how what he did. You know, and that is all.

VAN SUSTEREN: All right, Chris, you want to get in on this. Chris, who is your lawyer. Chris, you want to get in on this.

FIELDS: Well, I just wanted to caution Frederic on saying too much out of the league sphere. We're proceeding with the process. It remains to be seen how far we'll take it, but we are very serious about the suit.

VAN SUSTEREN: You know, Chris, it's very interesting because as I understand the lawsuit, the prince said that they didn't like he didn't like being called a fraud that that reflected on his credibility. And what I'm sort of — I'm a little fixated on the whole fact that, you know, that he's worried that his word isn't any good anymore, yet he publicly comes out and says that when he said "I do" to Zsa Zsa Gabor 20 years ago that apparently his word wasn't good there either because he had an affair.

ANHALT: I tell you. I want to tell you something.

VAN SUSTEREN: Go ahead, Prince.

ANHALT: I want to tell you something, if I get — when we go to court, if I see Bill O'Reilly in court and I will prove, then I will come with witnesses and also places where I was with Anna Nicole. Right now there is not a fight. If I get into a fight I bring you the proof and the Bill O'Reilly will look stupid, there. I'm telling you that right now. But, on the other side, Bill O'Reilly has one choice, you know, either I see him in court or at least he apologizes.

VAN SUSTEREN: All right, being a — Prince, if you wanted to bring the proof to me, I'll be happy to put it on the air.

ANHALT: No, I'm going to bring it to court.

VAN SUSTEREN: All right, well OK, bring it to court, then. Whatever. It certainly is an interesting lawsuit to put it lightly and gently. And we'll follow this one.

FIELDS: And Greta.

VAN SUSTEREN: Yes, Chris.

FIELDS: If I can interrupt. Being called a fraud has a definite, very bad criminal and civil connotation. Being called a philanderer...

VAN SUSTEREN: I agree. You know what, Chris? I think being called a philanderer, I think that's lame. You know, it says that when you say "I do" that your word is no good. I mean, I don't know. Maybe call me old fashion.

FIELDS: Well, we have a lot of public and media figures who, unfortunately, they cheat on their spouses. And it's just — it's an unfortunate fact of our pop culture, if you will.

VAN SUSTEREN: And that is good for another whole show you and the prince now have to do another whole show on that one. Anyway.

FIELDS: Yeah.

VAN SUSTEREN: Prince, thank you for joining us again. Chris, thank you as well.

ANHALT: OK.

FIELDS: Thank you.

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