VIDEO: James Taylor & Stephen Colbert Perform Updated Version of 'Fire and Rain'

On last night's LATE SHOW, Stephen Colbert got a chance to duet with James Taylor on one of his classic songs "You Can Close Your Eyes". Later, Taylor and Colbert share an updated version of the classic hit "Fire and Rain" and the singer performs "Montana" from his latest album "Before This World." Watch all the clips below!

THE LATE SHOW WITH STEPHEN COLBERT premiered on Tuesday, Sept. 8 on CBs.The show is broadcast from the historic Ed Sullivan Theater in New York City.

A multi-talented and respected host, writer, producer, satirist and comedian, Colbert is well-known for his previous late night show, "The Colbert Report," which concluded on Friday, Dec. 18, 2014. The program received wide-spread critical acclaim and earned two Peabody Awards and 29 Emmy Award nominations, including two Emmy wins for Outstanding Variety Series (2013, 2014) and four Emmy wins for Outstanding Writing for a Variety, Music or Comedy Program (2008, 2010, 2013, 2014). Prior to that, Colbert spent eight years as a correspondent on Comedy Central's "The Daily Show" as an on-air personality and writer of news satire for the Emmy and Peabody Award-winning series.

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