The day includes performances by Kat De Luna, Lil Mama, the Jonas Brothers and 17-year-old singer and rapper Sean Kingston, whose song "Beautiful Girls" has topped the Billboard 100 singles chart for the last five weeks.
Tennis stars Roger Federer, Andy Roddick, Serena Williams and Rafael Nadal are among those scheduled to participate in the exhibition, which includes skills competitions and tie-break matches.
The event benefits the U.S. Tennis Association's National Junior Tennis League, founded by tennis legend Arthur Ashe along with his former Davis Cup teammate Charlie Pasarell and philanthropist and former tennis pro Sheridan Snyder in 1969.
MTV veejay Quddus and TV personality Daisy Fuentes will host the day's festivities, which feature guest appearances by singer Rob Thomas, skateboard legend Tony Hawk and longtime "Saturday Night Live" star Chris Kattan.
CBS Sports will broadcast a 90-minute special with footage from the event on Sunday, Aug. 26 at 12 p.m. ET.
The U.S. Open runs from Aug. 27 through Sept. 9. CBS Sports will broadcast more than 37 hours of the championships with live comprehensive coverage during both weekends of the event and on Labor Day, Sept. 3 and on Friday, Sept. 7. The 2007 women's final live in prime time highlights the Network's "Super Saturday" coverage on Sept. 8. The men's final will be on Sunday, Sept. 9.