>> Stephen: WELCOME BACK,EVERYBODY, WE'RE HONORED TO

BE HERE TONIGHT WITHDR. WILLIAM COSBY.

DR. COSBY.

>> YES.

>> Stephen: DR. COSBY, THANKYOU SO MUCH FOR BEING HERE

TONIGHT.

>> YES, SIR.

>> Stephen: WHAT A PLEASURE.

>> THANK YOU.

>> Stephen: NOW I WILL-- IAM GOING TO SAY SOMETHING

CONTROVERSIAL.

I THINK YOU'RE GREAT.

YOU'RE A COMEDY LEGEND.

YOU'VE GOT EMMIES, YOU'VEGOT GRAMMYS, YOU'VE GOT

BOOKS.

EVERYBODY LOVES BILL COSBY.

YOU ARE-- THERE IS SOMETHINGCALLED THE COLBERT BUMP.

THE COLBERT BUMP IS ONCEYOU'VE BEEN ON MY SHOW

THINGS GET BIG FOR YOU.

WILL YOU WALK DOWN THESTREET TOMORROW, PEOPLE ARE

GOING TO GO THAT'S BILLCOSBY, I SAW HIM ON COLBERT.

BUT THERE'S ALSO SOMETHINGCALLED-- THERE'S SOMETHING

CALLED THE COSBY EFFECT.

YOU BRING PEOPLE TOGETHER OFDISPARATE BACKGROUNDS TO

ENJOY YOUR WORK.

FOR INSTANCE, LIKE NELSONMANDELA, WHEN HE WAS IN JAIL,

HE AND HIS JAILERS BOTHWATCHED THE COSBY SHOW.

IN THE '80s IT HELPED WITHTHE RECONCILIATION THERE.

WHY ISN'T MORGAN FREEMANPLAYING YOU IN A MOVIE?

(APPLAUSE)>> WELL, OUT OF RESPECT

MORGAN AND I WORKED TOGETHERON THE ELECTRIC COMPANY.

>> Stephen: I REMEMBER, IREMEMBER.

>> SO-- I THINK OUT OFRESPECT MORGAN IS WAITING

FOR ME TO DIE.

>> Stephen: YOU SEE.

>> Stephen: DID HE EVER CALLYOU UP AND SAY, HOW ARE YOU

FEELING?

>>.

>> NOT ONLY THAT, BUT HE'SASKED HOW SYDNEY IS DOING,

POTTIER.

>> Stephen: HARRY BELLEFONTE.

>> EVERYBODY, HE WANTS TOKNOW HOW THEY'RE ALL DOING.

AND HE'S NOT A HAPPY MAN.

NOT A HAPPY MAN.

WELL, SOMETIMES, ON THEINTERNET, SOMEBODY WILL POST

THAT I DIED.

>> Stephen: HOW DOES THATFEEL, HOW DOES THAT FEEL TO

HEAR?

>> WELL, NO, NO, MORGANCALLS.

>> .

>> Stephen: I SEE.

>> AND I HAVE A MACHINE UPONMY DESK, IF YOU CALL, IT

SOUNDS LIKE I'M ANSWERING.

SO IT WILL GO TO THE FOURTHRING, HEY, WHAT'S HAPPENING?

AND THEN YOU'LL SAY HELLO?

>> STOP SAYING HELLO, WHAT'SGOING ON, MAN.

SO THEN THAT FOOLS A LOT OFPEOPLE.

AND I THINK THAT MORGAN ISGOING TO BE ALL RIGHT.

>> Stephen: I AGREE, IAGREE.

MR. COSBY, I CAN'T THANK YOUENOUGH FOR BEING HERE.

>> YES, YOU CAN.

>> Stephen: I CAN?

I CAN?

TELL ME WHEN I GET THERE.

>> OKAY.

>> Stephen: ALL RIGHT, LETME TRY, LET ME TRY TO THANK

YOU AND SEE IF I GET THERE.

>> SEE, YOU ARE WEARING ITOUT.

>> Stephen: OH I WANT TO YOUREMEMBER WHEREVER YOU GO.

>> Stephen: YES.

>> WHATEVER JOB YOU HAVE.

>> Stephen: YES.

>> YOU HAVE A DESK AND A MIC,AND TWO CHAIRS.

CALL ME.

(APPLAUSE)>> Stephen: BILL COSBY.

(APPLAUSE)WE'LL BE RIGHT BACK.