|Madonna - The Material Girl - also known as the|
Queen of Pop now stands among musical greats -
in the "Rock and Roll Hall of Fame."
The 49-year-old musical powerhouse was inducted by pop star Justin Timberlake, who co-wrote and co-produced half the songs on Madonna's latest album "Hard Candy." The album is scheduled for release next month.
Madonna said, "I felt like I had been possessed by some magic and luckily for me, I have been miraculously and continuously possessed by some kind of magic."
Madonna did not sing at the ceremony. She left the performing duties to fellow Michigan native Iggy Pop & The Stooges. They served up rock versions of Madonna's pop hits "Burning Up" and "Ray of Light".
Actor Tom Hanks inducted The Dave Clark Five - the group that followed the Beatles as part of the original British Invasion, with hits like "Glad All Over". It was a bittersweet moment for the group. Lead singer Mike Smith died last month from pneumonia.
Cohen, a gravel-voiced Canadian poet, whose songs frequently focus on love, sex, faith and betrayal, is considered among the most literary of songwriters.
Mellencamp, who often sings about the flawed American dream, is often called the "symbol of the hopes, struggles and passions of America's heartland."
The Ventures have produced 250 albums. The band performed one of its most recognizable hits at the induction - the theme from "Hawaii Five-O". The Ventures are credited with defining instrumental guitar rock during the 1960s.
The five inductees were chosen by 600 music industry professionals. Among nominees who did not make the Hall of Fame's, in the 23rd annual induction, were disco queen Donna Summer and the New York-based funk group Chic.