James Franco on Oscar Nomination: "It's a Big Honor"

By:OK! Staff

Jan. 25 2011, Published 4:27 a.m. ET

Having just rolled out of bed and on his way to class, James Franco was stopped in his tracks by Today to celebrate his Oscar nomination for 127 Hours today!

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Along with Anne Hathaway, James Franco will be co-hosting the Oscars this year. But he's also now been officially nominated for his role in 127 Hours.

So, how does it feel?

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"It feels great. I'm here in New Haven. I'm about to go to class," James told Today with a half-awake smile. "It looks like I'm just rushing to class, but we have this whole set-up here.

I have my normal pre-class makeup on and there are some lights appeared here," he added. "It's great. I'm happy to be here."

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Watch the interview below!