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

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

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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!

OK! NEWS: JAMES FRANCO'S PLANS FOR OSCAR NOMINATIONS ANNOUCNEMENT — "I WILL BE AT YALE"

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."

OK! NEWS: OSCAR NOMINATIONS 2011 — MO'NIQUE ANNOUNCES THE NOMINEES!

Watch the interview below!

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