Alberto Cortez, Lucho Gatica, Olga Guillot, Los Tigres del Norte, Os Paralamas do Sucesso and Chavela Vargas will receive the 2007 Latin Recording Academy's Lifetime Achievement Award. João Araújo, Leopoldo Federico and Fernando Hernandez will receive Trustees Awards.

The honorees will be feted at a special ceremony at Las Vegas' Four Seasons Hotel on Nov. 7, the evening before the Latin Grammys are scheduled to broadcast live from the Mandalay Bay Events Center on the Univision Network.

Argentine singer/songwriter Cortez' career spans several decades, with his first album released in 1960; his subsequent hits include "Mi Arbol Y Yo," "En Un Rincón Del Alma," and "Cuando Un Amigo Se Va." Chilean-born bolero king Gatica has released dozens of albums and continues to record beloved classics. Bolero queen Olga Guillot had her first hit, "La Gloria Eres Tu," in 1946 and became the first Latin artist to play New York's Carnegie Hall.

Grammy- and Latin Grammy-winners Los Tigres del Norte has injected contemporary social themes into its corridos, earning legions of fans, a Legacy Award from the Smithsonian Latino Center and the top regional Mexican album in last week's issue of Billboard. Brazil's Os Paralamas do Sucesso has been making politically charged, musically diverse rock since the '70s. Chavela Vargas collaborated with ranchera icon Jose Alfredo Jimenez and broke barriers for women in the genre, with music that can be heard in modern films by Pedro Almodovar and others.

Trustees Award winner Araujo founded Globo TV's Som Livre label and launched the careers of Brazilian stars like Caetano Veloso. Tango icon Federico is president of the Argentine Association of Performers. Label veteran Hernandez signed legendary acts such as Juan Gabriel and Jose Jose, and helped develop the rock en espanol movement prior to his presidency of Amprofon, Mexico's recording industry association.