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Steve Martin gives Eddie Murphy Oscar-hosting tips

Steve Martin attends the after party for the 120th Anniversary of Carnegie Hall on April 12, 2011, in New York. Getty

(CBS) Steve Martin has some Oscar-hosting advice for Eddie Murphy.

Martin, who hosted the ceremony solo in 2001 and 2003 and co-hosted with Alec Baldwin in 2010, posted an open letter on his website with tips for the actor/comedian, who will emcee next year's Academy Awards on Feb. 26.

Pictures: Steve Martin
Pictures: Eddie Murphy

Here are some of the highlights:

  • "Whatever you do, don't have a co-host. They're a big pain and they just end up breaking your SNL record."
  • "The losers can feel very sad, so when you're backstage with them, pat their backs, then shake their head sadly. It's a blast!"
  • "If you feel tired midway through, give Neil Patrick Harris a Red Bull and throw some sheet music at him."
  • "Remember to relax and have a good time while 12,000 livebloggers rip you to shreds."

Read the full letter here.

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