Elizabeth Taylor becomes the twenty-first recipient of The American Film Institute’s Life Achievement Award hosted by Carol Burnett and featuring appearances by Michael Caine, Angela Lansbury, Roddy McDowall, Michael York and George Stevens, Jr. Clips from her movies include “Lassie Come Home,” “National Velvet,” “Father of the Bride,” “A Place in the Sun,” “Giant,” “Cat on a Hot Tin Roof,” “Suddenly, Last Summer,” “Butterfield 8,” “Cleopatra,” and “Who’s Afraid of Virginia Woolf?”