Miley Cyrus performs duet “Ready, Set, Don’t Go” with father Billy Ray onstage during the 2008 CMT Music Awards at the Curb Events Center at Belmont University on Monday in Nashville, Tennessee.

The father-daughter duo hosted the entire event. During their opening segment, Billy Ray joked about how popular his daughter really is.

He said, “I know what’s going on here, OK. I didn’t fall off the turnip truck yesterday … it’s pretty obvious what you’re all doing. You’re just using Miley to get to me.”

55+ pictures inside of Miley Cyrus performing at the 2008 CMT Music Awards… More Here! »

Carrie Underwood performs her hit single “All-American Girl” onstage during the 2008 CMT Music Awards at the Curb Events Center at Belmont University on Monday in Nashville, Tennessee.

The 26-year-old American Idol champ closed the entire show in her cute baby blue babydoll dress! Watch the video below –

15+ pictures inside of Carrie’s picture perfect performance…

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Faith Hill and Tim McGraw (pictured below) stick to dark colors on the purple carpet at the 2008 CMT Music Awards at the Curb Events Center at Belmont University on Monday in Nashville, Tennessee.

The country music superstar couple performed a duet called “I Need You.”

10+ pictures inside of Faith Hill and Tim McGraw @ the 2008 CMT Music Awards… More Here! »

Taylor Swift picked up Best Female Video for her hit single “Our Song” at the 2008 CMT Music Awards at the Curb Events Center at Belmont University on Monday in Nashville, Tennessee.

“Are you serious? I can’t even believe this,” said the 18-year-old singer who won in a field that included Carrie Underwood, LeAnn Rimes, Martina McBride and Miranda Lambert.

Congrats, Taylor!!

10+ pictures inside of Taylor Swift at the 2008 CMT Music Awards… More Here! »

Miley Cyrus (in Roberto Cavalli) rocks a very mature look at the 2008 CMT Music Awards at the Curb Events Center at Belmont University on Monday in Nashville, Tennessee.

The 15-year-old Hannah Montana star hosted the awards ceremony with her country superstar father Billy Ray Cyrus.

WHAT DO YOU THINK of Smiley’s floor-grazing gown? Too womanly? Or just right?

10+ pictures inside of Miley Cyrus @ the CMT Music Awards 2008… More Here! »

Carrie Underwood strikes a glamorous pose in a purple Badgley Mischka Platinum one-strap mini at the 2008 CMT Music Awards at the Curb Events Center at Belmont University on Monday in Nashville, Tennessee.

The 25-year-old American Idol champ accessorized with Tiffany & Co. jewelry, a Mary Norton clutch and Rene Caovilla sandals.

During the ceremony, Carrie performed, along with Alan Jackson, Brad Paisley, Sugarland, Taylor Swift and Toby Keith.

10+ pictures inside of Carrie Underwood @ CMT Music Awards 2008… More Here! »

Mom-to-be Nicole Kidman (in YSL) comes out to support her country superstar husband Keith Urban at the 2008 CMT Music Awards at the Curb Events Center at Belmont University on Monday in Nashville, Tennessee.

Gorgeous is the lady in red! The gathering at the bodice of Nic’s red floor-grazing down is to die for.

Nicole and Keith (both 40) expect their first baby together in July.

20+ pictures inside of Nicole Kidman @ CMT Music Awards 2008… More Here! »

Miley Cyrus and her dad Billy Ray are set to host the 2008 CMT Music Awards on April 14 from Belmont University’s Curb Event Center in Nashsville, Tenn.

Carrie Underwood, Taylor Swift, Brad Paisley, Alan Jackson, Sugarland and Toby Keith will also be among the performers.

Disney also announced today that the Hannah Montana movie will shoot in Tennessee and Los Angeles, with a scheduled release date of May 1, 2009.

Below is Miley’s new YouTube show: The Miley & Mandy Show. In the clip, Miley and her dancer friend, Mandy Jiroux, are seen laughing, dancing to Janet Jackson’s “Feedback,” doing hand-stands and reading magazines.

Pictured below: Miley Cyrus after grabbing lunch at McDonalds out in Hollywood on Monday afternoon.