Paris Hilton's Parents Kathy and Rick Give Update on Grandkids Phoenix and London (Exclusive)

Kathy and Rick Hilton chat with ET's Denny Directo at the 25th edition of An Unforgettable Evening Gala in Los Angeles at the Beverly Wilshire hotel, honoring Demi Moore and Wallis Annenberg. The couple gives an inside look at what life is like with eight grandchildren. Plus, Kathy and Rick share an update on Paris' children, 1-year-old son Phoenix and daughter London, whom the proud parents welcomed in November. Proceeds from the gala benefit the Women’s Cancer Research Fund, a program of the Breast Cancer Research Foundation (BCRF).