"When you look at the list of people who have received this, it's a short list," Fonda told ET on the red carpet before the ceremony. "I feel privileged to be part of it, it's a great experience."
Fonda's career and legacy has influenced a great number of other actors and performers, and many of Fonda's friends, current and former co-stars and admirers turned out to cheer her on during the event.
"She just does everything," said Catherine Zeta-Jones, who walked the carpet with her husband Michael Douglas. "[She is] an activist, a fitness guru, a mother, a wonderful actress, and she's just a timeless beauty."
Check out the video for more from Fonda and her friends about her long career and the influence she's had on the industry.