Warne has not played an international one-dayer since he was banned for doping almost two years ago but has agreed to make a comeback for the fundraising match against a combined Asian team at the Melbourne Cricket Ground on January 11.
Australia's Ricky Ponting was named captain of a powerful side chosen by former test skippers Steve Waugh and Richard Hadlee.
There were five Australians in the 12-man team as well as three New Zealanders, including their captain Stephen Fleming, three West Indians, including master batsman Brian Lara, and a lone Englishman, Darren Gough.
The Asian team will be announced on Monday. A second match will be held on the Asian subcontinent in either February or March.
Both matches will be broadcast live around the cricketing world with all proceeds going to World Vision. Organisers are hoping to raise millions of dollars for the relief effort.
World team: Ricky Ponting (Australia, captain), Matthew Hayden (Australia), Adam Gilchrist (Australia), Stephen Fleming (New Zealand), Brian Lara (West Indies), Chris Gayle (West Indies), Chris Cairns (New Zealand), Shane Warne (Australia), Glenn McGrath (Australia), Dwayne Bravo (West Indies), Darren Gough (England), Daniel Vettori (New