Rod Stewart Penny Lancaster Clive Davis Jane Fonda CD release Madeo tux

...and let's not forget, he's got a baby on the way too!

Last night we snapped Rod Stewart, pregnant wife Penny Lancaster, Clive Davis and Jane Fonda at the launch party for his new album "Fly Me To The Moon" at Madeo in West Hollywood, and everyone looked thrilled about the new CD and the new kid!