Lara will play alongside India's Sachin Tendulkar for MCC, with Australia's Aaron Finch, currently the world's leading Twenty20 batsman, also in the hosts line-up, besides other legends such as Shane Warne and Adam Gilchrist.
Australia paceman Peter Siddle, a thorn in England's side during the Ashes, will join Nottinghamshire team-mate and former Test wicket-keeper Chris Read in the MCC side.
Tendulkar will captain an MCC XI that also includes another retired India batting star in Rahul Dravid, Pakistan off-spinner Saeed Ajmal and former Australia fast bowler Brett Lee.
Warne, arguably cricket's greatest leg-spinner, will captain a Rest of the World XI that includes his former Hampshire team-mate Kevin Pietersen as well as Sri Lanka's Muttiah Muralitharan and Pakistan's Shahid Afridi.
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"Lord's always holds a very special place in any cricketer's heart, and I am very much looking forward to helping celebrate its Bicentenary with MCC," Lara said in a statement.
Marylebone Cricket Club (MCC), founded in 1787, moved to its present site in the north-west London suburb of St John's Wood in 1814, with the ground then owned by Thomas Lord -- hence its name -- before the club bought him out. PTI AH
Lord's Bicentenary Match teams
MCC: Sachin Tendulkar (IND, capt), Saeed Ajmal (PAK), Shivnarine Chanderpaul (WIS), Rahul Dravid (IND), Aaron Finch (AUS), Umar Gul (PAK), Brian Lara (WIS), Brett Lee (AUS), Chris Read (ENG, wkt), Shaun Tait (AUS), Daniel Vettori (NZL)