B&B aired its 5000th episode in February. (Brad Bell) (CBS)

An official press release from CBS announces to Soaps.com readers that the Bold and the Beautiful episode on Friday, March 23, will mark the show’s 20th anniversary on the air. To mark the occasion, the storyline will take place in Australia and feature “Brooke and Ridge’s always stormy relationship, young Phoebe (Mackenzie Mauzy) and Rick’s (Kyle Lowder) forbidden romance, Taylor (Hunter Tylo) and Nick’s (Jack Wagner) newfound love, and the competition between fashion houses Forrester Creations and Forrester Originals for control of the industry.”

Through the years, Bold and the Beautiful has covered current issues such as HIV, rape, homelessness, child abuse and drug/alcohol dependency. The soap has also put its Los Angeles location to good use by casting Hollywood legends such as Phyllis Diller, Patrick Duffy, Linda Gray, Betty White, Usher, Charlton Heston, Mike Piazza, Erik Estrada and Dionne Warwick to appear as either themselves or a character.