NEW YORK (AP) _ You don't have to be a millionaire to dress like Regis Philbin.

The host of ABC's popular ``Who Wants to Be a Millionaire'' has signed a deal granting Phillips-Van Heusen Corp. the right to design shirts and ties bearing his name.

The line will feature microfiber shirts and silk ties that retail for $40 and $50.

``Especially in the summer there will be a wide assortment of colors _ the more colors the better,'' Philbin said.

Philbin will get a guaranteed fee against which future royalties will be offset, the Wall Street Journal reported. Van Heusen is expecting to sell $50 million worth of the clothes in the first year, following the line's launch next month.