Montgomerie is the defending champion of the two-day, $1 million dollar event; having won $415,000 a year ago.
The event will be played for the third time at Landmark Golf Club in Indio, Calif.
There was concern that Montgomerie, of Scotland, might not compete due to safety issues in the wake of the Sept. 11 terrorist attacks in the United States.
In acknowledgment of the attacks, all four players will donate 20 percent of their winnings to disaster relief funds.
Woods returns to the field for the first time since 1997. The worlds No. 1 player signed a dealer earlier in the year with Disney, in which he will play in four of the next five Skins Games. Disney owns ABC. ABC owns the broadcast rights to the Skins Game.
Tiger first played the Skins Game in 1996, when he finished third.
Norman has played in two previous Skins Games, winning $90,000 in 1990 to finish second to Curtis Strange and being shut out in 1998 just months after having major shoulder surgery.
Parnevik is the rookie to the event this year.
Under the Skins Game format, each hole is worth a specified amount of money. A player only wins the money by winning a hole outright. If two or more players tie, or halve, a hole, the money carries over to the next hole.
More Golf Headlines