Before there were the Real Housewives of New York, there were Truman Capote's Swans – a coterie of elite women who defined high-society New York City. This group included Barbara “Babe” Paley (Naomi Watts, who also executive produces), Slim Keith (Diane Lane), C.Z. Guest (Chloë Sevigny) and Jackie Kennedy's little sister, Lee Radziwill (Calista Flockhart).

After the publication of his career-making book, “In Cold Blood,” in 1966, Capote's celebrity was at its apex. He already was tight with New York queen bee Paley; he met Radziwill after she starred in his television version of the 1944 film Laura to mostly lukewarm reviews. From there, Capote ingratiated himself into the Swans' lives, documenting their many dramas and eventually turning them into a short book, “Answered Prayers.” When an excerpt from that book was published in Esquire, things began to unravel between him and the Swans, sending Capote into a spiral of self-destruction from which he would never recover.

FX's second installment of Ryan Murphy's anthology limited series, Feud: Capote vs. the Swans, captures those events. The eight-episode series also stars Demi Moore as Ann “Bang-Bang” Woodward, Molly Ringwald as Joanne Carson, Treat Williams as Bill Paley, Joe Mantello as Jack Dunphy and Russell Tovey as John O'Shea.

The above trailer, set to Linda Ronstadt's “You're No Good,” teases the cast and their transformations as everyone's relationships with the famed writer unravel.

Written for television by Jon Robin Baitz (Brothers and Sisters), Feud: Capote Vs. The Swans was directed by Gus Van Sant, Max Winkler and Jennifer Lynch. The show is executive produced by Murphy, Alexis Martin Woodall, Baitz, Van Sant, Dede Gardner, Jeremy Kleiner, Watts, Eric Kovtun and Scott Robertson. It is produced by 20th Television.

The first two episodes of FX's Feud: Capote vs. the Swans premiere Wednesday, January 31 at 10 p.m. ET/PT on FX and will be available to stream the next day on Hulu.