Timothy Leary : The CD referred to above is You Can Be Anything This Time Around, released in 1970. It really does have Jimi Hendrix on bass, as well as Stephen Stills and John Sebastian on guitar, and Buddy Miles on drums.
The release contains three tracks, Live and Let Live, You Can Be Anyone This Time Around and What Do You Turn On When You Turn On. The cover art says boldly, DANGEROUS ALBUM.