Found this:
"ROSIE
Rosie is the 15-month-old daughter of two friends of mine. She has cerebral palsy. She also has courage, determination, a sense of humour, big innocent eyes and curly hair. In short, she's a sweetie. She also has her father's nose, which may well be her biggest handicap. The nose notwithstanding, I'm betting that she'll grow up to be quite a woman. I'm looking forward to being around to see it." (liner notes)

It's on the album "Something of Value", but did not find lyrics.