This song (not to be confused with "You and I" from The Monkees' Instant Replay LP) was written by Davy Jones & Micky Dolenz and appeared on the 1996 Monkees album, Justus, the last to feature all four Monkees.
"You and I" was originally released on the Dolenz, Jones, Boyce & Hart LP in 1976 in a different arrangement with Micky singing the lead vocal. It was also the B-side to the "I Remember the Feeling" single.
Recap: Monkees Farewell Tour
Dolenz sings Nesmith