It was later recorded by American country-rock music group the Nitty Gritty Dirt Band, but using the shortened name "The Dirt Band." It was released in November 1979 as the only single and title track from the album An American Dream. The song reached number 58 on the BillboardHot Country Singles & Tracks chart, number 13 on the U.S. BillboardHot 100, and number 16 on the Adult Contemporary chart. In Canada, it reached number three.[2] The Nitty Gritty Dirt Band's version features a backing vocal from Linda Ronstadt;[3] as such, it is sometimes included in Ronstadt greatest hits collections, such as the 2014 Capitol release, Icon.
The labels on some of the 45 rpm records were reversed, so that "An American Dream" was labeled "Take Me Back" and vice versa.