Giuliana & Bill Rancic Are 'So in Love' with Newborn Baby Edward

08/30/2012 at 02:45 PM EDT

Giuliana Ranic's Baby Edward Born; E! Host Is 'So in Love' with Son
Giuliana and Bill Rancic
Scott Kirkland/PictureGroup
Giuliana and Bill Rancic were smitten at first sight.

The happy couple, who welcomed their first child Edward Duke Rancic via gestational surrogate on Wednesday, are eager to express their joy.

"Bill and I are blessed beyond words to welcome Edward into our lives," Giuliana, 37, tells E! News. "Thank you so much to everyone who supported us along the way. We are so in love with the little guy already!"

The "beyond elated" pair, Giuliana says, has already given their little one his first bath.

She adds: "[Edward] is doing incredibly well."

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