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By JAY BOBBIN Best Actor. That competition also includes: as the cranky yet lovable husband in "On Golden Pond”; Burt It's time once again for to roll out the red carpet. Lancaster as an aging gangster finding a new meaning to life CTV to turn on the floodlights, and the movie industry's top in "Atlantic City"; as the incredibly wealthy and stars to put on their fanciest attire. The 54th annual Academy eternally drunk playboy "Arthur", and as an Awards presentation takes place on Monday. March 29, and innocent citizen implicated by a newspaper article about his courtesy of television, millions the world will enjoy the rumored criminal activities in “Absence Of Malice.” glamor and suspense of the event. 's role as Fonda's determined and de­ With several of this year’s nominees certain bets to be in voted wife in “On Golden Pond" paces the Best Actress the running, few surprises were also in store when the nominees. The others are Diane Keaton as , official lineup of contenders was announced in February. At John Reed's girlfriend and eventual wife, in "Reds"; Marsha this point, the general feeling within the entertainment world Mason as the alcoholic actress reunited with her long- indicates that one film could well sweep the major honors estranged daughter in "Only When I Laugh"; Susan Saradon “On Golden Pond" the sensitive story of an elderly couple as the gangster's romantic interest in "Atlantic City"; and coming to terms with the concept of death during a special as “The French Lieutenant's Woman," a com­ summer at their New Hampshire cabin. If that picture cap­ plex role that had her playing both the title role and the tures the top award, its director Mark Rydell is bound to pick actress playing the part. up the Oscar in his category as well. Other movies nominated for Best Picture include: “Char­Before the nominations were announced, many predic­ iots Of Fire," the British production about two marathontions pegged previous Oscar winners and rurners in training for Olympic competition during theFaye 191 Dunaway Os: as “shoo-in" nominees for their strong per­ "Ragtime," another early 20th-century taie of variousformances perso­ in, respectively, “ Whose Life Is It Anyway?" and nalities — both real and fictional — who made significant“Mommie Dearest." Especially in those two cases, the marks on their era; “ ," the adventure-Academy of Motion Picture Arts and Sciences demonstrated packed salute of the classic Saturday afternoon serialsthat of theit can still pull off surprises when it comes to the Oscar ‘30s and '40s, centering on a race between the Nazis andraces. a fearless archeologist to locate a celebrated artifact: andThe Best Supporting Actor battle includes: James Coco for "Reds," the epic tale of journalist John Reed's battle in Onlythe when I Laugh"; in “ Arthur"; in early 1900s to improve life for the common working manChariots on Of Fire"; in "Reds"; and Howard F. two continents. Rollins Jr. in "Ragtime"; The Best Supporting Actress race ’s work on the lengthy and sweeping ''Reds"features Melinda Dillon in "Absence Of Malice"; earned him three separate nominations, includingin one "On for Golden Pond"; in "Only When I Laugh"; Elizabeth McGovern in "Ragtime"; and Maureen Stapleton in "Reds". It's obviously another star-studded bid for the Oscars. CTV willtelevise all the excitement live from the Dorothy Chandler Pavilion in , where will encore as master of ceremonies. This is the event that many celebrities — and many viewers — await each year, and it promises to be no less thrilling than its colorful predecessors.

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