Action Hero

"Indecent Proposal" and "Sliver" shared top dis-honors in nominations for the 14th annual Golden Raspberry Awards, better-known as the Razzies, announced this week.Both Paramount films received seven nominations, including worst picture, for the Academy Awards sendup that purports to recognize the year's worst achievements in film.Other multiple nominees include "Body of Evidence" and "Last Action Hero," with six apiece, and "Cliffhanger" with four. The three films also rounded out the worst picture field.

JURASSIC Park" is not the only film Hollywood types are talking about this summer. "Sleepless in Seattle," featuring views of our own photogenic city in many scenes, had a spectacular opening last weekend, bringing in $17 million. Jed Dietz, who helped found the new Producers Club of Maryland to encourage more film activity in the state, says that is a phenomenally successful first weekend for a film of this type.Meanwhile, Arnold Schwarzenegger's newest flick, "Last Action Hero," is turning out to be a major disappointment.

Don't expect to see the kind of gory scenes showing guts being spilled out of a scientist's stomach that were in Michael Crichton's book "Jurassic Park." Director Steven Spielberg's intention is to frighten audiences by suggestion -- a la "Jaws" -- in his $56 million movie version for Universal Pictures.And Arnold Schwarzenegger, the king of high-violence R-rated movies from "The Terminator" to "Total Recall" to "T2," is becoming a PG-13 man in his current picture, "The Last Action Hero" for Columbia Pictures.

On cable, the movie that made Arnold Schwarzenegger's career competes directly with one that almost derailed it. On broadcast TV, Fox breaks the rerun monotony with season premieres of two of its reality shows.* "NFL Football" (noon-3:30 p.m., WJZ, Channel 13) -- It seems almost unnatural to think about football in July, but today's the day that the San Diego Chargers and Atlanta Falcons suit up in the annual Hall of Fame exhibition game. ABC.* "Danielle Steel's 'Palomino' " (8 p.m.-10 p.m., WMAR, Channel 2)

New York -- Which script rules the current stock market -- the "Last Action Hero" or "Apocalypse Now"?From the start of this bull market in October 1990, individual investors have been stuffing their cash into stock-owning mutual funds. Thanks to their passionate enthusiasm, fund managers have picked up $82.1 billion so far this year, compared with $61.7 billion for the same period of 1992.Under the "Action Hero" scenario, this devotion to long-term growth should help stabilize the market when stocks turn down.

In one corner there's a 74-foot-long brachiosaur.In the other, a 75-foot-tall Schwarzenegger.It's the battle of the bigfoots, and it's coming to a multiplex near you.With Steven Spielberg's "Jurassic Park," the DNA-clone dino-fantasy adapted from Michael Crichton's best seller, and Arnold Schwarzenegger's "Last Action Hero," a slam-bang fantasy about a teen-ager who steps into a movie starring a pumped-up juggernaut (in one sequence, a giant inflatable Schwarzenegger...

The mega-budgeted, mega-noisy, mega-violent action film is about to meet an ending as tragic and predictable as that of a sidekick cop who loves his family and is mere days from retirement.That's the consensus of a handful of respected action directors and one producer."Action movies are sort of the bastard child of Hollywood," says Renny Harlin, director of such adventure films as "Cliffhanger" and "Die Hard 2: Die Harder." "All the studios want them, yet somehow they appear to be somewhat disrespectful of them.

Is Chevy Chase destined to be the next Dennis Miller?Mr. Chase, who left television in 1976 after one fantastic season on NBC's "Saturday Night Live," returns Sept. 7 with "The Chevy Chase Show," Fox Broadcasting Co.'s big-name bid in the late-night talk-show derby.In the years since, he has had what might politely be called a lucrative but unspectacular film career, starring in silly but fun "National Lampoon" movies, a couple of "Fletch" films, "Spies Like Us," "Three Amigos" and the best-forgotten "Memoirs of an Invisible Man."

There are at least two Nicolas Cage personae. One is the wildly eccentric, Oscar-winning character of Leaving Las Vegas, as well as similar loose cannons in Adaptation, Raising Arizona and Wild at Heart. The other is the action hero of The Rock, Con Air and Gone in 60 Seconds. National Treasure, which opened Friday, combines both of them. Cage plays an eccentric, scholarly treasure hunter who seeks riches possibly buried by our Founding Fathers, who wanted to prevent the booty from falling into British hands.

It's a bird! It's a plane! It's a skinny, balding guy in a red cape!When Nicolas Cage soars in "Superman Lives" next year, he will complete the stunning transformation of action heroes in the '90s. No longer are bulging biceps or a washboard stomach required to shoot guns, nor is the guttural utterance of such one-liners as "Hasta la vista, baby" or "Make my day" needed to make audiences scream.Instead, all you need is an Oscar-winning actor primed on independent films intoning: "Put the bunny back in the box!"