First Lady’s in the Market for the Next Summit Site

--Nancy Reagan said she wants to show Soviet leader Mikhail S. Gorbachev and his wife, Raisa, how open American society is when they come to the United States, and she might even take them to a supermarket. The First Lady said the next summit meeting--to be held at an unspecified date in the United States this year--will provide a chance for the Gorbachevs to see “how our people live, the openness of it.” Mrs. Reagan added: “I don’t want them to think that we’ve set things up, prearranged things.” For that reason, she said, she’s considering having the Soviet leader and his wife “drop into a Safeway.” That way, she said, “they can see all of the people.” On another matter, speaking a day after she and her husband watched a videotape of their son hosting “Saturday Night Live,” Mrs. Reagan said young Ron’s performance showed that he has “a nice sense of humor” and, “I thought he was very good.” The President’s younger son did a takeoff from a scene in the movie “Risky Business,” dashing through the White House in his underwear. The Reagans had never seen the show before, but, Mrs. Reagan said with a bemused smile, “I thought it was funny and I thought it was very good.”

--”Dynasty” star Joan Collins and her partners collected more than $200,000 in partial settlement of a suit over royalty payments from “The Stud,” the 1978 film that revived the 52-year-old actress’s career. As Collins’ suit was about to go before the High Court in London, the film group Brent Walker Ltd. offered the settlement of a $206,126 interim payment and $56,000 for an independent account of the film’s profits to determine how much more is owed.

--Candy, cards and flowers are routine for Valentine’s Day this Friday, but Mayor Don Schaefer has another idea: “If there’s a pothole in the City of Baltimore which offends you, have it filled with asphalt and admiration for the ones you love.” His “Be Sweet to Your Street--and Your Sweetie” project, in its third year, includes a $5 tax-deductible donation to fill a pothole, a pink heart painted next to it and a handmade card bearing an original rhyme that has the giver’s name and location of the pothole. Another bonus: A chance for the giver and recipient to win a shiny new red car on April 15.