T he following are capsule reviews of this week's screenings at the AFI Film Festival of Los Angeles. Screenings take place at the Los Feliz Theater, 1822 N. Vermont Ave., Hollywood, except where noted. Tickets and information: (213) 520-2000 from 10 a.m. to 6 p.m. FRIDAY

"Bell Diamond" (U.S.A., 1986, 5 p.m.). Jon Jost is a film maker who makes Jim Jarmusch look as extravagant as the younger Michael Cimino. Budgets of $10,000 or less are not uncommon for his works--which beggar this frugality with uniquely moving portraits of contemporary America. Here, Jost shows the dissolving marriage of a troubled Vietnam vet--and draws it with honesty, passion and sympathy. The acting, in a lower-key Cassavetes vein, is sometimes remarkable--especially Marshall Gaddis as the vet. Here is an American director who deserves more attention. Recommended.

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