Elvis Presley isn’t just the King of...

Elvis Presley isn’t just the King of Rock ‘n’ Roll. Eleven years after his death, the legendary singer is also about to become the King of CD.

Presley now has 28 albums available in compact disc, which ties him with Frank Sinatra for fourth place among pop artists with the most CD collections. They trail the Rolling Stones (32 CD albums), and Willie Nelson and Diana Ross (30 each), according to the latest issue of the Schwann Compact Disc Catalog.

But Presley will leapfrog into first place on Oct. 3 as RCA Records releases five more Presley albums on CD. The releases will be highlighted by the sound track to the new film, “Heartbreak Hotel” (the album contains four Presley numbers) and, more important, “50 Worldwide Gold Award Hits--Volume 1,” a two-disc version of the vinyl and cassette package that was released in 1970.

“Worldwide,” which will retail for about $22, contains all but six of the 38 selections on last year’s “The Top Ten Hits,” a two-disc Presley retrospective, plus 18 tracks not found on that album. The latter range from key B-sides (including “I Was the One”) to choice singles that didn’t make the Top 10 (“Loving You” and “Kentucky Rain”).

The other CD releases: two of Elvis’ ‘60s gospel albums (“His Hand in Mine” and “How Great Thou Art”) and a 1971 Christmas album, “Elvis Sings the Wonderful World of Christmas.”

Don Wardell, director of catalogue music marketing for RCA, said the five new albums bring to 13 the number of Presley albums released this year in CD. The list includes some of Presley’s most popular sound tracks, notably “Loving You,” “King Creole” and “Blue Hawaii.”

And the supply is far from exhausted. There are more than 50 additional Presley albums that are still unavailable in CD--and Wardell is examining the catalogue to see which ones should be transferred next to CD.

BONUS TRACK I: The Psychedelic Furs and the Divinyls are two rock bands that continue to stir some critical and/or commercial interest, though neither has lived up to original creative promise. But that early ‘80s promise can be sampled on two recent CD releses: the Divinyls’ anxious “Desperate”--a 1983 debut collection that is part of Chrysalis’ Collector’s Choice budget series (under $10)--and the Furs’ “All of This and Nothing”--a full-price greatest hits package from Columbia that includes two bonus tracks and spotlights six songs from the British band’s first two, highly recommended LPs.