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MOVIES - March 5, 1992

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<i> Arts and entertainment reports from The Times, national and international news services and the nation's press</i>

Thumbs Up: Thumbelina may just be a tiny slip of a girl, but MGM is hoping she’ll bring big bucks at the box office. The studio has signed animator Don Bluth to make “Thumbelina,” a film based on the Hans Christian Andersen character, as part of a three-picture deal. The other two: “A Troll in Central Park,” about a troll who creates flowers with a touch of his hands, and “The Pebble and the Penguin,” a musical adventure about a penguin who battles the elements and enemies to return to Antarctica.

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