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MOVIES - Nov. 4, 1992

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

Money Tree: A total of $50,000 in grants will be awarded this year by the Academy Foundation, the cultural arm of the Academy of Motion Picture Arts and Sciences. The largest grant, $17,500, will go to UC Santa Cruz toward a project designed to preserve the films of Oscar-winning Indian filmmaker Satyajit Ray. Other recipients ($5,000 each) include the Los Angeles Film Institute, New York University’s Tisch School of the Arts, Writers Workshop of Los Angeles and the University of Southern Mississippi.

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