The fact that Hollywood likes to bury its mistakes as deeply as possible may explain why future film makers seldom profit from their examples. This July, Morrow will publish "Final Cut: Dreams and Disaster in the Making of 'Heaven's Gate' " by Steven Bach, who was its executive producer. Advance reports say that the chronicle of how the film's budget was allowed to escalate from $7.5 million to more than $36 million is reminiscent in approach (and probable effect) to that other business-side-can-of-worms tale of Hollywood, "Indecent Exposure."
EVENTS-- Today: 1 p.m., literary agent Sandy Watt and attorney Sue Grode speak at the West Coast Authors & Romance Enthusiasts meeting at Lincoln Park Center in Santa Monica (1130 Lincoln). . . . 2-5 p.m., Gregg Rickman autographs his "Philip K. Dick: The Last Testament" at Dangerous Visions in Sherman Oaks (13603 Ventura Blvd.). . . . 3 p.m., poets Martha Lifson and Dennis Phillips read at the Permanent Contemporary Art Gallery in Silver Lake (2901 1/2 Rowena Ave.), $3; 661-7197. . . . 4:30 p.m., poets Lance Jencks and Laurie Ann Fox read at the Hermosa Community Center, Room 7, Pier Avenue at Pacific Coast Highway. . . . 6 p.m., Allen Ginsberg reads from and signs his "Collected Poems" at A Different Light (4014 Santa Monica Blvd.). . . . 7-9 p.m., Ralph Blum ("The Book of Runes") guests at Bodhi Tree (8585 Melrose Ave.).
Monday: 3:30 p.m., a dramatization of Thackeray's "Vanity Fair" begins on KCRW (89.9 FM). . . . 7-9 p.m., Allen Ginsberg signs books at Annex Bookstore (8270 Santa Monica Blvd.). . . . 7:30 p.m., Robert Powell discusses his "The Blissful Life" at Carlsbad City Library (1250 Elm Ave.).
Tuesday: 1:30 p.m., Frances Kurilich reviews Updike's "The Witches of Eastwick" at Santa Monica Public Library (1343 6th St.). . . . 4 p.m., Allen Ginsberg reads at UCLA's Young Hall (2250); 825-4401. . . . 7-9 p.m., poets Clark Coolidge and Lauren Shakely read at Westwood United Methodist Church (10947 Wilshire Blvd.), $7; 825-9415. . . . 7:30 p.m., poets Pete Fairchild and Cynthia Tuell read at Claremont Books (126 Yale Ave.); (714) 624-0757.
Wednesday: 10:30 a.m., Serita Stevens discusses historical romances at the Fairfax Branch Library (161 S. Gardner St.); 936-6191. . . . 7-10 p.m., Marilyn Jensen chairs a fiction workshop on making characters come alive, at Community Services Building, Cerritos College Campus; 860-2451. . . . 7:30 p.m., Alice Adams ("Superior Women") discusses her life and work at the Pasadena Convention Center (300 E. Green St.), for the Pasadena Public Library; (818) 405-4069. . . . 8-10 p.m., Jon Breen ("Novel Verdicts: A Guide to Courtroom Trials") talks about mysteries for the Orange County Book Society meeting in the Spurgeon Room, Santa Ana Library (26 Civic Center Drive).
Thursday: 9 a.m., Judy Blume discusses her "Smart Money" on "AM Los Angeles" (KABC-TV, Channel 7). . . . 11 a.m., the Sisterhoods of Malibu Jewish Center and Kehillath Israel Synagogue sponsor a luncheon with Elinor Lenz ("Once My Child, Now My Friend"); call Andrea Wagner-Schwartz, 454-3133. . . . 9:30 p.m., Michele T. Clinton, Peter Haskell, Michael McLaughlin and Mark Witton read at Anticlub (4658 Melrose Ave.), $5.
Friday: 8 p.m., a celebration of poet Ezra Pound, with readers including Laurel Ann Bogen, Eloise Klein Healy, Harry Northup, Holly Prado and many others, benefiting Beyond Baroque, takes place at Beyond Baroque in Venice (681 Venice Blvd.). . . . 8 p.m., poet Deena Metzger reads at Woodland Hills Community Church (21338 Dumetz Place); call Sylvia Rosen, (818) 992-8699. . . . 10 p.m., Han Suyin ("The Enchantress") guests with Connie Martinson on Group W's Channel 10 and Valley Cable's Channel 57.
Saturday: 3-5 p.m., Doctors Robert Nemiroff and Calvin Colarusso ("The Race Against Time") guest at Warwicks in La Jolla (7812 Girard Ave.). . . . 7:30 p.m., Alice Bloch reads at A Different Light (4014 Santa Monica Blvd.); 668-0629.
FINALLY--Milt Rosen's "The Second Book of Insults" (Pinnacle: $2.50, paperback) includes such conversation stoppers as "he stays longer in an hour than most people do in a week," "she's not very photogenic, especially in person" and "she's not the girl she used to be, and she never was." That's Earl, brother.
Send material for Book Notes, including poetry readings, to Dick Lochte, P.O. Box 5413, Santa Monica, Calif. 90405 no later than 10 days before issue date.