THE LAST DAYS OF DISCO (R) Whit Stillman's characteristically discursive drama re-creates with tender rue the days of loud music, loose drugs, and doormen standing sentinel behind velvet ropes. It's a thoughtful study of decency and sin, loyalty and sex, friendship and socioeconomics, as manifested by articulate, attractive WASPs. But it's no tedious sermon, not with Kate Beckinsale and Chloe Sevigny as publishing-house underlings who share a shabby Manhattan apartment and a circle of disco-loving friends. A-


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