A MIND IS A terrible thing to waste. Unless you plan on becoming one of Hollywood's elite, in which case, why waste time on a silly thing like education? A glance at this year's power list reveals a smattering of unlearned success stories. Then again, who's to say scholastic achievement is a prerequisite for acquiring power? After all, it was pop-culture nemesis -- and former Vice President of the United States -- Dan Quayle, a law school graduate, who said, ''What a waste it is to lose one's mind. Or not to have a mind. How true that is.'' Uh, anyway...

-- Albert Kim, with additional reporting by Kipp Cheng and Curt Feldman

[BOX]

BIG SHOT EDUCATION LEVEL INCOME*

Edgar Bronfman Jr. Graduated from high school $1.7 [1]

Bill Gates Dropped out of Harvard $0.4 [1]

Steven Spielberg Dropped out of Cal State Long Beach $120

Tom Cruise Graduated from high school $18 [2]

Tom Hanks Dropped out of Cal State Sacramento $36

Jim Carrey Dropped out of high school $29

Demi Moore Dropped out of high school $12

Julia Roberts Graduated from high school $12 [2]

Sylvester Stallone Dropped out of University of Miami $34

Clint Eastwood Dropped out of L.A. City College $18 *ESTIMATED GROSS EARNINGS FOR 1995, IN MILLIONS [1] SALARY AND BONUS FOR FISCAL YEAR 1995 [2] ESTIMATED EARNINGS FROM LATEST FILM DEAL


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