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Dec. 20

The much-anticipated follow-up to Anderson's critically hailed ''Boogie Nights'' -- the movie that made Marky Mark a big deal (at least in its last scene).

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SPLITTING HEIRS ''Magnolia'' clan members Moore and Robards

Peter Sorel

''I'm going to get final cut once in my career, so I might as well abuse it to the hilt,'' says the 29-year-old director. Exactly how he'll abuse it isn't entirely clear, though we do know, based on ''Boogie Nights,'' that Anderson isn't afraid of complicated story lines or sprawling running times. Nor does he shy away from risqué subject matter. But Anderson, who also wrote the script, is keeping ''Magnolia'''s plot details double top secret.

This much we do know: The film is set in modern-day San Fernando Valley, takes place over the course of 24 hours (except for a 15-minute prelude set at the turn of the century, which Anderson filmed using an old-fashioned hand-crank Lumiere camera), and features a brief cameo by Tom Cruise.

''It's about family relations, how they need to be mended -- or broken, depending on your point of view,'' is all Anderson will (cryptically) reveal. Hall (who'll also appear in ''The Talented Mr. Ripley'') isn't much help either: ''It's a multiple-story format, with about five different plotlines running through it,'' he says. ''It's a little like Robert Altman's 'Short Cuts'... but that's really all I can say about it.'' BUZZ FACTOR: 7

See the movie trailer for ''Magnolia.''