GOOD MORNING: Elizabeth Taylor and Larry Fortensky have split. Although they call it a trial separation, he has moved out and is living separately from Elizabeth. They were married Oct. 5, 1991, having met at the Betty Ford rehab. Elizabeth, now recuping from her second hip surgery, is further delaying the launch of her latest scent, Black Pearls, for which a hefty campaign had been prepared … Sample of talk around town about the latest megadeal: “Eventually, there will be only one studio, making only one picture a year, costing a billion-$.” And, “How’m I gonna fill my time after the trial? It will leave a big hole in my day.” Those were a coupla quotes from guests at the party for Larry King given by Tita Cahn with this group of conversationalists: Warren Beatty and Annette Bening, showing baby pictures to Jack Nicholson, Warren also talking about doing two projects back-to-back. Billy Wilder (89) was saying he could not make a movie that cost $50 million. “I’m not that good!” The Frank Sinatras were there — he even sang a bit. Frank’s sporting a beard. Also there, the Tony Danzas — he was getting support from the celebs there who are also hounded on their home turf by photogs. Also there, George Schlatters, Cynthia McFadden, Carole Little, Jackie Collins and Frank Calcanini, the Marvin Davises and Mace Neufeld — ask Mace to tell about Tita Cahn’s coffee service to the early morning walking trio of Neufeld, Schlatter and Dan Tana. And, since the breakfast coffee incident, Cahn and Neufeld have been a dinner duo … Larry King’s date for the evening was Cyndy Garvey. King’s former fiancee, Deana Lund, was in Key Largo on a fundraiser for the Nicole Brown Simpson Battered Women’s Fund. Lund started the Victims of Violence group here a few years ago after she was victimized.

“I WANT TO BE CAREFUL about what I do to follow ‘Casino’ and ‘Nixon,’ ” said Jimmy Woods, another of the guests at the soiree for Larry King. Sure, he’s got a plethora of pic offers. He is serious about a couple. One is director John Dahl’s (“The Last Seduction”) thriller “A Simple Plan.” And TriStar’s Stacey Snider held a (Sunday) reading with Woods and Mare Winningham of Al Sargent’s “Time Flies” to be directed by Jon Avnet, produced by Laura Ziskin. It’s a highly dramatic story of a husband and wife, the latter dying of breast cancer. Woods says he has a great deal of affection working for projects under a women’s aegis — as in “Citizen Cohn”… Jerry Lewis (69) sounded like a kid as he enthused about the physical he just took –“I’m borderline perfection.” And his upcoming 40th Muscular Dystrophy Telethon starts here (from CBS’ Television City) 6 p.m. Sunday, airing locally on KTLA. As soon as he winds the fundraiser, Jerry heads home to Vegas, packs for three years touring “Damn Yankees” nationally and abroad, taking time off annually only for the telethons. No, he will not have time here for a stint in the “Nutty Professor” movie starring Eddie Murphy, although he was offered a professorial cameo with “Professor Klump” (Murphy). Ed McMahon again co-hosts with Lewis on the MDA telethon and Ed departs Tuesday for Europe with his family to recover, he said, from the grief of the death of his son Michael … Tony Bennett guests on “Cybill”– winding up in bed with Shepherd and Christine Baranski! … Dyan Cannon and producer-director Alan Moskowitz are pilot’ing “Life 101,” an ensemble sitcom for Rysher and the Producers Entertainment Group. APA’s Jim Kellem set the deal … Jimmy Darren, who made his directorial debut with “T.J. Hooker’s” final seg (and has had 45 jobs since), reunites with “Hooker’s” Heather Locklear as he directs his first “Melrose Place” seg.

LORENZ HART’S 100TH BIRTHDAY will be remembered at the Center Theatre Group’s Salon Taper IV, Oct. 2. Lyricist Hart’s songbook includes –“Pal Joey,” “On Your Toes,” “Babes in Arms,” “Lady Is a Tramp,” “Bewitched, Bothered and Bewildered,” etc. Peggy Grauman chairs and Michael Feinstein hosts for the fourth time. Susan Clines produces and Gordon Hunt directs. Ira Gershwin, Oscar Hammerstein II and Alan Jay Lerner were previous Taper salon honorees … Michael A. Lerner, son of Alan and Micheline L., will have his movie “French Exit” competing at Deauville and then at Toronto. The romantic comedy was written by Lerner and Daphna Kastner, with Lerner exec producing, Kastner directing … Rick Miramontez, who wound his successful stand at the Gardenia last week, returns Nov. 25, playing Saturdays until year’s end … Richard Gere, back from Outer Mongolia (!), was at Eclipse with Ed Limato … Michael Martin, formerly chef at the West Beach Cafe, joins chef Harry Klibing at the Bistro Garden, which is introducing a new “Bites” menu — nothing over $10! … Helen Slater and filmmaker-husband Rob Watzke welcomed daughter Hannah Nika W. Monday … When Donna Marie Asbury took her final bow as Belle in “Beauty and the Beast” at the Shubert, cast members-only saw this sign on the back of her costume: “Yes, I Am Pregnant!”

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