Of course there'll be some celebrating somewhere — before, during and after the Oscars — but it ain't the same. Graydon Carter tells me, "It's hard for this sort of  economic devastation not to affect almost any public get-together. And the Vanity Fair Oscar party is no different. We've moved it to the  Sunset Towers Hotel and it will be a smaller, more intimate affair than in previous years. And regulars will notice decorations from Oscar Parties past. Everything's being recycled — even the guests!"

Also, William Morris's Ed Limato again cancels his annual lavish — yet warm — party (his mom greets guests in the kitchen and Ed is always barefoot). Last year he called off his tented party when the strike cast its pall over the awards season. He now tells me he has decided not to hold a pre-Oscar bash again  this year. The reason is two-fold: the state of the community's emotions because of the international economy – -including the entertertainment community "and the threat of a strike again," he told me. "I hope to do it next year," he said positively, "when hopefully things will be better."

Meanwhile, a positive party note for the March 4 17th annual "A Night At Sardi's" fundraiser for the Alzheimer's Benefit at the BevHilton. Laurie Burrows Grad and husband Peter Grad created the event honoring her late father,  Abe Burrows, an Alzheimer victim. And all of Hollywood has contributed talents in reprising B'way musical hits — this is the second time for "Damn Yankees" which was the third BevHills-B'way mini-transformation. Each year is a smash! And I mean with funds as well. And this year Laurie is positive about a sellout again.

The show will include the cast of "The Big Bang Theory," Victor Garber and Sean Hayes reprising "There Goes The Good Old Days" with Lee Martino directing and choregraphing, Georgia Stitt, musical director. Imagine/NBC's "Friday Night Lights" will be honored for its shows on Alzheimer's and Fox Sports' Jason Kamins, David Hioll and Ed Goren honored for their Alzheimer's attention-getting on screen appearances. While Grad is confident her event will be a financial success, it's no secret many other fund-raising groups in the showbiz community will be having a touchier time.  

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