NEWSMAKERS: Hollywood Invades the Grammys

They might not win Oscars, but several singer/actors/divas are up for Grammys.

Nominations for the 42nd Grammy Awards, honoring the would-be best in music, were announced in Los Angeles today — and the list of hopefuls reads like a who’s-who in movieland, with Jennifer Lopez (“Out of Sight”), Courtney Love (“Man in the Moon“) and Cher (“Tea With Mussolini“) among those making the cut.

Here’s a look at some of the key Grammy races involving Hollywood types:

‘BELIEVE’ IT OR NOT: That infectious dance song you heard all last year, Cher’s “Believe,” set the stage for the Oscar winner (“Moonstruck“) to make her pop comeback. The Grammy people handed Cher three nominations, for Record of the Year, Best Pop Album and Best Dance Recording. Rivaling her in the Dance Recording category is Jennifer Lopez. Lopez‘s nomination is for “Waiting for Tonight,” off her multiplatinum debut album “On the 6.”

But hold on a sec, we’re not done yet — also nominated in that dance category is Gloria Estefan for the single “Don’t Let This Moment End.” Estefan‘s better known as a singer, but she made her feature-film debut in last year’s “Music of the Heart” with Meryl Streep. That film’s title track — a duet featuring Estefan and the boy band ‘N Sync — also picked up two nominations.

MOVIE MANIA: The Grammys honor movie tunes, too. Vying for the title of Best Score: “A Bug’s Life,” “Life is Beautiful” (which won the drama score Oscar last year), “The Red Violin,” “Shakespeare in Love” (which won the comedy score Oscar) and “Star Wars: Episode I — The Phantom Menace.”

Nominated for Best Film Song: Madonna‘s “Beautiful Stranger” (from ” “Austin Powers: The Spy Who Shagged Me“); Gloria Estefan and ‘N Sync’s “Music of My Heart” (“Music of the Heart“); Whitney Houston and Mariah Carey’s “When You Believe” (“”The Prince of Egypt“); Randy Newman‘s “The Time of Your Life,” (“A Bug’s Life“) and Phil Collins‘ “You’ll Be in My Heart” ( “Tarzan”).

As for soundtrack compilations, the Grammy contenders are: “American Beauty”, “Austin Powers: The Spy Who Shagged Me,” “The Matrix“, “The Prince of Egypt” and “Tarzan.”

Sorry, “South Park: Bigger, Longer & Uncut” didn’t make, um, the cut.

DIVAS, DIVAS EVERYWHERE: Whitney Houston (“Waiting to Exhale“) scored a total of four nominations, including R&B nods for her cuts “Heartbreak Hotel” and “It’s Not Right But It’s OK” (perhaps an apt reference to the box-office disappointment of her last flick, “The Preacher’s Wife“). Courtney Love, meanwhile, received a best rock-group performance nod for the Hole song “Malibu.”

And let’s not forget the men: Will Smith (“Wild, Wild West“) furthered his multi-media lifestyle with a nod in the Best Rap Solo Performance category.

GOD AND THE VIRGIN: Madonna (a Golden Globe winner for “Evita” and Grammy winner for her last CD, “Ray of Light”) will look to add to her trophy collection with “Beautiful Stranger.” The song was nominated for Best Female Pop Vocal Performance — a category that pits the Material Girl against Alanis Morissette (who went God in “Dogma“) and pop princess Britney Spears, who isn’t an actress — yet. Read on.

FILM ME BABY ONE MORE TIME: Britney Spears, at age 18, is sitting pretty with the highest-selling teen-female album in history (10 million copies sold of “… Baby One More Time”). But it’s not enough.

“I really want to do a movie,” Spears says in the February issue of Teen People. “There are, like, 20 scripts waiting for me — I get some really good scripts — but I haven’t taken them seriously because I knew I didn’t have any time.”

But unlike her celebrity life so far, Spears’ movie roles don’t have to be in the spotlight.

“To go all out and have the lead role — I’d be scared having that much pressure on me,” she says. “It would be fun to do a teen movie — maybe a good supporting role where I could show my acting ability.”