By Guy D. Garcia

In Hollywood it was being kicked around as "Bo's boo-boo." And for a while it did appear that Bolero, the latest eyebrow-raiser starring the original 10, Bo Derek, 27, and directed by Husband John Derek, 58, might never be released. The reason: Israeli Executive Producers Menahem Golan and Yoram Globus, who sank $7 million into the film, and MGM/UA, the studio set to distribute it, found the story of Bo's fling with a seemingly impotent Spanish bullfighter overstacked with single entendres. The Dereks were asked to cut some of the steamier scenes in order to avoid an X rating, and they snipped ten minutes of dialogue. After a compromise deal the film opened last week nationwide with a righteous 17-and-older restriction. After all, says Golan, "we and the Dereks don't make movies to keep them on the shelves. In Europe, this kind of film is considered Walt Disney."

The photographs showed a bikini-clad Princess Stephanie, 19, and Anthony Delon, 19, the bad-boy son of French Actor Alain Delon, frolicking on the beach "in tender insolence." But to Monaco's royal family the only insolence was in the behavior of Paris Match. The Aug. 17 issue featured an eight-page spread detailing the triangular affair of Princess, Delon and her longtime boyfriend Paul Belmondo, 21, son of the actor Jean-Paul. The palace went to court, claiming an invasion of privacy, but a French judge refused to stop publication. Huffed Nadia Lacoste, spokeswoman for the Grimaldis: "I don't think anyone tracks gangsters the way they go after the family." Paris Match returned the fire: "If one wants to be private," says Deputy Editor Patrick Mahe", "one doesn't go to a swimming pool on the beach at Monte Carlo."

The coup de grace came last week when the magazine featured six pages of swimsuits worn by such notable nobles as--exactement--Princesses Caroline and Stephanie.

"Men get intimidated by me. That is very bad." So sighs Nastassja Kinski, 23, about her failed romances. On screen, art imitates life. In Maria's Lovers, shown last week as the opening feature of the Venice film festival, Kinski plays the granddaughter of Eastern Europeans who is smitten by a naive Midwestern boy, played by John Savage, 35. While her sweetheart is away fighting in World War II, Maria becomes involved with another man. This sets the stage for what Kinski found to be "the most difficult scenes: where Maria's returned sweetheart cannot make love to her because he loves her too much. They become crazy from this." Eventually, Maria is forced to seek other suitors, played by Robert Mitchum, 67, and Keith Carradine, 35. They have better luck, but little staying power. Soviet Director Andrei Mikhalkov-Konchalovsky concludes, "Nastassja is very frail, yet very strong."

Courtiers at the U.S. Open in Flushing Meadow, N.Y., last week could easily get the impression that the only kind of purses women tennis players think about are the ones that go to the winners. Wrong. The proof lies in the pages of "Women in Tennis," a 1985 calendar produced by the Women's Tennis Association. It serves up 15 players from around the world, including Martina Navratilova, 27, and Chris Evert Lloyd, 29, in a flattering array of off-court couture. The profits from the calendars, priced at $10 each, will go to the W.T.A., which takes care of such things as players' health plans and tournament costs. Cover Girl Evert Lloyd thinks they might grant some additional benefits. Says she: "This way, people will be seeing women tennis players as women and not only as athletes." Evert Lloyd's colleagues obviously agree: there are already 68 applicants for the 1986 edition.

--By Guy D. Garcia