Bill And Hillary's New Year's Eve

By John Greenwald

HOW WILL THE PRESIDENT-ELECT AND THE FIRST LADY-IN-waiting celebrate the last night of 1992? The same way they have spent every New Year's Eve since 1981, when Bill and Hillary Clinton joined fellow rising stars at Hilton Head Island for a RENAISSANCE WEEKEND of high-minded chat and a chance to bask in one another's glow. Sound like fun? This year a mob of 1,200 pols and aspiring Friends of Bill are clamoring for invitations to the exclusive camp, where 100 favored families will take part in seminars that last year ranged from "Our Fragile Planet" to "Building an Inner Life."