TODAY AT AFI FESTIVAL

F ollowing are The Times’ recommendations for today’s schedule of the American Film Institute Los Angeles International Film Festival, with commentary by the film reviewing staff. Information: (213) 466-1767. Highly Recommended:

“THE VOICE OF THE MOON”(Italy; director Federico Fellini; Music Hall, noon). Fellini’s reputation has dipped mysteriously in recent years, but “Moon,” based on a fanciful novel by co-scenarist Ermanno Cavazzoni, is a strong candidate for AFIFEST 91’s best movie. Set in a small Italian town, in a landscape dominated by spectral moonlight and brilliantly crowded day--with a story seemingly enclosed in dreams within dreams--it pivots on the usual Fellini theme: lovers, clowns and fantasizers (including wispy Roberto Benigni) vs. the world. Few Fellini admirers should be disappointed. His most costly movie, it’s also easily his most visually spectacular.