In summer 1998, Roundabout Theatre will devote an entire "revuesical" to the songs of Burt Bacharach and Hal David, but New Yorkers can get a taste of their and others' 1960s lite-pop tunes at a new "Rainbow & Stars" cabaret revue opening Nov. 18. Loungeville, Volume I...Music To Watch Girls By will celebrate "the 1960s cocktail era" with "song stylings" by Bacharach & David, John Barry, Ray Conniff and Henry Mancini.

Tunes from the Austin Powers-era will include Mancini's "Moon River," "Days Of Wine And Roses," "Alfie," "Dreamsville" and themes from "Peter Gunn," The Pink Panther and, of course, Mr. Yunioshi. Setting the songs will be the six-piece combo, "Sonic Wallpaper," under Joe McGinty's musical direction.

Directing this groovy evening will be Ted Pappas, whose recent directorial credits include Kiss Me Kate and Promises, Promises, both at CT's Goodspeed Opera House.

A swingin' quartet o' Broadway babies will also park their c and abooses in the lounge: Ellen Foley, who appeared in My Favorite Year and Leader Of The Pack, (Remember her singing with that hepcat Meatloaf on "Paradise By The Dashboard Light?"); Jessica Molaskey, who woke up last season's Broadway musical, Dream; Richard Muenz, a Nick And Nora / Closer Than Ever kind of dude; and film actress Linda Hart (Tin Cup, A Perfect World).

In keeping with Rainbow & Stars' cabaret atmosphere, martinis (shaken, not stirred) will be served. For tickets ($40) and information on Loungeville, which runs to Dec. 6, call (212) 632-5000.

-- By David Lefkowitz