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Swimmer Phelps Upset at Olympic Trials | Michael Phelps
SIDETRACKED: American swimming phenom Michael Phelps, 19, shown in all his Speedo-ed glory in the current issue of PEOPLE, was defeated by lanky California backstroker Aaron Peirsol, 21, Monday in a dramatic world-record-breaking 200-meter backstroke race on the sixth day of the U.S. Olympic swimming trials. Phelps, who next month in Athens hopes to beat Mark Spitz's unprecedented 1972 win of seven gold medals in Munich, finished Monday's match in Long Beach, Calif., in 1:55.86. Peirsol did it in 1:54.74, breaking his own record of 1:55.15.

ENHANCED: Jeopardy! champ Ken Jennings, 30, a Utah software engineer, continued his winning streak on Monday, and on Tuesday he will make his 30th straight appearance on the syndicated game show, where he has to date earned $972,960 (up from the record $920,960 he accumulated by last Friday). On Monday he also read the Top 10 list on the Late Show for host David Letterman – who, in the past, has jokingly accused Jennings of knowing the answers in advance.

REPLACED: Saturday Night Live alum Chris Kattan, 33, has been dropped from the soon-to-open Lincoln Center production The Frogs, which was to have marked his musical stage debut. He reportedly was delivered the news on Sunday by the show's director Susan Stroman, the Tony winner for The Producers. Roger Bart, a Producers veteran, will replace him. Kattan's lack of stage experience was said to be a cause. The show opens in a week and a half and stars Nathan Lane, who also contributed to the book, which is based on the Aristophanes play. Stephen Sondheim did the score.

SHIFTED: Effective immediately, Entertainment Tonight correspondent Mark Steines has replaced Bob Goen as co-anchor of the show, to sit alongside Mary Hart. Steines joined ET in 1995 as a correspondent and substitute anchor. In 1998, he added anchor duties at ET Weekend. Goen, meanwhile, had notified the show's producers that at the end of the season, in August, he wanted to pursue other career opportunities after 10 years at ET, according to the studio and Goen's spokesman. He reportedly has a development deal that could include game shows, reality series or any type of show with Goen "and a combination of stars" on camera.

RESUMED: After a long legal dispute that was eventually dropped, a sequel to the 1992 erotic thriller Basic Instinct is now on track, Sharon Stone tells Access Hollywood. Stone, 46, says, "We don't have a production schedule yet," but she denies that the film had been delayed by her purported list of demands. "Well funny enough, we are making the movie now, and nothing has changed, so there you are," she said.