Walt Disney Co. kingpin Jeffrey Katzenberg - living by the austerity dictum he laid down in a leaked memo last winter - has dumped plans for the movie "Evita" with Madonna as star.

Disney refused to spend more than $25.7 million, well short of the $29 million budget planned by producer Robert Stigwood, who is working with composer Andrew Lloyd Webber on the project.The decision leaves the fate of "Evita" in doubt and sees Madonna join Liza Minelli, Bette Midler, Meryl Streep and Barbra Streisand on the list of frustrated Evita wannabes.