Klaus Maria Brandauer and Alec Baldwin have been signed by Paramount Pictures to star in "The Hunt for Red October," based on Tom Clancy's best-selling novel.

John McTiernan will direct the spy drama from a screenplay by Larry Ferguson and Donald Stewart for producer Mace Neufeld."The Hunt for Red October" involves a deadly battle of wits between a CIA analyst and a Russian. Brandauer plays the captain of a Soviet nuclear submarine and Baldwin is seen as the CIA man.

-Julie Andrews will record a special Christmas album for Hallmark Cards to be released for the 1990 holiday season, more than a year and a half from now.

The album will feature a selection of traditional and international Christmas songs and will showcase the title song from her ABC-TV special, "The Sound of Christmas."

-Actor Ted Danson and producer Dan Fauci in association with Paramount Pictures have purchased the screen rights to novelist Peter Barsocchini's "Ghost," to be published later this month.

The story deals with a fictitious Los Angeles Laker basketball flash who discovers some unsavory facts about his family's history.

-Robert Duvall, Amy Irving, Andy Garcia and Lou Diamond Phillips will star for Golden Havest Productions in "Show of Force" beginning in June on location in San Juan, Puerto Rico.

The $12 million film, to be directed by Bruno Barreto for Hong Kong-based Golden Havest, is taken from the Anne Nelson novel "Murder Under Two Flags."

The story deals with the true account of an American journalist who uncovered a government and police conspiracy in Puerto Rico in the late 1970s to murder students forced to commit acts of terrorism.