Posted: Sun., Feb. 27, 2000, 11:00pm PT

Oscar Watch

Reeves to present

By Variety Staff

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Keanu Reeves has been tapped for a second time as an Academy Awards presenter. Reeves, who starred in 1999's "The Matrix," will next be seen in "The Replacements" this summer.

And this year's Governors Ball will receive a new look. The design plans include an entire ceiling draped with billowing white parachuting, which will be illuminated by projected images of molten lava and ocean waters.

The 72nd annual kudocast will be broadcast live by ABC on March 26 from the Los Angeles Shrine Auditorium.