Variety reports that five weeks before production was scheduled to begin on the Spyglass-financed remake of Bunny Lake Is Missing, Reese Witherspoon abruptly dropped out of the film, much to the chagrin of director Joe Carnahan.

Beyond the late notice, the exit is surprising because Witherspoon and Type A Films partner Jennifer Simpson were aboard to produce with Mark Gordon.

Spyglass is scrambling to find an actress to replace Witherspoon, but chances are the start date will have to be pushed.

The Columbia Pictures release has been in the works for three years. Written by Pulitzer Prize-winning playwright Doug Wright, the movie is based on the 1965 Otto Preminger film about a woman who reports that her daughter Bunny Lake is missing — only to be confronted by charges that she never existed.

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On March 6, Reese attended the P. S. Arts Bag Lunch. She was photographed with Zooey Deschanel. L.A. socialite Colleen Bell, hosted the fourth annual event at her Bel-Air home with Elizabeth Stewart from The New York Times and C Magazine’s George Kotsiopoulos.

With 100 percent of the proceeds going to arts education for California’s public schools, attendees Reese Witherspoon, Zooey Deschanel, and Kristin Davis could feel good about spending big. After raising $180,000, everyone grabbed a “brown-bag lunch” filled with a Cobb salad or a gourmet sandwich and headed to the garden, where, Bell notes, “lots of sangria with fresh fruit” was served.

First of all, the forum is back after a quick server change. Be sure to head over there to talk about the latest Reese news, including her dropping out from Bunny Lake.

I have updated the gallery today with scans from People’s Style Watch – March 2007 (thanks to our very own Walktheline80) and People – March 12, 2007 (thanks to Sammie), which features a great article on the making of Reese’s Nina Ricci Oscar gown. I’ve also uploaded some great HQs from various public appearances from throughout the years. Log in and view all of them here.

Last but not least, be sure to visit our Site of the Month, Filip’s lovely Salma Hayek Web!

"And last week I saw Cameron Diaz at Fred Segal, and I talked her out of buying this truly heinous angora sweater. Whoever said orange was the new pink was seriously disturbed."

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