Reprinted from yesterday's late editions.

Perhaps "Saturday Night Live" has stolen a goodly number of the Hexagon Club's punch lines this year, or perhaps the club is saving the best of its infamous musical-political satires for opening night next week, but the press review of excerpts from "Jest a Minute" Tuesday night at the Women's National Democratic Club was, while funny, less than rapier-tipped.

One would have thought that that the arrival of a new administration might have provided plenty of material for a lacerating good time, but except for a few timely Southern accents, a passing reference to "Carter's liver pills" and an admirably played cameo portrait of Henry Kissinger as an unredeemed workaholic out of work at the moment, the show aimed its barbs at such Washington institutions as Esther Peterson, the TV consumer voice of Giant Food; Bloomingdale's, and the apartment-dwellers tried-and-true answer to computer dating, the laundry-room hustle.

This is the 22d year for the Hexagon Club's benefit follies, a local tradition since the day when alumni of the Princeton Triangle Club decided to form a coed counterpart in Washington and, doubling the formula somewhat inaccurately, called it the Hexagon. The club has raised nearly $200,000 for various charities. This year's choice is the Florence Crittenton Home for women, established in 1887, according to the director, Rev. J. Edward Peery.

With a little more rehearsal time, a larger stage and the requisite setting and costumes, all of which should be available by opening night, March 10, in Trinity Theater in Georgetown, "Jest a Minute," should be comically worthy of Hexagon productions in past years. Tickets, at $50 a couple, are already sold out for the March 11 gala performance which Sen. and Mrs. Hubert H. Humphrey (D-Minn.) honorary chairpersons of the event, and other political notables are expected to attend.