Jim and Tammy Faye Bakker may have a long hard road coming back from their fall from the PTL television ministry, but they won't starve. Tammy Faye is getting back into the record business. She has begun work on a new gospel record tentatively titled "Singing in the Rain." She has had several big-selling religious music albums in the past that she and her husband promoted over the PTL network.

In a radio interview in Nashville over WSM-FM, Tammy said the Bakkers have a number of plans for the future. "We'll be definitely going back on TV," she said. "The only problem is we don't know the timing right now. We've had offers all over the country. I think that before we go back on TV we'll probably be going on tour all over the United States."

And the Bakkers aren't the only ones on the comeback trail. The Rev. Richard Dortch, former president of their electronic ministry who was fired in the wake of Jim Bakker's sex scandal, is coming to town. Dortch will be making his first public speech since leaving PTL when he discusses televangelism's "Holy Wars" and the future of television ministries Sept. 9 at American University.

Out and About The first lady's birthday may be July 6, but this year's celebration with California friends will be held tomorrow. For the past 15 years, friends of the president and Nancy Reagan have gathered at the Reagans' California ranch to celebrate her birthday at an informal luncheon, usually hosted by longtime friends Earle and Marion Jorgensen and former envoy to the Vatican William Wilson and his wife Betty. The Reagan sons, Michael and Ron, and their families are expected, but the daughters, Maureen and Patti, are traveling and won't be there. The 40 to 50 people invited are expected to include longtime friends such as USIA Director Charles Z. Wick and his wife Mary Jane, Betsy Bloomingdale and former ambassadors Walter and Leonore Annenberg ...

Saudi arms merchant Adnan Khashoggi, often described as one of the richest men in the world, has been having money problems lately, apparently because of losses suffered as middleman in the secret arms sales to Iran. It seems that things have become so tough that he is tightening his belt by putting his 282-foot yacht Nabila up for sale at a cut-rate $35 million. Advertisements were placed in U.S. and European business papers this week for the seven-year-old vessel. The ship, currently anchored in the Mediterranean port of Antibes, France, is modestly outfitted with 11 suites, a disco, an operating room, a helicopter landing pad and a special deck for barbecues, and has been the scene of many glittery parties. The brokers handling the sale believe the $35 million asking price is such a great deal they expect a quick sale ...

Hospital report: Labor Secretary William E. Brock was discharged from Georgetown University Hospital yesterday. He underwent surgery Tuesday to repair a detached retina ... Rep. John Dingell was to have been discharged from Georgetown today. He had hip replacement surgery Aug. 10 and will be recovering at his McLean home. The Michigan congressman, who worries about such things, said yesterday his doctor has assured him that all his new parts were made in the U.S.A. with extended warranties so he "could expect unlimited mileage on the new hip" ...

Andy Ockershausen, Channel 50's new general manager, looked at yesterday's movie schedule and noticed one on his station entitled "Mid Air Collision." In light of recent news stories and the fatal crash in Detroit, he canceled it and substituted a Cary Grant movie ...

The National Theatre's recent run of "Cats" may be playing to standing-room-only audiences, but there were a number of empty seats Wednesday night until a group of 10 Soviet teen-agers, four interpreters and 13 chaperons showed up. The group of Soviets had flown 17 hours nonstop and arrived at the theater 20 minutes late. They are in the country on a tour sponsored by the YMCA, and as part of the visit will go to Hallowell, Maine, the home of the Samantha Smith Foundation. The foundation was established in memory of the American teen-ager who visited the Soviet Union to discuss peace at the invitation of then-premier Yuri Andropov ...