West Meets East Note: One of Los Angeles' major landmarks is not a tall building or a great mansion, it is a record store, Tower Records on Sunset Boulevard. The one-story building is located by the famous billboard on the edge of the parking lot. The Tower Records chain is now planning to move to New York and open what would be the world's largest record store, an 18,000-square-foot emporium in an as-yet-undisclosed spot in Manhattan . . .

Vatican Treasures Note: Earlier this week, Phillip Morris Inc. presented a check for $1 million to the Metropolitan Museum of Art in New York. The check represents the first installment on a gift of $3 million to fund a U.S. tour of art from the Vatican, which will begin at the Met next February . . . Among the works to be shown for the first time in this country are Leonardo da Vinci's "St. Jerome" and Caravaggio's "Entombment." . . .

It Was Inevitable Note: The Universal Pictures film version of Joseph Papp's production of the "Pirates of Penzance" with Kevin Kline, Angela Lansbury and Linda Ronstadt will debut on pay TV at the same time it opens in the nation's theaters next February. The original release date for the flick was around Christmas, but MCA Inc., Universal's parent company, put off the premiere hoping to take advantage of a projected 50 percent increase in the number of pay-cable subscribers in the next eight months . . . Theater owners are not amused. They issued a statement calling the idea "a serious threat to the entire industry" . . .

It's a Wrap Note: Christo, avant-garde artist from Bulgaria, finally has been given permission by Florida Gov. Bob Graham for his long-planned project: dressing a group of islands in Miami's Biscayne Bay in carnation-pink plastic tutus. The artist plans to ring 10 islets in the bay in 6 million square feet of polypropylene. The 200-foot-wide skirts would float on the water and would be anchored to the shallow water bottom . . . Estimated cost of the project is $1.5 million, with Christo footing the bill . . .

Whatever Happened To Note: The Judy Garland footage from "Annie Get Your Gun?" The late star was fired from the lead in the film of the Irving Berlin hit and was replaced by Betty Hutton. One source in New York says the footage turned up recently on screen at the Thalia, one of Manhattan's most venerated film revival houses. Garland is said to sing like an angel, but looks fat and bloated. When is it scheduled to be shown again? In a telephone conversation, a gentleman who would only identify himself as Richard of the Thalia told a caller he didn't know what he was referring to. Really? Are you sure? Well, "I just can't say anything about it."