Packwood a Magnet For Contributions

Sen. Bob Packwood (R-Ore.), has raised $7 million for his reelection campaign, 700 times more than his challenger, Rep. James Weaver (D), who has raised $10,000.

Some Oregonians have raised the question of excess. Packwood, apparently, has been listening. He recently announced that he will no longer accept contributions from political action committees. When he made this announcement, Packwood already had received more than $1 million from PACs, more than any other 1986 Senate candidate. Packwood also challenged Weaver to take the no-PAC pledge. This astounded Weaver. He had announced in February he would not accept PAC money.

Packwood's aides say he is trying to defuse the money issue. Weaver says, "Packwood has shown himself to be an inept bungler. . . he's crazy to bring up his weakest issue. This is not the way to win a prizefight."

On the other hand, campaign finances aren't exactly Weaver's strong point. From 1981-84, he borrowed $81,900 from his congressional campaign funds, lost the money on investments in commodities futures and then wrote off the losses against a $24,000 loan he had made to his campaign committee in 1974. The House Ethics Committee is investigating.

Weaver, undaunted by Packwood's war chest, says, "I don't think you have to spend a lot of money." His campaign has $4,528 in the bank, and he confides, "If Packwood is going to get rough, who knows, I may spend all of it." The Pot and the Kettle

Sen. Alan Cranston (D-Calif.) is the latest incumbent to be scolded by an opponent for missed votes -- 347 since he was elected the last time, according to a television ad produced by the Republican Senatorial Campaign Committee for his challenger, Rep. Edwin V.W. Zschau.

Cranston is criticized in the ad, which began airing Friday, for missing key votes in 1983 and 1984 while running for president. The Cranston campaign noted that Zschau, who just won a tough primary that forced him to spend a lot of time campaigning, has an attendance record of 66 percent. This year Cranston's at 98 percent. Former Foes

New York media consultant David Garth, who worked against Gov. Mario M. Cuomo (D) in the 1977 New York City Democratic mayoral campaign and the 1982 Democratic gubernatorial primary, providing services both times to Edward I. Koch, most likely will be working for Cuomo in his reelection campaign this year.

Despite this history, Cuomo and Garth have long admired one another, and Garth has been an informal political adviser to Cuomo in the past few years. Once the details are worked out, according to Garth and Cuomo's son, Andrew, both say they expect Garth to be involved in the campaign. Biden Reaches Out

Sen. Joseph R. Biden Jr. (D-Del.) has been building political bridges. Bill Daley, son of the late mayor of Chicago and a political adviser to Walter F. Mondale in 1984, has joined the potential Biden presidential campaign as an informal adviser. What early strategic advice is he giving Biden? "I'm encouraging him to run," Daley said. Polls

A Democratic presidential trial heat in New Hampshire shows Sen. Gary Hart (Colo.) the choice of 42 percent of likely Democratic primary voters, followed by Massachusetts Gov. Michael S. Dukakis with 27 percent, Cuomo with 16 percent and former Virginia governor Charles S. Robb with 2 percent. Biden, Rep. Richard A. Gephardt (Mo.) and Gov. Bruce Babbitt (Ariz.) did not place. The May poll, taken by Brad Bannon, showed 9 percent undecided and 4 percent choosing none of the candidates. -- Maralee Schwartz