As a gracious gesture, perhaps, the University Theatre brought Harold Lloyd to the screen Sunday in the role of a Harvard graduate. "Professor Beware" is another of the bespectacled comedian's carefully planned slapsticks, this time about an egyptologist who notes a curious resemblance between his life and that of a legendary subject of Pharaoh. Adventures with hoboes, police, and Phyllis Welch finally lead Mr. Lloyd to the hilarious riot that habitually climaxes his films. It is amusing throughout and genuinely funny in spots.

The companion piece, "Sky Giant," is an unconvincing yarn about a school for transport pilots run by army men. The picture shows Harry Carcy, as head of the school, working Richard Dix and Chester Morris 24 hours a day, completely ignoring differences between military and civilian flying, and disregarding nearly all the federal laws governing the latter. Joan Fontaine registers the correct emotions.

Simplicity marks the newsreel, which is largely a collection of shots from all parts of the distressed areas of the seaboard. There is no "clever" photography or editorialized comment, yet these advance pictures give a vivid portrayal of last week's disaster.

Mickey Rooney makes a bow tomorrow in the best Hardy family picture to date; "Love Finds Andy Hardy."