The Lyric Stage's Presentation of Beauty goes up this weekend at 54 Charles St., in Boston. a twisted musical version of the traditional Beauty and the Beast legend, David Elliott and Barbara Phanuef's production is sure to draw large crowds for the modern version of the ancient fairy tale. Tickets are $12-$15. Telephone 742-8703.

Can't get enough of Otis Redding and Jimi Hendrix on the old record player? Never fear, the two rock heroes are captured on film with the screenings of their 1967 pop festival performances, "Jimi Plays Monterey" and "Shake: Otis at Monterey" at the Museum of Fine Arts' Remis Auditorium, 465 Huntington Ave. Showtimes at 5:30 and 7:30 p.m. Tickets $4, and $3.50 for students and elders. Telephone 267-9300.

The Wang Center's audience participation musical "The Mystery of Edwin Drood" opens tonight at 268 Tremont St. in Boston. Starring Jean Stapleton and Clive Revill, the whodunit has perfomances at 8 p.m. on Friday and Sunday at 7:30 p.m. Matinees Saturday and Sunday at 2. Tickets at $17.50 to $32.50. Telephone 787-8000 for details.

Catch the "Murder at Rutherford House", a new concept in Broadway performances. A shot is heard and a body is dropped, and when the clues start arriving, so does the meal. Tickets for this so called bargain of the month are $32.50 and $26.30 for students. Performances Fri. and Saturday at 8 p.m., and matinees on Thursday, Saturday and Sunday. 246 Tremont St., Boston. Telephone 426-2288 or 426-1988. 6

The Empire Brass Quintet will perform classical chamber pieces at the Heritage Plantation of Sandwich, 130 Grove St. Tickets for the 7:30 performance will be $6, and $5 for elders. Children under 12 get in for $2.50 and under 5 are free. Telephone 508-888-3300.

Boxboro becomes home to the Beaverbrook Bluegrass Festival this Saturday at the grounds of the Harvard Sportsmen's Club off Whitcomb Avenue, near Routes 2 and 495. Slim Clark will show off his yodeling skills and Bear Acker and billings Gap will be featured, too. Tickets Ave $10 on Saturday and $5 after 6 p.m. Sunday tickets are $9, and $16 gets you in for the whole weekend of fun. Saturday hours are noon- 11 p.m., and Sunday from 10 a.m. to 6 p.m. Telephone 617-871-8020 or 603-532-9440.

The Boston Afro-American Artists Association holds its annual outdoor exhibit, Sunday in the Park, a day early this year in Horatio Harris Park, at Townsend Street and Walnut Avenue, Roxbury. Hours Saturday and Sunday from 9 a.m. to 6 p.m. Rain dates, August 14-15. Telephone 442-6557. 7

Don't miss the furniture show of a lifetime at the League of New Hampshire Craftsmen Crafts Fair this Sunday in Mt. Suanpee State Park, Route 103 B in Newbury, N.H. Featuring work by potters, weavers, silversmiths, furniture makers, fabric designers and other craftsmen from around New Hampshire, the show continues through August 14. Hours are from 10 a.m. to 5 p.m. daily. Admission is $5, and children under 12 get in free. Telephone 603-224-1471.

Koko Taylor, Grammy award blues performer holds an outdoor concert in the DeCordova Musuem amphitheater in Sandy Pond Road Lincoln at 3 p.m. Sunday. Adults pay $10, and elders and children pay $8. Telephone 259-8355. 8

Celebrate the anniversary of Mae Arnette, one of Boston's premiere singers, in the Taurus Club at 888 Street in Boston. Drummer Alan Dawson and pianist Sabby Lewis will perform in a jam session afterwards, at 8. Buffet dinner from 6-8 p.m., entertainment until 11, and dancing from 11 p.m. to 2 p.m. Tickets are $25 in advance, and $35 at the door. Telephone 442-2622, 266-1002, or 427-0200. Film

Brattle Theater:

40 Brattle St.

Reflections in Golden Eye, Fri. at 4, 7:50; Sat. at 1:45, 5:55, 10

Member of the Wedding, Fri., at 6, 9:50,

Cat on a Hot Tin Roof, Sat. at 3:45, 8