OUT ON VIDEO

* THE SHADOW - (PG-13, MCA/Universal Home Video). Similar to Batman and Superman, the Shadow (Alec Baldwin) takes on New York City crime in the 1930s. The Shadow's ubiquitous laugh and swirling cape mark his triumphant missions, but he meets his match when Shiwan Khan, descendent of Genghis Khan, arrives on the scene to conquer the world. The plot pulls apart in several directions, but the Shadow's love interest, Margo Lane (Penelope Ann Miller), tends to patch it back together. The visual effects make the film eye-catching; the instrumental sound effects become tiresome. (July 1, 1994)