WORTH NOTING ON TV

THURSDAY 25 Beyond the Cold War (ABC, 10-11 p.m.): Just before President Bush's departure for the NATO conference, the network's news department offers ```The Risk and the Opportunity,'' an analysis of some of the changes taking place in today's world politics. FRIDAY 26 Great Performances (PBS, 9-10:30 p.m.): On his first Western tour since glasnost, Yuri Temirkanov conducts a program called ``The Philadelphia Orchestra With Andr'e Watts,'' with an all-20th-century selection of music featuring American pianist Watts in Shostakovich's Piano Concerto No. 1.

SUNDAY 28 The Indianapolis 500 (ABC, 11a.m.-3:30 p.m., ET): ``The Indy'' is the big one, of course, the king of auto races. Even though long camera perspectives tend to mask the insane speeds achieved by these supercars, the live coverage does make breathless viewing for many fans.

MONDAY 29 Arab and Jew: Wounded Spirits in a Promised Land (PBS, 9-11 p.m.): The volatile relations of these two groups are studied in this documentary based on a Pulitzer Prize-winning book by David K. Shipler.

WEDNESDAY 31 International Rock Awards (ABC, 9:30-11 p.m., ET): The prize is called an ``Elvis'' - a small statue of ``King'' - and the idea in this premi`ere event honoring performers around the world is to give rock music its own version of the Tony, Oscar, Emmy, and Grammy. American Playhouse (PBS, 9-10:30 p.m.: Radio-TV storyteller-writerJean Shepherd wrote this drama special - ``Ollie Hopnoodle'sHaven of Bliss'' - about an American family on a summer vacation. Definitely not to be confused with Chevy Chase's comic ``Vacation'' film series.

Please check local listings for all programs, especially on PBS.