By Stephen M. Silverman
November 13, 1997 12:00 AM

“Life is Beautiful” multi-Oscar winner Roberto Benigni is about to wish upon a star. The actor-writer-director announced yesterday that his next project will be a live action version of the fairy tale “Pinocchio.” “For the last 20 years, maybe since I was born,” said Benigni, who was born 47 years ago, not 20, “I’ve been wanting my nose to grow.” Benigni will co-star with his wife, Nicoletta Braschi, reports Variety, which adds that no start date has been announced.