Who robbed a fancy Park Avenue hotel of $4 million worth of safe-deposit-box valuables? That's the puzzle for N.Y. cops Rawlings (small) and Daniels (big) in this effortfully zany farce-procedural. The top suspects: minor hood Jimmy Ferragamo; bored intellectual William McCabe, who's ""wasting his life turning out a pissyass airline inflight magazine""; and Hamilton Harcourt, an agent of Lloyd's of London--who turns out to be a woman in drag. The trail, then, leads to an S&M transvestite nightclub (a porno act there is based on Mommie Dearest) and eventually, despite hindrances from paranoid Police Chief Vadney, to a televised arrest. Notwithstanding a few N.Y.-style, topical chuckles here and there: heavyhanded cops-and-robbers parody, depending all too much on the transvestite gag for both laughs and plot.