Only three U.S. films will compete for the top prize at this year's Cannes Film Festival, down from five last year. Among the American entries: Paul Thomas Anderson's Punch-Drunk Love, starring Adam Sandler, Philip Seymour Hoffman and Emily Watson; Alexander Payne's About Schimdt, starring Jack Nicholson, Hope Davis and Kathy Bates; and Michael Moore's documentary Bowling for Columbine. The festival runs from May 15 to May 26.