The signature music fest of Generation X is wheezing.

Lollapalooza, which once upon a time was the leading exporter of cutting edge, may sit out Summer '98, according to a Billboard report.

A chief organizer tells the trade magazine there's a 40 percent chance that the tour, as yet unable to secure a big-name headliner act, won't make it to the road.

Ted Gardner, one of the owners of the fest along with rocker Perry Farrell, says in Billboard, that Farrell is a big reason why the event is in limbo.

Farrell was supposed to top the tour with his reformed alternative band unit, Jane's Addiction. But late last month, Gardner says the musician declared the plan a no-go.

The group's so-called relapse tour fell apart last year when lead guitarist Dave Navarro relapsed for real and began "experimenting" with drugs, in the words of his publicist.

Without Jane's Addiction, Lollapalooza is looking like Lollapaloser. Already Marilyn Manson, Nine Inch Nails, the Foo Fighters, Green Day and Garbage have declined invites.

Scott Weiland (minus the Stone Temple Pilots), Sublime (minus dead lead singer Brad Nowell) and the Cure are other names reportedly negotiating for slots, but no done deals yet. Indeed, the Los Angeles office that handles publicity for the event said Wednesday they knew nothing about any plans for this summer.

Farrell founded Lollapalooza in 1991. In its gloriously grungy days, its main stage featured the likes of Nirvana, Pearl Jam, Beck, Courtney Love's Hole, Sinead O'Connor and the Red Hot Chili Peppers.

By 1996, grunge was dead and the summer competition tough, with fests like the Blues Traveler's H.O.R.D.E. booming. Looking to reassert its copyright on hip, Lollapalooza signed speed-metal supergroup Metallica, alienating some longtime followers.

Last summer was the summer of Sarah McLachlan's Lilith Fair--leaving another all-star Lollapalooza lineup (Snoop Doggy Dogg, Prodigy, Korn) to fizzle.

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