Since 1984, this comfortable space at Truman College has been the home of the Pegasus Players theater company, a professional troupe founded in 1979. The Pegasus Players company has been renowned for reviving Sondheim musicals (giving such initial failures as "Anyone Can Whistle," "Pacific Overtures," "Assassins" and "Merrily We Roll Along" a fresh chance) and for refurbishing established works ("Passion," "Into the Woods"). Pegasus Players' well- regarded programs, like the annual young playwrights festival, testify to a deep involvement in the community. As chosen by founder Arlene Crewdson and former artistic director Warner Crocker, the fare has ranged wildly--from revivals of obscure Duke Ellington musicals ("Jump for Joy," "Beggar's Holiday"), political rousers ("Fixin' to Die: A Visit to the Mind of Lee Atwater") and crowd-pleasers ("The Secret Garden") to conventional comedies ("Lettice and Lovage") and elaborate collaborations like the celebrated Live Bait-Pegasus concoction, "Freud, Dora and the Wolf Man." Pegasus also produced the local premiere of Robert Schenkkan's "The Kentucky Cycle," a risky six- hour pageant, co-produced with Light Opera Works "The Golden Apple" and "One Touch of Venus" and presented a controversial, Christian-centered reading of "Genesis."