By Alexander Tresniowski/Reported by Wendy Cole

Life is good for tyke turned tycoon MACAULAY CULKIN. The sixth-grader reportedly earned $1 million for starring in the upcoming My Girl, which pairs him with ANNA CHLUMSKY for his first onscreen kiss. "It was nothing," he says of the smooch, but the same cannot be said of Culkin's last film, Home Alone, a huge hit. His negotiations with 20th Century Fox, hot to make a Home Alone sequel, offer insight into Hollywood's law of supply and demand: Culkin demanded big bucks to star in Alone Again, and Fox agreed to supply them (a reported $4.5 million). After that, Mac may make another bundle for playing that wealthy comic-book kid Richie Rich. What a stretch.