December 2, 1987

LEAD: Several members of the civilian Electoral Council disbanded by the Government after an abortive presidential election refused today to accept the Government action, heightening the conflict over Haiti's future.

LEAD: The United States sharply criticized France today for making what one official said was a deal with Iran to obtain the release of French hostages in Lebanon.

LEAD: Dragged down by the diving stock market, the Government index designed to predict the economy declined by two-tenths of 1 percent in October, the Commerce Department reported today.

LEAD: The committee of general creditors of Texaco Inc. yesterday approved an interim settlement proposal in the oil company's three-year battle with the Pennzoil Company, but it declined to disclose its terms until a crucial showdown in bankruptcy court today.

LEAD: In good weather there used to be an old man and an ancient woman sharing a stoop on West 11th Street, the man singing and the woman tapping in time. The man, dressed to the nines, would leave his rooming house and put his face to the sun, listening for the familiar sound of his companion's approach - the triple beat of a pair of feet and a cane coming down the walk.

LEAD: The dollar rallied from Monday's record lows in active interbank trading yesterday, helped by support from Asian and European central banks and by rumors that West Germany is about to cut its key interest rate.

LEAD: Pan American World Airways yesterday struck an 11th-hour deal with its pilots that could undermine a yearlong attempt by some of the airline's unions to find a buyer for the carrier and replace its current management.

LEAD: SISTER FRANCES A. CARR is the kitchen deaconess, or head cook, of the little Shaker community of Sabbathday Lake near Poland Spring, Me., about 30 miles northwest of Portland. She is one of the handful of remaining members of the sect, whose adherents once numbered in the thousands. By the mid-19th century, their tidy settlements had spread from Sabbathday Lake in the hills of southern Maine across New Hampshire and upstate New York and into Ohio and

LEAD: The milk deliverers' union, angry because management refused to continue contract talks through the night, struck at 12:01 A.M. today, halting all deliveries to New York City, Long Island and most of Westchester County, union officials said.

LEAD: Facing pressure at home and abroad to do something about their sluggish economy, West Germany's Finance and Economics Ministers agreed today on a plan to encourage capital spending, Government officials said.

LEAD: THE technology of home toasters has not changed fundamentally in 40 years. Their function is simple and limited. Of course, that hasn't stopped American manufacturers from fiddling with size, shape, color and special features to create diversity, real or imaginary, among brands - just as shoppers are led to believe that there is a difference among the half-dozen brands of canned peas on the market.

LEAD: Larry Davis, who is being tried for the murder of four suspected drug dealers, told the trial judge yesterday that his throat had been slashed by a fellow inmate at the Bronx House of Detention Monday while three officers from the Department of Correction watched and ''did nothing.''