(FORTUNE Magazine) – Mike Milken invests, we report. His Junkbondness is now backing Seventh Level, a Los Angeles educational interactive multimedia software company. Sort of like videogames with vitamins. A co-founder is Scott Page, who used to play tenor sax with Pink Floyd. That's right: We don't need no education.The treasurer of IBM needs to bet on something simple, like the Cowboys. Fred Zuckerman's recent offer at a Salomon Brothers luncheon to wager that IBM Credit Corp. wouldn't take a bath on residual values of leased assets didn't , garner any takers.Televangelist Pat Robertson's company, International Family Entertainment, paid him $390,000 in salary and bonuses in 1992. Company investors John Malone and Mario Gabelli watched its earnings grow 15% in the first nine months of 1993.Hair's to boxing- and self-promoter Don King, who's lecturing MBA students about the real world. The audience at Wharton was an SRO 300; Tulane is scheduled for next month. Moneyman Richard Rainwater waits for the Columbia/HCA Healthcare Corp. combo to, um, combine. Rainwater, a shareholder on both sides, brokered the deal. The hospital don will have 3% of the new outfit in his portfolio, along with investments in energy services.Awards don't help much, even ones naming you the German Manager of the Year. The winner in 1991, Heinz Schimmelbusch, was booted as chairman of Metallgesellschaft AG, the German metals group, for supposedly lying about corporate oil futures contracts. But isn't a CEO supposed to take risks?David Geffen, we hear, is trying to push his way onto the board of New York City's tony Museum of Modern Art. He is on the acquisitions committee, but the baseball-capped Geffen's promise of donating a Hockney worth $1.1 million has stiffened some upper lips. We'll see. He didn't make a billion taking no for an answer.Neither did she: Leona Helmsley should end her home confinement at the Park Lane hotel later this month or early next. Then she starts the ''public service'' part of her sentence. Hmm: Helping troubled youths? Park cleanup duty? Tax advice?