11/04/2004 1:00AM

Latest Frankel favorite

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Adam Coglianese/NYRA
Arvada wins the Glens Falls at Saratoga, where she coasted through slow early fractions.

OZONE PARK, N.Y. - Trainer Bobby Frankel's season in New York will come to an end later this month when his runners head to Florida and California. Before he leaves, Frankel will have several opportunities to add to the 14 stakes he has won in New York this year.

One of his remaining stakes prospects is Arvada, the likely favorite in Saturday's $150,000 at Aqueduct. Arvada is among eight fillies and mares entered in the 1 1/2-mile turf race. Bounding Charm was entered for the main track only.

The Grade 2 Long Island has foreign intrigue with three European runners in the field: Eleusis and Noble Stella, who are coupled in the wagering, and Briviesca. Arvada and Savedbythelight are the co-highweights at 117 pounds.

Arvada made a leap from winning a first-level allowance to winning a division of the Grade 3 Glens Falls at Saratoga on Sept. 5. Arvada set a snail-like pace in the 1 3/8-mile Glens Falls and hung tough for a half-length win over Spice Island, who won last year's Long Island. Arvada's effort looked even better when the third-place finisher, Film Maker, came back and finished second in the Breeders' Cup Filly and Mare Turf last Saturday.

John Velazquez rides Arvada, who drew post 7.

Savedbythelight finished third in the other division of the Glens Falls after she set even slower fractions than Arvada. Rick Violette, who trains Savedbythelight, a graded-stakes winner on the dirt, said the filly probably is more effective in a stalking position.

"I think she is better a horse or two off the leaders, but that was the best thing for her that day and she was game in defeat," Violette said.

Savedbythelight has only one win in seven turf starts, but Violette believes she can be effective on turf or dirt, provided it's a route race.

"Her biggest hole card is the distance," Violette said. "The distance is probably more of an asset than the surface. She is a legitimate mile-and-a-half filly."

Jerry Bailey has the mount on Savedbythelight, who drew post 5.

On paper, Eleusis appears to be the most talented of the European runners. Eleusis was 5 for 6 in France and is a winner at the Long Island distance. The course figures to have moisture in it from rain during the week, which should suit the foreign fillies.

Briviesca, a winner in France, is well suited to the distance. Noble Stella, who hasn't run since March, makes her first start for trainer Roger Attfield.