To choose the proper focal length lens needed to fill the height of your screen for this format, use the lens calculators provided on Film-Tech, or by the lens manufacturers. Schneider and IscoOptic provide on-line calculators:
http://www.schneideroptics.com/theatre/desprodn.html
http://www.iscooptic.de/english.html
You will need to know the throw, film format, image desired on the screen, etc. The Schneider software even allows you to factor in projection angle to calculate keystone distortion.
In a pinch, many theatres use the prime lens from the "scope" format with the appropriate 1.37:1 aperture. It will not fill the height of the screen, but you will maintain the original composition of the images. If you can, adjust your black masking to properly frame the image. Because of the lesser magnification, you will find that you have a brighter image than current widescreen formats, so you may need to reduce light level to get the SMPTE aim of 16 footlamberts.
IMHO, any theatre that shows more than a few "classic" films each year should consider equipping themselves to properly project the format to fill the height of their screen.
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John P. Pytlak, Senior Technical Specialist
Worldwide Technical Services, Entertainment Imaging
Eastman Kodak Company
Research Labs, Building 69, Room 7419
Rochester, New York, 14650-1922 USA
Tel: 716-477-5325 Fax: 716-722-7243
E-Mail: john.pytlak@kodak.com
We took the base lens off of the scope and used that with the scope aperture plate and it worked ok. We were a little undersized and the edges were rough.
The next batch of classic films came in at 1.37:1 so we called our cinema supplier. He had a used lens that was 5mm smaller than our scope back up and that made the picture a bit bigger. We have been using that ever since. We still use the scope aperture plate as well. The lens had damaged threads so it couldn't be used as a scope back up and we were charged $150.00 for it. Not bad.
Our next goal is to find a couple of 1.66:1 lenses. I guess we will have to break out the lens calculator and the aperture files.
By the way. they're also showing Raiders of the Lost Ark in their big room this week.

Why are they running Raiders? A special event perhaps? Is it in 35mm or 70mm and what is the print like?
Enquiring minds want to know.
PS: Has anyone heard if Stevie baby is planning a theatrical re-issue of Raiders for its 20th anniversary next year? (Let's hope he doesn't digitally remove the guns...that would spoil a good gag!) 
Anyhow, I'm still waiting for "Raiders of the Lost Arc". 
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Better Projection Pays!
These are films which were shot using a camera with a full-gate silent aperture, but which had a strip masked off the left hand side when printed in order to fit the soundtrack on. It doesn't apply to films that were originally sound-on-disc because the frames were full-gate silent, and modern re-releases tend to be optically reduced to Academy (thus preserving the full frame area).
Some early sound films look OK in Academy - because theatre masking systems weren't adjustable in those days, cinematographers tended to frame their shots bearing in mind that the top and bottom of the frame might end up being masked off. But other films, especially European ones from the early '30s, really do need the full height screen to avoid noticeable cropping. I find it useful to have the anamorph on a bracket rather than screwed into the front of the backing prime, so that the prime can be used separately with a minimum of fuss if necessary.
best wishes from Vienna,
Flo