Marcus Brigstocke and his two co-stars have performed 20 shows in Edinburgh over the years and won no awards. As a response, they have devised The Award-Winning Show, a ceremony with film clips spoofing the anodyne love-ins with which the arts and media annually celebrate themselves. Only fresh insights or broiling moral indignation could justify attacking such an easy target, and neither are abundant here. There are several entertaining sequences, but essentially the satire is as mild as you'd expect when a Radio 4 comedian lampoons Radio 4.
Like much of the show, the opening routine - a song-and-dance spectacular trumpeting "Haven't we all done well?" - would be fabulous if Brigstocke, Andre Vincent and Gresby Nash went the extra yard. As it is, their singing and dancing lacks lustre.
Elsewhere, they hit a few deserving targets: there's an amusingly inept Word from the Sponsor, and Brigstocke plays a US general thanking Hollywood for propagandising war. They hit soft ones too: the films of Guy Ritchie, the theatre of Steven Berkoff. The show's satirical tone is also compromised by in-jokery. Vincent teases Brigstocke about his failed sitcom. Brigstocke mimics fellow stand-ups, in some cases brilliantly, although only comedians (and, alas, critics) will know who they all are.
It's a hit-and-miss hour but with work and a harder edge, The Award-Winning Show could yet be a send-up worth seeking out.
· To August 26. Box office: 0131-556 6550.