"Braveheart" writer Randall Wallace and actress Angelina Jolie are teaming up for a Hollywood interpretation of Ayn Rand's novel "Atlas Shrugged."

The cinematic duo will adapt the 1,100-page novel for Lionsgate with Wallace writing the screenplay and Jolie taking on the central role of Dagny Taggart,Daily Variety said.

Wallace said he was first introduced to the classic novel from the Russian-born author through his college-age son and was immediately impressed with its epic scope.

"I was fascinated by Rand's book. It was original and provocative," said Wallace, who said he is eyeing a 2007 production date.

Jolie and Wallace's attempt to bring Rand's novel to the big screen will be the most recent after a string of failed productions tied to Clint Eastwood, Faye Dunaway and Robert Redford.