Claim: Katie Holmes has had a role.

The Ice Storm is a 1997 American drama film directed by Ang Lee , based on the 1994 novel of the same name by Rick Moody .   The film features an ensemble cast of Kevin Kline , Joan Allen , Tobey Maguire , Christina Ricci , Elijah Wood , Katie Holmes , Glenn Fitzgerald , Jamey Sheridan , and Sigourney Weaver . Set during Thanksgiving 1973 , The Ice Storm is about two dysfunctional New Canaan , Connecticut upper-class families who are trying to deal with tumultuous social changes of the early 1970s , and their escapism through alcohol , adultery , and sexual experimentation .   The film opened in the United States on September 26 , 1997 . Its release was limited and it ultimately grossed US$ 8 million on a budget of US$ 18 million . A special two-disc DVD set was released as part of the Criterion Collection on March 18 , 2008 .