<ARTICLE> 6
<SERIES>
   <NUMBER> 1
   <NAME> BELAIR CAPITAL FUND LLC

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-1999
<PERIOD-END>                               MAR-31-1999
<INVESTMENTS-AT-COST>                    2,319,697,929
<INVESTMENTS-AT-VALUE>                   2,608,076,250
<RECEIVABLES>                                2,593,584
<ASSETS-OTHER>                                 478,270
<OTHER-ITEMS-ASSETS>                         7,890,941
<TOTAL-ASSETS>                           2,619,039,045
<PAYABLE-FOR-SECURITIES>                             0
<SENIOR-LONG-TERM-DEBT>                              0
<OTHER-ITEMS-LIABILITIES>                  632,023,102
<TOTAL-LIABILITIES>                        632,023,102
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 1,705,412,775
<SHARES-COMMON-STOCK>                       16,429,460
<SHARES-COMMON-PRIOR>                       16,568,833
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
<ACCUMULATED-NET-GAINS>                              0
<OVERDISTRIBUTION-GAINS>                             0
<ACCUM-APPREC-OR-DEPREC>                   281,603,168
<NET-ASSETS>                             1,987,015,943
<DIVIDEND-INCOME>                           16,340,574
<INTEREST-INCOME>                            1,294,267
<OTHER-INCOME>                                       0
<EXPENSES-NET>                              14,994,940
<NET-INVESTMENT-INCOME>                      2,639,901
<REALIZED-GAINS-CURRENT>                      (94,399)
<APPREC-INCREASE-CURRENT>                   68,242,973
<NET-CHANGE-FROM-OPS>                       70,788,475
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                                0
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                    139,373
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      54,167,571
<ACCUMULATED-NII-PRIOR>                              0
<ACCUMULATED-GAINS-PRIOR>                            0
<OVERDISTRIB-NII-PRIOR>                              0
<OVERDIST-NET-GAINS-PRIOR>                           0
<GROSS-ADVISORY-FEES>                        1,521,637
<INTEREST-EXPENSE>                           8,344,620
<GROSS-EXPENSE>                             14,994,940
<AVERAGE-NET-ASSETS>                     1,976,803,500
<PER-SHARE-NAV-BEGIN>                           116.66
<PER-SHARE-NII>                                  0.160
<PER-SHARE-GAIN-APPREC>                           4.12
<PER-SHARE-DIVIDEND>                                 0
<PER-SHARE-DISTRIBUTIONS>                            0
<RETURNS-OF-CAPITAL>                                 0
<PER-SHARE-NAV-END>                             120.94
<EXPENSE-RATIO>                                   3.08