<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