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

                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                          DEC-31-2000
<PERIOD-END>                               MAR-31-2000
<INVESTMENTS-AT-COST>                    2,297,012,033
<INVESTMENTS-AT-VALUE>                   2,860,246,389
<RECEIVABLES>                               37,156,387
<ASSETS-OTHER>                                 311,313
<OTHER-ITEMS-ASSETS>                         1,203,109
<TOTAL-ASSETS>                           2,898,917,198
<PAYABLE-FOR-SECURITIES>                             0
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<OTHER-ITEMS-LIABILITIES>                  758,578,743
<TOTAL-LIABILITIES>                        758,578,743
<SENIOR-EQUITY>                                      0
<PAID-IN-CAPITAL-COMMON>                 1,548,693,883
<SHARES-COMMON-STOCK>                       15,413,877
<SHARES-COMMON-PRIOR>                       15,900,744
<ACCUMULATED-NII-CURRENT>                            0
<OVERDISTRIBUTION-NII>                               0
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<DIVIDEND-INCOME>                           18,676,731
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<OTHER-INCOME>                                       0
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<REALIZED-GAINS-CURRENT>                    28,955,052
<APPREC-INCREASE-CURRENT>                   85,109,491
<NET-CHANGE-FROM-OPS>                      116,890,400
<EQUALIZATION>                                       0
<DISTRIBUTIONS-OF-INCOME>                            0
<DISTRIBUTIONS-OF-GAINS>                             0
<DISTRIBUTIONS-OTHER>                        5,230,561
<NUMBER-OF-SHARES-SOLD>                              0
<NUMBER-OF-SHARES-REDEEMED>                  (486,867)
<SHARES-REINVESTED>                                  0
<NET-CHANGE-IN-ASSETS>                      45,968,702
<ACCUMULATED-NII-PRIOR>                              0
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<PER-SHARE-NAV-BEGIN>                           131.72
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<EXPENSE-RATIO>                                   3.20