EXHIBIT D

                     Form of Notice of Withdrawal of Tender

             (To be provided only to Investors that call and request
                                   the form.)

                         NOTICE OF WITHDRAWAL OF TENDER

                Regarding Limited Liability Company Interests in

                   BACAP ALTERNATIVE MULTI- STRATEGY FUND, LLC

                   Tendered Pursuant to the Offer to Purchase
                             Dated November 26, 2003


                   The Offer and withdrawal rights will expire
                    at, and this Notice of Withdrawal must be
             received by the Fund by, 12:00 midnight, Eastern Time,
         on Friday, December 26, 2003, unless the Offer is extended.

        Complete this Notice of Withdrawal and Return by Mail or Fax to:

                         Forum Shareholder Services, LLC
                               Fax: (207) 879-6206

                           For additional information:
                              Phone: (207 879-6093





Ladies and Gentlemen:

          The undersigned wishes to withdraw the tender of its limited liability
company interest in BACAP Alternative  Multi-Strategy Fund, LLC (the "Fund"), or
the  tender  of a  portion  of such  interest,  for  purchase  by the Fund  that
previously was submitted by the  undersigned  in a Letter of  Transmittal  dated
_______________.

This tender was in the amount of:

          | |  Entire limited liability company interest.

          | |  Portion of limited  liability  company  interest  expressed  as a
               specific dollar value. $_____________

          | |  Portion of limited  liability  company  interest in excess of the
               Required Minimum Balance.

          The undersigned  recognizes that upon the submission on a timely basis
of this Notice of Withdrawal of Tender,  properly executed,  the interest in the
Fund (or portion of the interest)  previously  tendered will not be purchased by
the Fund upon expiration of the tender offer described above.

Signature(s):


For Individual Investors                  For Other Investors:
and Joint Tenants:

- ------------------------------------      ------------------------------------
Signature                                 Print Name of Investor
(Signature of Owner(s) Exactly as
Appeared on Investor Certification)


- ------------------------------------      ------------------------------------
Print Name of Investor                    Signature
                                          (Signature of Owner(s) Exactly as
                                          Appeared on Investor Certification)


- ------------------------------------      ------------------------------------
Joint Tenant Signature if necessary       Print Name of Signatory and Title
(Signature of Owner(s) Exactly as
Appeared on Investor Certification)


- ------------------------------------      ------------------------------------
Print Name of Joint Tenant                Co-signatory if necessary
                                          (Signature of Owner(s) Exactly as
                                          Appeared on Investor Certification)


                                          ------------------------------------
                                          Print Name and Title of Co-signatory

Date:_____________



03564.0004 #444792