UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM N-PX ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT COMPANY Investment Company Act file number 811-21252 BACAP Alternative Multi-Strategy Fund, LLC (Exact name of registrant as specified in charter) 40 West 57th Street, 33rd Floor New York, NY 10019 (Address of principal executive offices) (Zip code) Michelle Rhee, Esq. Banc of America Investment Advisors, Inc. One Financial Center Boston, MA 02111 (Name and address of agent for service) Registrant's telephone number, including area code: 888-786-9977 Date of fiscal year end: March 31 Date of reporting period: July 1, 2007 - June 30, 2008 PROXY VOTING RECORD FOR PERIOD JULY 1, 2007 TO JUNE 30, 2008 REGISTRANT NAME: BACAP ALTERNATIVE MULTI-STRATEGY FUND, LLC INVESTMENT COMPANY ACT FILE NUMBER: 811-21252 REPORTING PERIOD: 07/01/2007 - 06/30/2008 FUND'S VOTE FOR OR AGAINST PROPOSAL, OR ABSTAIN; FOR OR WHETHER WITHHOLD WHETHER VOTE ISSUER OF EXCHANGE SHAREHOLDER WHO PROPOSED FUND CAST REGARDING WAS FOR OR PORTFOLIO TICKER MEETING SUMMARY OF MATTER MATTER: VOTE ON ELECTION OF AGAINST SECURITY SYMBOL CUSIP # DATE VOTED ON ISSUER/SHAREHOLDER MATTER DIRECTORS MANAGEMENT - ---------------- -------- ------- ----------- ------------------ ------------------ --------- ------------ ----------- Trafalgar Recovery Fund N/A N/A 10/18/2007 Increase in authorized Issuer Yes Against N/A share capital from $50,000 to $300,000 Trafalgar Catalyst Fund N/A N/A 10/18/2007 Increase in authorized Issuer Yes Against N/A share capital from $50,000 to $300,000 SIGNATURES Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Registrant BACAP Alternative Multi-Strategy Fund, LLC By (Signature and Title)* /s/ David Bailin ---------------------------------------- David Bailin, President (Principal Executive Officer) Date August 27, 2008 ---------------- * Print the name and title of each signing officer under his or her signature.