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 811-21396
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                  Excelsior Absolute Return Fund of Funds, LLC
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               (Exact name of registrant as specified in charter)

                              225 High Ridge Road
                               Stamford, CT 06905
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              (Address of principal executive offices) (Zip code)

                     U.S. Trust Hedge Fund Management, Inc.
                              225 High Ridge Road
                               Stamford, CT 06905
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                    (Name and address of agent for service)

       Registrant's telephone number, including area code: (203) 352-4497
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                       Date of fiscal year end: March 31
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                    Date of reporting period: June 30, 2007
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Item 1.

                               PROXY VOTING RECORD
                FOR PERIOD JULY 1, 2006 TO JUNE 30, 2007

At a special meeting of members of Excelsior Absolute Return Fund of Funds
Master Fund, LLC (the "Company") held on March 15, 2007, the Registrant voted
FOR each of the following proposals, which were proposed by the Company and the
Company's investment adviser: (1) to approve a new investment advisory agreement
between the Company and U.S. Trust Hedge Fund Management, Inc. to become
effective upon completion of the sale of U.S. Trust Corporation to the Bank of
America Corporation; and (2) to elect, as members of the Board of Managers of
the Company, David R. Bailin, Virginia G. Breen, Jonathan B. Bulkeley, and
Thomas F. McDevitt.


                                   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 Excelsior Absolute Return Fund of Funds, LLC
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By (Signature and Title)* /s/ David R. Bailin
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                          David R. Bailin
                          Principal Executive Officer

Date August 29, 2007
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*Print the name and title of each signing officer under his or her signature.