X0202 3 2007-07-01 0 0001251390 EXCELSIOR ABSOLUTE RETURN FUND OF FUNDS MASTER FUND LLC NONE 0000070858 BANK OF AMERICA CORP /DE/ BANK OF AMERICA CORPORATE CENTER 100 N TRYON ST CHARLOTTE NC 28255 0 0 0 1 Ult. Parent of Inv. Adviser Limited Liability Company Interest 0 I See Footnote This filing is made on behalf of Bank of America Corporation, the ultimate parent of U.S. Trust Hedge Fund Management, Inc., the Issuer's investment adviser. The filing of this statement with the inclusion of the foregoing information shall not be deemed an admission that the Reporting Person is, for purposes of Section 16 of the Act or otherwise, the beneficial owner of any equity securities covered by this statement. Lucille E. Reymann, Senior Vice President 2007-07-12