X0202 3 2006-09-26 0 0001251391 EXCELSIOR ABSOLUTE RETURN FUND OF FUNDS LLC NONE 0001373880 Bailin David C/O US TRUST HEDGE FUND MANAGEMENT, INC. 225 HIGH RIDGE ROAD STAMFORD CT 06905 1 1 0 0 President Limited Liability Company Interests 0 D The Reporting Person became a member of the Board of Managers and President of the Issuer on September 26, 2006. The filing of this statement with the inclusion of the foregoing information shall not be construed as an admission that the Reporting Person is the beneficial owner of any equity securities of the Issuer. /s/ David Bailin 2006-09-29