X0202 4 2006-09-26 1 0001251391 EXCELSIOR ABSOLUTE RETURN FUND OF FUNDS LLC NONE 0001331408 Bailey James C/O UNITED STATES TRUST COMPANY, N.A. 114 WEST 47TH STREET NEW YORK NY 10036 1 1 0 0 Co-Chief Executive Officer Limited Liability Company Interests 231888.12 D Amount of securities owned is as of June 30, 2006, the last time prior to this filing that the Issuer's net asset value was calculated. Effective September 26, 2006, the Reporting Person is no longer a member of the Board of Managers and is no longer an officer of the Issuer. /s/ James Bailey 2006-10-03