X0202 3 2003-12-01 0 0001251391 EXCELSIOR ABSOLUTE RETURN FUND OF FUNDS LLC NONE 0001376219 U.S. Trust CORP C/O US TRUST HEDGE FUND MANAGEMENT, INC. 225 HIGH RIDGE ROAD STAMFORD CT 06905 0 0 0 1 Parent of Investment Adviser Limited Liability Company Interest 0 I See Footnote 1 This filing is made on behalf of U.S. Trust Corporation ("UST Corp."). U.S. Trust Hedge Fund Management, Inc., which serves as the investment adviser of Excelsior Absolute Return Fund of Funds Master Fund, LLC (the "Master Fund") and provides management and administrative services to the Issuer, is a wholly owned subsidiary of UST Corp. The Issuer invests substantially all of its assets in the Master Fund. 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. /s/ Vera V. Delson, Assistant Corporate Secretary 2007-06-27