X0202 3 2007-04-23 0 0001391975 EXCELSIOR DIRECTIONAL HEDGE FUND OF FUNDS (TE) LLC NONE 0001272263 US TRUST HEDGE FUND MANAGEMENT INC C/O U.S. TRUST COMPANY, N.A. 225 HIGH RIDGE ROAD STAMFORD CT 06905 0 0 0 1 Investment Adviser Limited Liability Company Interests 0 D The Reporting Person serves as the investment adviser of Excelsior Directional Hedge Fund of Funds Master Fund, LLC (the "Master Fund") and provides management and administrative services to the Issuer. The Issuer invests substantially all of its assets in Excelsior Directional Hedge Fund of Funds, Ltd. (the "Offshore Fund"). The Offshore Fund, in turn, 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/ Spencer N. Boggess as CEO of the Reporting Person 2007-06-22