<ARTICLE>       6

   <NUMBER> 1
   <NAME> BELAIR CAPITAL FUND LLC


                             
<PERIOD-TYPE>                             6-MOS
<FISCAL-YEAR-END>                         DEC-31-2000
<PERIOD-END>                              JUN-30-2000
<INVESTMENTS-AT-COST>                     2,443,225,250
<INVESTMENTS-AT-VALUE>                    2,985,705,659
<RECEIVABLES>                             26,294,355
<ASSETS-OTHER>                            16,289,355
<OTHER-ITEMS-ASSETS>                      0
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<PAYABLE-FOR-SECURITIES>                  0
<SENIOR-LONG-TERM-DEBT>                   896,630,517
<OTHER-ITEMS-LIABILITIES>                 23,887,454
<TOTAL-LIABILITIES>                       917,517,971
<SENIOR-EQUITY>                           2,110,771,398
<PAID-IN-CAPITAL-COMMON>                  0
<SHARES-COMMON-STOCK>                     15,234,397
<SHARES-COMMON-PRIOR>                     15,900,744
<ACCUMULATED-NII-CURRENT>                 0
<OVERDISTRIBUTION-NII>                    0
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<NET-ASSETS>                              2,110,771,398
<DIVIDEND-INCOME>                         38,979,034
<INTEREST-INCOME>                         2,282,021
<OTHER-INCOME>                            0
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<REALIZED-GAINS-CURRENT>                  45,351,704
<APPREC-INCREASE-CURRENT>                 59,628,151
<NET-CHANGE-FROM-OPS>                     111,147,084
<EQUALIZATION>                            0
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<DISTRIBUTIONS-OF-GAINS>                  0
<DISTRIBUTIONS-OTHER>                     5,104,441
<NUMBER-OF-SHARES-SOLD>                   0
<NUMBER-OF-SHARES-REDEEMED>               (666,347)
<SHARES-REINVESTED>                       0
<NET-CHANGE-IN-ASSETS>                    16,401,645
<ACCUMULATED-NII-PRIOR>                   0
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<EXPENSE-RATIO>                           3.39