UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 13F
FORM 13F COVER PAGE
Report fo the Calender Year of Quarter Ended: 03/31/00
Check here if Amendment [ ]; Amendment Number: _________
This Amendement (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: BEL AIR INVESTMENT ADVISORS LLC
Address; 1999 AVENUE OF THE STARS, SUITE 2800
LOS ANGELES, CA 90067
13F File Number: Pending
The institutional investment manager filing this report and the
person by whom it is signed hereby represent that the person
signing the report is authorized to submit it, that all
information contained herein is true, correct and complete, and
that it is understood that all required items, statements,
schedules, lists, and tables are considered integral parts of
this form.
Person Signing this Report on Behalf of Reporting Manager
Name: MICHAEL A. SANCHEZ
Title: CHIEF COMPLIANCE OFFICER
Phone: 310-229-1529
Signature, Place and Date of Signing:
MICHAEL A. SANCHEZ LOS ANGELES, CA MAY 10, 2000
Report Type (Check only one.):
[ X ] 13 F HOLDINGS REPORT
[ ] 13F NOTICE
[ ] 13F COMBINATION REPORT
List of Other Managers Reporting for this Manager:
NONE.
I AM SIGNING THIS REPORT AS REQUIRED BY THE SECURITIES EXCHANGE ACT OF 1934.
FORM 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: NONE
Form 13F Information Table Entry Total: 231
Form 13F Information Table Value Total (x$1000): 2,028,612
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FORM 13F INFORMATION TABLE
TITLE VALUE SHRS OR SH/PUT/INVTMNT OTHER
NAME OF ISSUER OF CLASS CUSIP (x$1000) PRIN AMT PRNCALL DISC MGRS SOLESHARED NONE
AT&T CORP COM 001957109 2,183 38816SH SOLE 0 0 0
ABBOTT LABORATORIES COM 002824100 30,044 853825SH SOLE 0 0 0
AGILENT TECHNOLOGIES INC. COM 00846u101 260 2500SH SOLE 0 0 0
ALLERGAN INC. COM 018490102 28,298 565950SH SOLE 0 0 0
ALLTEL CORP COM 020039103 16,292 258344SH SOLE 0 0 0
AMERICA ONLINE INC-DEL COM 02364j104 13,622 202554SH SOLE 0 0 0
AMERICAN EXPRESS COMPANY COM 025816109 218 1467SH SOLE 0 0 0
AMERICAN HOME PDTS CORP COM 026609107 919 17133SH SOLE 0 0 0
AMERICAN INTL GRP INC COM 026874107 15,188 138701SH SOLE 0 0 0
AMGEN INC COM 031162100 2,707 44100SH SOLE 0 0 0
ANALOG DEVICES INC COM 032654105 806 10000SH SOLE 0 0 0
APPLIED MATERIALS INC COM 038222105 566 6000SH SOLE 0 0 0
APPLIED MICRO CIRCUITS CORP COM 03822w109 324 2160SH SOLE 0 0 0
ATMEL CORP COM 049513104 330 6400SH SOLE 0 0 0
AURORA BIOSCIENCES CORP COM 051920106 204 5000SH SOLE 0 0 0
AUTOMATIC DATA PROCESSING INC COM 053015103 6,030 124980SH SOLE 0 0 0
AVANEX CORP COM 05348w109 212 1400SH SOLE 0 0 0
AVIGEN INC COM 053690103 1,602 36050SH SOLE 0 0 0
BHC COMMUNICATIONS INC-CL A COM 055448104 487 3123SH SOLE 0 0 0
BANK OF AMER CORP COM 060505104 750 14310SH SOLE 0 0 0
BEA SYSTEMS INC COM 073325102 1,195 16280SH SOLE 0 0 0
BELL ATLANTIC CORP COM 077853109 328 5373SH SOLE 0 0 0
BELLSOUTH CORP COM 079860102 364 7736SH SOLE 0 0 0
BEST BUY COMPANY INC COM 086516101 215 2500SH SOLE 0 0 0
BIOTECH HOLDRS TR DEP RCPTS COM 09067d201 763 4500SH SOLE 0 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 28,135 487178SH SOLE 0 0 0
BROADCOM CORP CL A COM 111320107 1,926 7930SH SOLE 0 0 0
BROADVISION INC COM 111412102 224 5000SH SOLE 0 0 0
BROCADE COMMUNICATIONS COM 111621108 897 5000SH SOLE 0 0 0
BURLINGTON RESOURCES INC COM 122014103 441 11918SH SOLE 0 0 0
CBS CORP COM 12490k107 68,666 1212651SH SOLE 0 0 0
CMGI INC COM 125750109 1,201 10600SH SOLE 0 0 0
CACHEFLOW INC COM 126946102 1,422 12000SH SOLE 0 0 0
PUT CARNIVAL CP APR 020 CBOE PUT 1436589p9 -1 -100SH PUT SOLE 0 0 0
CHASE MANHATTAN CORP NEW COM 16161a108 8,379 96108SH SOLE 0 0 0
CHEVRON CORP COM 166751107 395 4272SH SOLE 0 0 0
CHINA TELECOM (HONG KONG) Ltd COM 169428109 4,555 25700SH SOLE 0 0 0
CIENA CORP COM 171779101 315 2500SH SOLE 0 0 0
CISCO SYSTEMS INC COM 17275r102 118,447 1532048SH SOLE 0 0 0
CALL CISCO SYSTEM APR 62.5 CALL 45999w9d1 -76 -50SH CALL SOLE 0 0 0
CALL CISCO SYSTEM APR 50 CALL 45999w9d1wi -105 -38SH CALL SOLE 0 0 0
CITIGROUP INC COM 172967101 98,423 1659383SH SOLE 0 0 0
CLEAR CHANNEL COMMUNICATIONS INC COM 184502102 345 5000SH SOLE 0 0 0
PUT CLEAR CHANNE APR 65 PUT 1845029p9 -11 -50SH PUT SOLE 0 0 0
COCA COLA CO COM 191216100 8,823 187973SH SOLE 0 0 0
COLGATE PALMOLIVE CO COM 194162103 29,021 514790SH SOLE 0 0 0
COLUMBIA/HCA HEALTHCARE CORP COM 197677107 9,897 390996SH SOLE 0 0 0
COMPAQ COMPUTER CORP COM 204493100 213 8000SH SOLE 0 0 0
COMPUTER SCIENCES CORP COM 205363104 807 10200SH SOLE 0 0 0
CORNING INC COM 219350105 1,513 7800SH SOLE 0 0 0
COSTCO COMPANIES INC COM 22160k105 37,001 703930SH SOLE 0 0 0
COVAD COMMUNICATIONS GROUP COM 222814204 544 7500SH SOLE 0 0 0
COX COMMUNICATIONS INC NEW CL A COM 224044107 1,332 27469SH SOLE 0 0 0
CREE RESEARCH INC COM 225447101 452 4000SH SOLE 0 0 0
CREO PRODUCTS INC COM 225606102 218 5000SH SOLE 0 0 0
DELL COMPUTER CORP COM 247025109 1,755 32543SH SOLE 0 0 0
DEUTSCHE TELEKOM AG ADR COM 251566105 264 3290SH SOLE 0 0 0
DIAMONDS TRUST-UNIT SERIES 1 COM 252787106 1,751 16000SH SOLE 0 0 0
WALT DISNEY CO HOLDING CO COM 254687106 22,262 538044SH SOLE 0 0 0
DOUBLECLICK INC COM 258609304 4,983 53220SH SOLE 0 0 0
DOVER CORP COM 260003108 1,174 24532SH SOLE 0 0 0
DOW JONES & CO INC COM 260561105 215 3000SH SOLE 0 0 0
EMC CORP-MASS COM 268648102 50,635 405076SH SOLE 0 0 0
E-TEK DYNAMICS INC COM 269240107 1,647 7000SH SOLE 0 0 0
EBAY INC COM 278642103 211 1200SH SOLE 0 0 0
ECHOSTAR COMMNS CORP COM 278762109 316 4000SH SOLE 0 0 0
EL PASO ENERGY CORP COM 283905107 604 14962SH SOLE 0 0 0
EMERSON ELECTRIC CO COM 291011104 452 8554SH SOLE 0 0 0
ENRON CORP COM 293561106 8,044 107430SH SOLE 0 0 0
ENTREMED INC COM 29382f103 296 5000SH SOLE 0 0 0
L M ERICSSON TELE CO ADR COM 294821400 722 7700SH SOLE 0 0 0
EXODUS COMMUNICATIONS INC COM 302088109 773 5500SH SOLE 0 0 0
EXXON MOBIL CORP COM 30231g102 4,325 55577SH SOLE 0 0 0
FREDDIE MAC-VOTING CMN COM 313400301 41,577 940921SH SOLE 0 0 0
FANNIE MAE COM 313586109 15,359 272143SH SOLE 0 0 0
FIRST SECURITY CORP-DEL COM 336294103 364 30300SH SOLE 0 0 0
FORD MOTOR CO COM 345370100 886 19295SH SOLE 0 0 0
FOX ENTERTAINMENT GRP INC CL A COM 35138t107 8,248 275516SH SOLE 0 0 0
GANNETT CO INC COM 364730101 365 5182SH SOLE 0 0 0
GAP INC COM 364760108 565 11337SH SOLE 0 0 0
GENE LOGIC INC COM 368689105 407 9673SH SOLE 0 0 0
GENENTECH INC COM 368710406 7,340 48290SH SOLE 0 0 0
GENERAL ELECTRIC CO COM 369604103 27,823 179287SH SOLE 0 0 0
GENERAL MOTORS CORP COM 370442105 323 3906SH SOLE 0 0 0
GILLETTE CO COM 375766102 37,283 989265SH SOLE 0 0 0
GRUPO TELEVISA SA DE CV-GDS COM 40049j206 476 7000SH SOLE 0 0 0
GUIDANT CORP COM 401698105 33,452 568789SH SOLE 0 0 0
HALLIBURTON CO COM 406216101 1,025 25006SH SOLE 0 0 0
HEWLETT PACKARD CO COM 428236103 384 2900SH SOLE 0 0 0
HOME DEPOT INC COM 437076102 3,375 52320SH SOLE 0 0 0
HONEYWELL INC COM 438516106 1,460 27702SH SOLE 0 0 0
IMMUNEX CORP NEW COM 452528102 317 5000SH SOLE 0 0 0
IMPERIAL BANCORP COM 452556103 335 10800SH SOLE 0 0 0
INFINITY B'CASTING CL A COM 45662s102 526 16250SH SOLE 0 0 0
INFOSPACE COM INC COM 45678t102 364 2500SH SOLE 0 0 0
INKTOMI CORP COM 457277101 1,131 5800SH SOLE 0 0 0
INTEL CORP COM 458140100 125,008 947472SH SOLE 0 0 0
CALL INTEL CORP APR 120 CALL 4581409d4 -15 -10SH CALL SOLE 0 0 0
CALL INTEL CORP MAY 135 CALL 4581409e2 -10 -10SH CALL SOLE 0 0 0
INTL BUSINESS MACHINES CORP COM 459200101 53,316 451834SH SOLE 0 0 0
INTERNATIONAL RECTIFIER CORP COM 460254105 4,735 124200SH SOLE 0 0 0
INTERNET CAPITAL GROUP INC COM 46059c106 226 2500SH SOLE 0 0 0
I2 TECHNOLOGIES INC COM 465754109 200 1640SH SOLE 0 0 0
JDS UNIPHASE CORP COM COM 46612j101 2,960 24550SH SOLE 0 0 0
JOHNSON & JOHNSON COM 478160104 11,718 167247SH SOLE 0 0 0
JUNIPER NETWORKS COM 48203r104 1,371 5200SH SOLE 0 0 0
KLA-TENCOR CORP COM 482480100 421 5000SH SOLE 0 0 0
KIMBERLY CLARK CORP COM 494368103 38,296 683858SH SOLE 0 0 0
KINDER MORGAN ENERGY PTRS LP COM 494550106 1,611 40600SH SOLE 0 0 0
KNIGHT/TRIMARK GROUP INC-CL A COM 499068104 255 5000SH SOLE 0 0 0
KONINKLIJKE PHILIPS ELEC COM 500472204 236 1380SH SOLE 0 0 0
LSI LOGIC CORP COM 502161102 363 5000SH SOLE 0 0 0
LAKEHEAD PIPE LINE PARTNERS LP COM 511557100 348 10000SH SOLE 0 0 0
ESTEE LAUDER COMPANIES INC CL A COM 518439104 46,538 929597SH SOLE 0 0 0
LEVEL 3 COMMUNICATIONS INC COM 52729n100 264 2500SH SOLE 0 0 0
ELI LILLY & CO COM 532457108 2,628 41707SH SOLE 0 0 0
LUCENT TECHNOLOGIES INC COM 549463107 8,250 135795SH SOLE 0 0 0
MBNA CORP COM 55262l100 35,618 1396782SH SOLE 0 0 0
MRV COMMUNICATIONS INC COM 553477100 229 2500SH SOLE 0 0 0
MTI TECHNOLOGY CORP COM 553903105 264 10000SH SOLE 0 0 0
MATTEL INC COM 577081102 230 22000SH SOLE 0 0 0
MAXIM INTEGRATED PDTS INC COM 57772k101 497 7000SH SOLE 0 0 0
MEDIAONE GROUP INC COM 58440j104 244 3007SH SOLE 0 0 0
MEDIAONE GRP INC EXCH PFD COM 58440j401 2,874 24200SH SOLE 0 0 0
MEDTRONIC INC COM 585055106 684 13300SH SOLE 0 0 0
MELLON BANK CORP COM 58551a108 501 16974SH SOLE 0 0 0
MERCK & CO INC COM 589331107 14,261 229559SH SOLE 0 0 0
MERRILL LYNCH & CO INC COM 590188108 268 2549SH SOLE 0 0 0
METROMEDIA FIBER NTWK COM 591689104 242 2500SH SOLE 0 0 0
MICROSOFT CORP COM 594918104 120,166 1130977SH SOLE 0 0 0
CALL MICROSOFT CP MAY 110 CALL 5949189e6 -16 -21SH CALL SOLE 0 0 0
MICRON TECHNOLOGY INC COM 595112103 567 4500SH SOLE 0 0 0
MILLENNIUM PHARM INC COM 599902103 377 2900SH SOLE 0 0 0
MINIMED INC COM 60365k108 259 2000SH SOLE 0 0 0
J P MORGAN & CO INC COM 616880100 1,674 12707SH SOLE 0 0 0
MOTOROLA INC COM 620076109 72,502 509236SH SOLE 0 0 0
CALL MOTOROLA CP APR 135 CALL 6200769d3 -18 -13SH CALL SOLE 0 0 0
MYTURN.COM INC COM 628690109 355 15000SH SOLE 0 0 0
NTL INC COM 629407107 29,027 312745SH SOLE 0 0 0
NEWS CORP LTD COM 652487703 479 8514SH SOLE 0 0 0
NEWS CORP LTD COM 652487802 478 10000SH SOLE 0 0 0
NOKIA CORP ADR COM 654902204 48,466 223090SH SOLE 0 0 0
NORTEL NETWORKS CORP NEW COM 656568102 7,604 60350SH SOLE 0 0 0
NOVELL INC COM 670006105 472 16500SH SOLE 0 0 0
NVIDIA CORP COM 67066g104 397 4700SH SOLE 0 0 0
OFFICIAL PAYMENTS CORP COM 676235104 1,155 27500SH SOLE 0 0 0
ORACLE CORP COM 68389x105 18,431 236105SH SOLE 0 0 0
PE CORP CELERA GENOMICS GRP COM 69332s201 1,007 11000SH SOLE 0 0 0
PMC-SIERRA INC COM 69344f106 306 1500SH SOLE 0 0 0
PEPSICO INC COM 713448108 994 28745SH SOLE 0 0 0
PEREGRINE SYSTEMS INC COM 71366q101 671 10000SH SOLE 0 0 0
PFIZER INC COM 717081103 19,375 529897SH SOLE 0 0 0
PHILIP MORRIS COMPANIES INC COM 718154107 374 17700SH SOLE 0 0 0
PLAINS RESOURCES INC COM 726540503 206 16500SH SOLE 0 0 0
PORTAL SOFTWARE INC COM 736126103 9,039 158750SH SOLE 0 0 0
PROCTER & GAMBLE CO COM 742718109 3,598 63966SH SOLE 0 0 0
PSINET INC COM 74437c101 340 10000SH SOLE 0 0 0
QLOGIC CORP. COM 747277101 339 2500SH SOLE 0 0 0
QUALCOMM INC COM 747525103 7,301 48900SH SOLE 0 0 0
QWEST COMMNS INTL INC COM 749121109 12,140 250300SH SOLE 0 0 0
RARE MEDIUM GROUP INC COM 75382n109 265 6000SH SOLE 0 0 0
REALNETWORKS INC COM 75605l104 900 15800SH SOLE 0 0 0
ROYAL DUTCH PETROLEUM CO COM 780257804 10,549 183266SH SOLE 0 0 0
SBC COMMUNICATIONS INC COM 78387g103 570 13569SH SOLE 0 0 0
SAFEWAY INC COM 786514208 1,150 25417SH SOLE 0 0 0
SANDISK CORP COM 80004c101 613 5000SH SOLE 0 0 0
SARA LEE CORP COM 803111103 415 23030SH SOLE 0 0 0
SCHERING PLOUGH CORP COM 806605101 2,165 58900SH SOLE 0 0 0
SCHLUMBERGER LTD COM 806857108 584 7640SH SOLE 0 0 0
CHARLES SCHWAB CORP NEW COM 808513105 4,316 75969SH SOLE 0 0 0
CALL SCHWAB CORP APR 055 CALL 8085139d9wi -24 -50SH CALL SOLE 0 0 0
CALL SCHWAB CORP JUN 060 CALL 8085139f4wi -88 -150SH CALL SOLE 0 0 0
SEAGRAM CO LTD COM 811850106 298 5000SH SOLE 0 0 0
SIEBEL SYSTEMS INC COM 826170102 580 4855SH SOLE 0 0 0
SINCLAIR BROADCAST GRP INC COM 829226109 223 25000SH SOLE 0 0 0
SOLECTRON CORP COM 834182107 200 5000SH SOLE 0 0 0
SONERA CORP PLC ADR COM 835433202 20,779 313050SH SOLE 0 0 0
SONY CORP-ADR NEW COM 835699307 1,008 3600SH SOLE 0 0 0
STARBUCKS CORP COM 855244109 2,449 54640SH SOLE 0 0 0
STATION CASINOS INC COM 857689103 320 14656SH SOLE 0 0 0
STONE ENERGY CORP COM 861642106 246 5000SH SOLE 0 0 0
SUN MICROSYSTEMS INC COM 866810104 22,804 243362SH SOLE 0 0 0
SYCAMORE NETWORKS INC. COM 871206108 323 2500SH SOLE 0 0 0
TCI SATELLITE ENT INC-CL A COM 872298104 574 30000SH SOLE 0 0 0
TARGET CORP COM 87612e106 748 10000SH SOLE 0 0 0
TEKTRONIX INC COM 879131100 280 5000SH SOLE 0 0 0
AT&T CORP LIBERTY MEDIA COM 87924v507 49,326 832502SH SOLE 0 0 0
TELECOM HOLDRS TR COM 87927p200 228 2500SH SOLE 0 0 0
TELEDYNE TECHNOLOGIES COM 879360105 348 20000SH SOLE 0 0 0
TELLABS INC COM 879664100 315 5000SH SOLE 0 0 0
TENET HEALTHCARE CORP COM 88033g100 30,388 1321198SH SOLE 0 0 0
CALL TENET HEALTH MAY 17.5 CALL 88033g9e2 403 700SH CALL SOLE 0 0 0
PUT TENET HEALTH MAY 17.5 PUT 88033g9q5 -4 -200SH PUT SOLE 0 0 0
TEXACO INC COM 881694103 1,396 26030SH SOLE 0 0 0
TEXAS INSTRUMENTS INC COM 882508104 35,003 218770SH SOLE 0 0 0
CALL TEXAS INSTRU APR 170 CALL 98399w9d6 -13 -20SH CALL SOLE 0 0 0
CALL TEXAS INSTRU APR 180 CALL 98399w9d6 -4 -10SH CALL SOLE 0 0 0
PUT TEXAS INSTRU APR 160 PUT 98399w9p9 -10 -10SH PUT SOLE 0 0 0
PUT TEXAS INSTRU APR 155 PUT 98399w9p9 -8 -10SH PUT SOLE 0 0 0
TIME WARNER INC COM 887315109 76,794 767944SH SOLE 0 0 0
TRIBUNE CO NEW COM 896047107 293 8000SH SOLE 0 0 0
TRIQUINT SEMICONDUCTOR INC COM 89674k103 353 4800SH SOLE 0 0 0
TYCO INTERNATIONAL LTD COM 902124106 8,925 178950SH SOLE 0 0 0
US BANCORP-DEL COM 902973106 217 9936SH SOLE 0 0 0
USA NETWORKS INC COM 902984103 1,486 65852SH SOLE 0 0 0
UNITED PARCEL SERVICE COM 911312106 2,873 45600SH SOLE 0 0 0
US WEST INC NEW COM 91273h101 9,888 136150SH SOLE 0 0 0
UNITEDGLOBALCOM CL A COM 913247508 1,163 15500SH SOLE 0 0 0
UNIVISION COMMNS INC CL A COM 914906102 1,921 17000SH SOLE 0 0 0
VALUEVISION INTL INC CL A COM 92047k107 252 6100SH SOLE 0 0 0
VERITAS SOFTWARE CORP COM 923436109 1,234 9420SH SOLE 0 0 0
VERTICALNET INC-PA COM 92532l107 612 4500SH SOLE 0 0 0
VIACOM INC-CL B COM 925524308 5,201 98590SH SOLE 0 0 0
VITESSE SEMICONDUCTOR CORP COM 928497106 256 2660SH SOLE 0 0 0
VIVENDI SPONSORD ADR COM 92851s105 461 20000SH SOLE 0 0 0
VODAFONE AIRTOUCH PLC ADR COM 92857t107 83,381 1500660SH SOLE 0 0 0
WAL-MART STORES INC COM 931142103 506 9110SH SOLE 0 0 0
WALGREEN CO COM 931422109 232 9000SH SOLE 0 0 0
WARNER-LAMBERT CO COM 934488107 2,944 30197SH SOLE 0 0 0
WASHINGTON MUTUAL INC COM 939322103 265 10000SH SOLE 0 0 0
WELLS FARGO & CO-NEW COM 949746101 8,358 204153SH SOLE 0 0 0
WILLIAMS SONOMA INC COM 969904101 740 23875SH SOLE 0 0 0
WORLD COMMERCE ONLINE INC COM 98144q103 450 20000SH SOLE 0 0 0
MCI WORLDCOM INC COM 98157d106 31,489 694919SH SOLE 0 0 0
XILINX INC COM 983919101 207 2500SH SOLE 0 0 0
XEROX CORP COM 984121103 5,178 199154SH SOLE 0 0 0
YAHOO INC COM 984332106 8,561 49956SH SOLE 0 0 0
YOUNG & RUBICAM INC COM 987425105 17,286 367785SH SOLE 0 0 0
GLOBAL CROSSING LTD COM g3921a100 2,747 67100SH SOLE 0 0 0
CHECK POINT SOFTWARE TECH LTD COM m22465104 3,627 21200SH SOLE 0 0 0
FLEXTRONICS INTL LTD COM y2573f102 17,284 245380SH SOLE 0 0 0
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