UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 13F
FORM 13F COVER PAGE
Report fo the Calender Year of Quarter Ended: 06/30/00
Check here if Amendment [ ]; Amendment Number: _________
This Amendement (Check only on[ ] 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 AUGUST 14, 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: 200
Form 13F Information Table Value Total (x$1000): 1,882,428
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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 PRN CALL DISC MGRS SOLESHARED NONE
AT&T CORP COM 001957109 1,161 36721 SH SOLE 0.001 0 0 0
CALL AT&T CORP JUL 040 CBOE CALL 0019579g6 -1 -100 SH CALL SOLE 0 0 0
ABBOTT LABORATORIES COM 002824100 37,735 846776 SH SOLE 0 0 0
ABERCROMBIE & FITCH CO-CL A COM 002896207 2,502 205300 SH SOLE 0 0 0
AGILENT TECHNOLOGIES INC. COM 00846u101 354 4801 SH SOLE 0 0 0
ALLERGAN INC. COM 018490102 42,243 567025 SH SOLE 0 0 0
CALL ALLERGAN INC JUN 070 CALL 0184909f1 0 -3 SH CALL SOLE 0 0 0
CALL ALLERGAN INC JUL 070 CALL 0184909g9 -13 -25 SH CALL SOLE 0 0 0
CALL ALLERGAN INC JUL 075 CALL 0184909g9 -287 -1275 SH CALL SOLE 0 0 0
ALLTEL CORP COM 020039103 34,011 549119 SH SOLE 0 0 0
AMERICA ONLINE INC-DEL COM 02364j104 7,310 138587 SH SOLE 0 0 0
CALL AMER ONLINE JUL 060 CALL 18799w9g3 -2 -50 SH CALL SOLE 0 0 0
AMERICAN EXPRESS COMPANY COM 025816109 360 6909 SH SOLE 0 0 0
AMERICAN HOME PRODUCTS CORP COM 026609107 913 15533 SH SOLE 0 0 0
AMERICAN INTERNATIONAL GRP COM 026874107 17,296 147202 SH SOLE 0 0 0
AMGEN INC COM 031162100 3,028 43100 SH SOLE 0 0 0
ANADARKO PETROLEUM CORP COM 032511107 296 6000 SH SOLE 0 0 0
APPLIED MATERIALS INC COM 038222105 544 6000 SH SOLE 0 0 0
APPLIED MICRO CIRCUITS CORP COM 03822w109 707 7160 SH SOLE 0 0 0
ATMEL CORP COM 049513104 221 6000 SH SOLE 0 0 0
AUTOMATIC DATA PROCESSING INC COM 053015103 48,472 904955 SH SOLE 0 0 0
AVIGEN INC COM 053690103 668 15235 SH SOLE 0 0 0
BHC COMMUNICATIONS INC-CL A COM 055448104 469 3123 SH SOLE 0 0 0
BP AMOCO P L C SPONSORED ADR COM 055622104 747 13200 SH SOLE 0 0 0
BANK OF AMER CORP COM 060505104 435 10114 SH SOLE 0 0 0
BELLSOUTH CORP COM 079860102 330 7736 SH SOLE 0 0 0
BIOTECH HOLDRS TR COM 09067d201 267 1500 SH SOLE 0 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 7,225 124027 SH SOLE 0 0 0
BROADCOM CORP CL A COM 111320107 1,432 6540 SH SOLE 0 0 0
BROADVISION INC COM 111412102 254 5000 SH SOLE 0 0 0
BROCADE COMMUNICATIONS COM 111621108 459 2500 SH SOLE 0 0 0
BURLINGTON RESOURCES INC COM 122014103 2,339 61152 SH SOLE 0 0 0
PUT BRLNGTON RES JUL 040 PUT 1220149s4 -12 -50 SH PUT SOLE 0 0 0
CNET INC FORMERLY C NET INC-DE COM 12613r104 1,585 64512 SH SOLE 0 0 0
CHASE MANHATTAN CORP NEW COM 16161a108 8,846 192042 SH SOLE 0 0 0
CHEVRON CORP COM 166751107 320 3772 SH SOLE 0 0 0
CHINA MOBILE HONG KONG ADR COM 16941m109 3,681 20700 SH SOLE 0 0 0
CISCO SYSTEMS INC COM 17275r102 80,658 1268943 SH SOLE 0 0 0
CITIGROUP INC COM 172967101 102,378 1699219 SH SOLE 0 0 0
CALL CITIGROUP JUL 060 CALL 1729679g8 -13 -50 SH CALL SOLE 0 0 0
CLEAR CHANNEL COMMS INC COM 184502102 375 5000 SH SOLE 0 0 0
COCA COLA CO COM 191216100 26,747 465668 SH SOLE 0 0 0
COLGATE PALMOLIVE CO COM 194162103 32,141 536799 SH SOLE 0 0 0
COMCAST CORP-SPECIAL CL A COM 200300200 444 10972 SH SOLE 0 0 0
COMMERCE ONE INC COM 200693109 227 5000 SH SOLE 0 0 0
COMPUTER SCIENCES CORP COM 205363104 762 10200 SH SOLE 0 0 0
CORNING INC COM 219350105 1,026 3800 SH SOLE 0 0 0
COSTCO COMPANIES INC COM 22160k105 22,548 683280 SH SOLE 0 0 0
CALL COSTCO WHOLE JUL 035 CALL 22160k9g2 -1 -20 SH CALL SOLE 0 0 0
PUT COSTCO WHOLE JUL 27.5 PUT 22160k9s6 -1 -20 SH PUT SOLE 0 0 0
COX COMMUNICATIONS CL A COM 224044107 1,011 22188 SH SOLE 0 0 0
CREE INC COM 225447101 534 4000 SH SOLE 0 0 0
DELL COMPUTER CORP COM 247025109 1,167 23663 SH SOLE 0 0 0
DIAMONDS TRUST-UNIT SERIES 1 COM 252787106 1,670 16000 SH SOLE 0 0 0
WALT DISNEY CO HOLDING CO COM 254687106 20,876 537865 SH SOLE 0 0 0
DOUBLECLICK INC COM 258609304 1,648 43220 SH SOLE 0 0 0
EMC CORP-MASS COM 268648102 44,340 576308 SH SOLE 0 0 0
E-TEK DYNAMICS INC COM 269240107 1,847 7000 SH SOLE 0 0 0
ENRON CORP COM 293561106 5,265 81630 SH SOLE 0 0 0
EXXON MOBIL CORP COM 30231g102 4,182 53269 SH SOLE 0 0 0
FREDDIE MAC-VOTING COM 313400301 43,944 1085029 SH SOLE 0 0 0
FANNIE MAE COM 313586109 12,210 233967 SH SOLE 0 0 0
FIRST SECURITY CORP-DEL COM 336294103 475 35000 SH SOLE 0 0 0
FORD MOTOR CO COM 345370860 933 21695 SH SOLE 0 0 0
FOX ENTERTAINMENT GRP CL A COM 35138t107 9,461 311466 SH SOLE 0 0 0
GAP INC COM 364760108 1,557 49837 SH SOLE 0 0 0
GENERAL ELECTRIC CO COM 369604103 28,345 534815 SH SOLE 0 0 0
GENERAL MOTORS CORP COM 370442105 171 2938 SH SOLE 0 0 0
GENERAL MOTORS CL H COM 370442832 36,492 415861 SH SOLE 0 0 0
PUT GENL MTRS-H JUL 085 PUT 3709999s5 -13 -50 SH PUT SOLE 0 0 0
GILLETTE CO COM 375766102 36,020 1030959 SH SOLE 0 0 0
GLENBOROUGH REALTY TRUST INC COM 37803p105 209 12000 SH SOLE 0 0 0
GOLDMAN SACHS GROUP INC COM 38141g104 849 8950 SH SOLE 0 0 0
CALL GOLDMAN SACH JUL 085 CALL 38141g9g1 -109 -100 SH CALL SOLE 0 0 0
CALL GOLDMAN SACH JUL 095 CALL 38141g9g1 -16 -50 SH CALL SOLE 0 0 0
GRUPO TELEVISA SA DE CV-GDS COM 40049j206 485 7038 SH SOLE 0 0 0
GUIDANT CORP COM 401698105 26,210 529496 SH SOLE 0 0 0
COLUMBIA/HCA HEALTHCARE CORP COM 404119109 11,068 364386 SH SOLE 0 0 0
CALL HCA-HLTHCARE JUL 030 CALL 4041199g6 -14 -100 SH CALL SOLE 0 0 0
HALLIBURTON CO COM 406216101 19,083 404406 SH SOLE 0 0 0
PUT HALLIBURTON JUL 045 PUT 4062169s2 -6 -50 SH PUT SOLE 0 0 0
HEALTHSOUTH CORP COM 421924101 252 35000 SH SOLE 0 0 0
HEWLETT PACKARD CO COM 428236103 706 5650 SH SOLE 0 0 0
HOME DEPOT INC COM 437076102 1,734 34728 SH SOLE 0 0 0
HONEYWELL INC COM 438516106 596 17687 SH SOLE 0 0 0
IBP INC COM 449223106 232 15000 SH SOLE 0 0 0
CALL IBP INC AUG 15 CALL 4492239h1 -21 -150 SH CALL SOLE 0 0 0
INFOSPACE COM INC COM 45678t102 88 1600 SH SOLE 0 0 0
INKTOMI CORP COM 457277101 653 5520 SH SOLE 0 0 0
INTEL CORP COM 458140100 101,745 761063 SH SOLE 0 0 0
CALL INTEL CORP JUL 130 CALL 4581409g7 -19 -25 SH CALL SOLE 0 0 0
IBM CORP COM 459200101 42,098 384238 SH SOLE 0 0 0
CALL CISCO SYSTEM JUL 60 CALL 45999w9g4 -13 -25 SH CALL SOLE 0 0 0
CALL CISCO SYSTEM JUL 65 CALL 45999w9g4 -4 -21 SH CALL SOLE 0 0 0
INTRAWEST CORP NEW COM 460915200 190 10000 SH SOLE 0 0 0
JDS UNIPHASE CORP COM COM 46612j101 2,362 19700 SH SOLE 0 0 0
JOHNSON & JOHNSON COM 478160104 17,553 172297 SH SOLE 0 0 0
JUNIPER NETWORKS COM 48203r104 1,310 9000 SH SOLE 0 0 0
KIMBERLY CLARK CORP COM 494368103 39,561 689510 SH SOLE 0 0 0
KINDER MORGAN ENERGY LP COM 494550106 1,621 40600 SH SOLE 0 0 0
KONINKLIJKE PHILIPS ELEC COM 500472303 262 5520 SH SOLE 0 0 0
LSI LOGIC CORP COM 502161102 271 5000 SH SOLE 0 0 0
LAKEHEAD PIPE LINE PTNRS LP CL COM 511557100 401 10000 SH SOLE 0 0 0
ESTEE LAUDER COS CL A COM 518439104 44,180 893647 SH SOLE 0 0 0
ELI LILLY & CO COM 532457108 4,279 42842 SH SOLE 0 0 0
LINEAR TECHNOLOGY CORP COM 535678106 17,129 267900 SH SOLE 0 0 0
CALL LINEAR TECH JUL 075 CALL 5356789g3 -56 -644 SH CALL SOLE 0 0 0
LUCENT TECHNOLOGIES INC COM 549463107 6,913 116667 SH SOLE 0 0 0
MBNA CORP COM 55262l100 39,721 1464358 SH SOLE 0 0 0
MRV COMMUNICATIONS INC COM 553477100 336 5000 SH SOLE 0 0 0
MANUGISTICS GROUP INC COM 565011103 351 7500 SH SOLE 0 0 0
MATTEL INC COM 577081102 290 22000 SH SOLE 0 0 0
MAXIM INTEGRATED PDTS COM 57772k101 306 4500 SH SOLE 0 0 0
MCKESSON HBOC INC COM COM 58155q103 2,157 103000 SH SOLE 0 0 0
MEDIAONE GROUP COM 58440j401 2,176 24200 SH SOLE 0 0 0
MEDTRONIC INC COM 585055106 762 15300 SH SOLE 0 0 0
MELLON BANK CORP COM 58551a108 543 14894 SH SOLE 0 0 0
MERCK & CO INC COM 589331107 16,201 211426 SH SOLE 0 0 0
MERRILL LYNCH & CO INC COM 590188108 236 2049 SH SOLE 0 0 0
METROMEDIA FIBER NTWRK CL A COM 591689104 278 7000 SH SOLE 0 0 0
MICROSOFT CORP COM 594918104 90,553 1131909 SH SOLE 0 0 0
MICROCHIP TECHNOLOGY INC COM 595017104 291 5000 SH SOLE 0 0 0
MICRON TECHNOLOGY INC COM 595112103 8,674 98500 SH SOLE 0 0 0
PUT MICRON TECH JUL 070 PUT 5951129s4 -2 -50 SH PUT SOLE 0 0 0
MINIMED INC COM 60365k108 236 2000 SH SOLE 0 0 0
J P MORGAN & CO INC COM 616880100 1,061 9634 SH SOLE 0 0 0
MOTOROLA INC COM 620076109 45,619 1569668 SH SOLE 0 0 0
CALL MOTOROLA INC JUL 040 CALL 6200769g6 -1 -114 SH CALL SOLE 0 0 0
NTL INC COM 629407107 23,497 392438 SH SOLE 0 0 0
NABISCO HOLDINGS CORP-CL A COM 629526104 210 4000 SH SOLE 0 0 0
NABISCO GROUP HLDG CORP COM 62952p102 208 8000 SH SOLE 0 0 0
NEWS CORP LTD-ADR COM 652487703 464 8514 SH SOLE 0 0 0
NEWS CORP LTD ADR COM 652487802 475 10000 SH SOLE 0 0 0
NIKE INC-CL B COM 654106103 239 6000 SH SOLE 0 0 0
CALL NIKE INC JUL 050 PSE CALL 6541069g0 -1 -50 SH CALL SOLE 0 0 0
NOKIA CORP ADR COM 654902204 46,709 935330 SH SOLE 0 0 0
NORTEL NETWORKS CORP NEW COM 656568102 8,265 121100 SH SOLE 0 0 0
ORACLE CORP COM 68389x105 8,832 105070 SH SOLE 0 0 0
PUT ORACLE CORP JUL 075 PUT 64599w9s3 -4 -50 SH PUT SOLE 0 0 0
PE CORP PE BIOSYSTEMS GRP COM 69332s102 329 5000 SH SOLE 0 0 0
PE CORP CELERA GENOMICS GRP COM 69332s201 561 6000 SH SOLE 0 0 0
PMC-SIERRA INC COM 69344f106 622 3500 SH SOLE 0 0 0
J C PENNEY CO INC COM 708160106 266 14450 SH SOLE 0 0 0
PEPSICO INC COM 713448108 619 13925 SH SOLE 0 0 0
PFIZER INC COM 717081103 42,550 886448 SH SOLE 0 0 0
PHARMACIA CORP COM 71713u102 259 5016 SH SOLE 0 0 0
PHILIP MORRIS COMPANIES INC COM 718154107 401 15080 SH SOLE 0 0 0
PLAINS RESOURCES INC COM 726540503 263 16500 SH SOLE 0 0 0
PORTAL SOFTWARE INC COM 736126103 11,731 183650 SH SOLE 0 0 0
PROCTER & GAMBLE CO COM 742718109 1,037 18112 SH SOLE 0 0 0
QUALCOMM INC COM 747525103 883 14715 SH SOLE 0 0 0
RF MICRO DEVICES INC COM 749941100 1,424 16250 SH SOLE 0 0 0
REALNETWORKS INC COM 75605l104 1,431 28310 SH SOLE 0 0 0
ROYAL DUTCH PETE COM 780257804 10,737 174400 SH SOLE 0 0 0
SBC COMMUNICATIONS INC COM 78387g103 587 13569 SH SOLE 0 0 0
SAFEWAY INC COM 786514208 1,066 23617 SH SOLE 0 0 0
CALL SAFEWAY INC JUL 050 CALL 7865149g6 -1 -50 SH CALL SOLE 0 0 0
SCHERING PLOUGH CORP COM 806605101 2,833 56100 SH SOLE 0 0 0
SCHLUMBERGER LTD COM 806857108 679 9096 SH SOLE 0 0 0
CHARLES SCHWAB CORP NEW COM 808513105 3,840 114203 SH SOLE 0 0 0
SEAGRAM CO LTD COM 811850106 557 9600 SH SOLE 0 0 0
CALL SEAGRAM LTD JUL 060 PSE CALL 8118509g3 -10 -80 SH CALL SOLE 0 0 0
SIEBEL SYSTEMS INC COM 826170102 712 4355 SH SOLE 0 0 0
SINCLAIR BROADCAST GRP COM 829226109 275 25000 SH SOLE 0 0 0
SONERA CORP PLC ADR COM 835433202 12,995 282500 SH SOLE 0 0 0
STATION CASINOS INC COM 857689103 366 14656 SH SOLE 0 0 0
STONE ENERGY CORP COM 861642106 299 5000 SH SOLE 0 0 0
SUN MICROSYSTEMS INC COM 866810104 3,304 36332 SH SOLE 0 0 0
CALL SUN MICROSYS JUL 090 CALL 88099w9g3 -5 -10 SH CALL SOLE 0 0 0
SYCAMORE NETWORKS INC. COM 871206108 442 4000 SH SOLE 0 0 0
TARGET CORP COM 87612e106 580 10000 SH SOLE 0 0 0
AT&T CORP LIBERTY MEDIA COM 87924v507 46,377 1912452 SH SOLE 0 0 0
TENET HEALTHCARE CORP COM 88033g100 36,106 1337265 SH SOLE 0 0 0
TEXACO INC COM 881694103 555 10416 SH SOLE 0 0 0
CALL TEXACO INC JUL 060 CALL 8816949g0 -4 -80 SH CALL SOLE 0 0 0
TEXAS INSTRUMENTS INC COM 882508104 24,312 353947 SH SOLE 0 0 0
CALL TEXAS INSTRS JUL 90 CALL 98399w9g9 -1 -20 SH CALL SOLE 0 0 0
TIME WARNER INC (HOLDING CO) COM 887315109 72,651 955933 SH SOLE 0 0 0
PUT TIME WARNER JUL 070 PUT 8873159s0 -6 -50 SH PUT SOLE 0 0 0
TRIBUNE CO NEW COM 896047107 280 8000 SH SOLE 0 0 0
USA NETWORKS INC COM 902984103 1,402 64852 SH SOLE 0 0 0
UNITED PARCEL SERVICE COM 911312106 2,584 43800 SH SOLE 0 0 0
UNIVISION COMMUNICATIONS INC C COM 914906102 1,449 14000 SH SOLE 0 0 0
VERITAS SOFTWARE CORP COM 923436109 500 4420 SH SOLE 0 0 0
VERIZON COMMUNICATIONS COM 92343v104 273 5373 SH SOLE 0 0 0
VIACOM INC-CL B COM 925524308 93,315 1368489 SH SOLE 0 0 0
CALL VIACOM-CL B JUL 065 CALL 92599w9g0 -21 -50 SH CALL SOLE 0 0 0
VIVENDI SPONSORD ADR COM 92851s105 354 20000 SH SOLE 0 0 0
VODAFONE AIRTOUCH PLC ADR COM 92857w100 67,626 1631985 SH SOLE 0 0 0
VOICESTREAM WIRELESS CORP COM 928615103 581 5000 SH SOLE 0 0 0
WAL-MART STORES INC COM 931142103 698 12110 SH SOLE 0 0 0
WALGREEN CO COM 931422109 290 9000 SH SOLE 0 0 0
WELLS FARGO & CO-NEW COM 949746101 7,151 184553 SH SOLE 0 0 0
WILLIAMS SONOMA INC COM 969904101 1,259 38800 SH SOLE 0 0 0
XEROX CORP COM 984121103 1,063 51220 SH SOLE 0 0 0
YAHOO INC COM 984332106 6,099 49236 SH SOLE 0 0 0
GLOBAL CROSSING LTD COM g3921a100 2,252 85600 SH SOLE 0 0 0
PUT GLOBAL CROSS JUL 030 PUT g3921a9s1 -29 -70 SH PUT SOLE 0 0 0
SANTA FE INTERNATIONAL CORP COM g7805c108 4,909 140500 SH SOLE 0 0 0
FLEXTRONICS INTERNATIONAL LTD COM y2573f102 22,992 334730 SH SOLE 0 0 0
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