UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 13F
FORM 13F COVER PAGE
Report fo the Calender Year of Quarter Ended: 09/30/00
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 NOVEMBER 13, 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: 234
Form 13F Information Table Value Total (x$1000): 1,859,165
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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 3022 102866SH SOLE 0.001 0 0 0
ABBOTT LABORATORIES COM 002824100 38650 812613SH SOLE 0 0 0
AKAMAI TECHNOLOGIES COM 00971t101 263 5000SH SOLE 0 0 0
ALBERTSONS INC COM 013104104 210 10000SH SOLE 0 0 0
PUT ALBERTSONS DEC 20 PUT 0131049x4 -5 -50SH PUT SOLE 0 0 0
ALLERGAN INC. COM 018490102 28004 331655SH SOLE 0 0 0
CALL ALLERGAN INC OCT 80 CALL 0184909j3 -15 -25SH CALL SOLE 0 0 0
ALLIED CAPITAL CORP NEW COM 01903q108 4916 236900SH SOLE 0 0 0
ALLSTATE CORP COM 020002101 6504 187170SH SOLE 0 0 0
ALTERA CORP COM 021441100 239 5000SH SOLE 0 0 0
AMERICA ONLINE INC-DEL COM 02364j104 6958 129445SH SOLE 0 0 0
AMERICAN EXPRESS COMPANY COM 025816109 1288 21209SH SOLE 0 0 0
AMERICAN HOME PRODUCTS CORP COM 026609107 871 15400SH SOLE 0 0 0
AMERICAN INTL GRP INC COM 026874107 20934 218777SH SOLE 0 0 0
AMGEN INC COM 031162100 2849 40800SH SOLE 0 0 0
ANADARKO PETROLEUM CORP COM 032511107 6448 97025SH SOLE 0 0 0
PUT ANADARKO PET NOV 55 PUT 0325119w9 -3 -25SH PUT SOLE 0 0 0
ANALOG DEVICES INC COM 032654105 206 2500SH SOLE 0 0 0
APPLIED MATERIALS INC COM 038222105 504 8500SH SOLE 0 0 0
APPLIED MICRO CIRCUITS CORP COM 03822w109 571 2760SH SOLE 0 0 0
ASSOCIATES FIRST CAPL CL A COM 046008108 4039 106300SH SOLE 0 0 0
AURORA BIOSCIENCES CORP COM 051920106 340 5000SH SOLE 0 0 0
AUTOMATIC DATA PROCESSING INC COM 053015103 66365 992375SH SOLE 0 0 0
CALL AUTO DATA OCT 065 CALL 0530159j4 -33 -105SH CALL SOLE 0 0 0
AVIGEN INC COM 053690103 368 9270SH SOLE 0 0 0
BHC COMMUNS INC-CL A COM 055448104 491 3123SH SOLE 0 0 0
BP AMOCO P L C SPONSORED ADR COM 055622104 734 13856SH SOLE 0 0 0
BANK OF AMER CORP COM 060505104 483 9225SH SOLE 0 0 0
BANK ONE CORP COM 06423a103 241 6250SH SOLE 0 0 0
PUT BANK ONE CP OCT 32.5 PUT 06423a9v7 -1 -50SH PUT SOLE 0 0 0
BELLSOUTH CORP COM 079860102 243 6036SH SOLE 0 0 0
BIOTECH HOLDRS TR DEP RCPTS COM 09067d201 292 1500SH SOLE 0 0 0
BOEING CO COM 097023105 280 4450SH SOLE 0 0 0
CALL BOEING CO JAN 40 CALL 0970239a5 -87 -37SH CALL SOLE 0 0 0
BOISE CASCADE CORP COM 097383103 903 34000SH SOLE 0 0 0
BOOKHAM TECHNOLOGY PLC ADR COM 09856q108 214 5000SH SOLE 0 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 6486 113540SH SOLE 0 0 0
BROADCOM CORP CL A COM 111320107 1472 6040SH SOLE 0 0 0
BROCADE COMMUNICATIONS COM 111621108 1180 5000SH SOLE 0 0 0
BURLINGTON RESOURCES INC COM 122014103 5007 136000SH SOLE 0 0 0
CALPINE CORP COM 131347106 261 2500SH SOLE 0 0 0
CHASE MANHATTAN CORP NEW COM 16161a108 7815 169192SH SOLE 0 0 0
PUT CHASE MNHATN OCT 050 PUT 16161a9v2 -21 -50SH PUT SOLE 0 0 0
CHEVRON CORP COM 166751107 322 3772SH SOLE 0 0 0
CHINA MOBILE HONG KONG LTD ADR COM 16941m109 2264 69800SH SOLE 0 0 0
CHIRON CORP COM 170040109 225 5000SH SOLE 0 0 0
CIENA CORP COM 171779101 1228 10000SH SOLE 0 0 0
CISCO SYSTEMS INC COM 17275r102 71435 1292938SH SOLE 0 0 0
CITIGROUP INC COM 172967101 123638 2286932SH SOLE 0 0 0
COCA COLA CO COM 191216100 8724 158259SH SOLE 0 0 0
COLGATE PALMOLIVE CO COM 194162103 17120 362719SH SOLE 0 0 0
COMCAST CORP-SPECIAL CL A COM 200300200 449 10972SH SOLE 0 0 0
COMMERCE ONE INC COM 200693109 1178 15000SH SOLE 0 0 0
COMPUTER SCIENCES CORP COM 205363104 757 10200SH SOLE 0 0 0
CORNING INC COM 219350105 2762 9300SH SOLE 0 0 0
COSTCO COMPANIES INC COM 22160k105 28774 823580SH SOLE 0 0 0
CALL COSTCO WHOLE OCT 35 CALL 22160k9j6 -7 -40SH CALL SOLE 0 0 0
PUT COSTCO WHOLE OCT 030 PUT 22160k9v9 -1 -100SH PUT SOLE 0 0 0
COX COMMUNICATIONS INC NEW CL A COM 224044107 849 22188SH SOLE 0 0 0
CREE INC COM 225447101 465 4000SH SOLE 0 0 0
CYPRESS SEMICONDUCTOR CORP COM 232806109 208 5000SH SOLE 0 0 0
DELL COMPUTER CORP COM 247025109 677 21963SH SOLE 0 0 0
PUT DELL COMPUTR OCT 040 PUT 2470259v3 -46 -50SH PUT SOLE 0 0 0
PUT DELL COMPUTR OCT 37.5 PUT 2470259v3 -34 -50SH PUT SOLE 0 0 0
DIAMONDS TRUST-UNIT SERIES 1 COM 252787106 2026 19000SH SOLE 0 0 0
WALT DISNEY CO HOLDING CO COM 254687106 30509 797622SH SOLE 0 0 0
DOUBLECLICK INC COM 258609304 992 31000SH SOLE 0 0 0
EMC CORP-MASS COM 268648102 58332 588473SH SOLE 0 0 0
ENRON CORP COM 293561106 14879 169808SH SOLE 0 0 0
PUT ENRON CORP OCT 80 PUT 2935619v0 -2 -25SH PUT SOLE 0 0 0
ENTRAVISION COMMUNS COM 29382r107 226 13000SH SOLE 0 0 0
EXTREME NETWORKS INC COM 30226d106 573 5000SH SOLE 0 0 0
EXXON MOBIL CORP COM 30231g102 4356 48874SH SOLE 0 0 0
FREDDIE MAC COM 313400301 76365 1412519SH SOLE 0 0 0
PUT FREDDIE MAC OCT 45 PUT 3134009v7 0 -25SH PUT SOLE 0 0 0
PUT FED NATL MTG OCT 60 PUT 3135869v3 -1 -50SH PUT SOLE 0 0 0
FANNIE MAE COM 313586109 16548 231436SH SOLE 0 0 0
FIRST SECURITY CORP-DEL COM 336294103 571 35000SH SOLE 0 0 0
FORD MOTOR CO - NEW COM 345370860 506 19995SH SOLE 0 0 0
FOX ENTERTAINMENT GRP INC CL A COM 35138t107 1370 51700SH SOLE 0 0 0
CALL FOX ENTRTAIN OCT 30 CALL 35138t9j8 -10 -273SH CALL SOLE 0 0 0
GAP INC COM 364760108 933 46337SH SOLE 0 0 0
PUT GAP INC NOV 20 PUT 3647609w0 -4 -25SH PUT SOLE 0 0 0
GENERAL ELECTRIC CO COM 369604103 51385 890744SH SOLE 0 0 0
PUT GENERAL ELEC OCT 55 PUT 3696049v7 -2 -25SH PUT SOLE 0 0 0
GENERAL MOTORS CORP COM 370442105 288 4429SH SOLE 0 0 0
GENERAL MOTORS CORP CL H COM 370442832 16098 432988SH SOLE 0 0 0
CALL GENL MTRS-H OCT 35 CALL 3709999j5 -1212 -4329SH CALL SOLE 0 0 0
GILLETTE CO COM 375766102 870 28188SH SOLE 0 0 0
GLENBOROUGH REALTY TR COM 37803p105 216 12000SH SOLE 0 0 0
GOLDMAN SACHS GROUP INC COM 38141g104 1168 10250SH SOLE 0 0 0
GRUPO TELEVISA SA DE CV-GDS COM 40049j206 406 7038SH SOLE 0 0 0
GUIDANT CORP COM 401698105 42260 597841SH SOLE 0 0 0
CALL GUIDANT CORP OCT 65 CALL 4016989j6 -1186 -1665SH CALL SOLE 0 0 0
COLUMBIA/HCA HEALTHCARE CORP COM 404119109 12600 339386SH SOLE 0 0 0
CALL HCA-HLTHCARE OCT 40 CALL 4041199j0 -1 -75SH CALL SOLE 0 0 0
PUT HCA-HLTHCARE OCT 30 PUT 4041199v3 -1 -25SH PUT SOLE 0 0 0
HALLIBURTON CO COM 406216101 20362 416086SH SOLE 0 0 0
CALL HALLIBURTON OCT 50 CALL 4062169j2 -289 -1491SH CALL SOLE 0 0 0
PUT HALLIBURTON OCT 45 PUT 4062169v5 -2 -25SH PUT SOLE 0 0 0
HEALTHSOUTH CORP COM 421924101 284 35000SH SOLE 0 0 0
HEWLETT PACKARD CO COM 428236103 480 4950SH SOLE 0 0 0
HOME DEPOT INC COM 437076102 2542 47913SH SOLE 0 0 0
HONEYWELL INC COM 438516106 623 17500SH SOLE 0 0 0
IMPERIAL BANCORP COM 452556103 383 20000SH SOLE 0 0 0
INCYTE PHARMACEUTICALS INC COM 45337c102 206 5000SH SOLE 0 0 0
INFINITY B'CASTING CORP COM 45662s102 446 13500SH SOLE 0 0 0
INKTOMI CORP COM 457277101 344 3020SH SOLE 0 0 0
INTEL CORP COM 458140100 62413 1499416SH SOLE 0 0 0
CALL INTEL CORP OCT 60 CALL 4581409j1 -1 -89SH CALL SOLE 0 0 0
INTL BUS MACHINES COM 459200101 44330 394040SH SOLE 0 0 0
CALL IBM OCT 145 CALL 4592009j2 0 -20SH CALL SOLE 0 0 0
I2 TECHNOLOGIES INC COM 465754109 307 1640SH SOLE 0 0 0
JDS UNIPHASE CORP COM COM 46612j101 5312 56100SH SOLE 0 0 0
JOHNSON & JOHNSON COM 478160104 15979 170099SH SOLE 0 0 0
JUNIPER NETWORKS COM 48203r104 1861 8500SH SOLE 0 0 0
KIMBERLY CLARK CORP COM 494368103 40690 729050SH SOLE 0 0 0
PUT KIMBRLY CLRK OCT 050 PUT 4943689v7 -2 -75SH PUT SOLE 0 0 0
KINDER MORGAN ENERGY PTNRS COM 494550106 1923 40600SH SOLE 0 0 0
KINDER MORGAN INC KANS COM 49455p101 30663 749000SH SOLE 0 0 0
KNIGHT/TRIMARK GROUP CL A COM 499063105 360 10000SH SOLE 0 0 0
KONINKLIJKE PHILIPS ELEC COM 500472303 228 5354SH SOLE 0 0 0
KROGER CO COM 501044101 21005 930930SH SOLE 0 0 0
LSI LOGIC CORP COM 502161102 293 10000SH SOLE 0 0 0
LAKEHEAD PIPE LINE PTNR COM 511557100 228 5500SH SOLE 0 0 0
ESTEE LAUDER COS COM 518439104 34752 948867SH SOLE 0 0 0
PUT ESTEE LAUDER OCT 40 PUT 5184399v8 -20 -50SH PUT SOLE 0 0 0
PUT NORTEL NTWRK OCT 60 PUT 51899w9v0 -21 -50SH PUT SOLE 0 0 0
LEHMAN BROS HLGS INC COM 524908100 739 5000SH SOLE 0 0 0
ELI LILLY & CO COM 532457108 3735 46042SH SOLE 0 0 0
PUT ELI LILLY OCT 70 PUT 5324579v2 -1 -30SH PUT SOLE 0 0 0
LINEAR TECHNOLOGY CORP COM 535678106 25054 386940SH SOLE 0 0 0
LUCENT TECHNOLOGIES INC COM 549463107 2049 67046SH SOLE 0 0 0
MBNA CORP COM 55262l100 58060 1508053SH SOLE 0 0 0
MRV COMMUNICATIONS INC COM 553477100 227 5000SH SOLE 0 0 0
MANUGISTICS GROUP INC COM 565011103 670 6830SH SOLE 0 0 0
MATTEL INC COM 577081102 283 25300SH SOLE 0 0 0
PUT MATTEL INC NOV 010 PUT 5770819w4 -3 -100SH PUT SOLE 0 0 0
MAXIM INTEGRATED PDTS COM 57772k101 442 5500SH SOLE 0 0 0
MCKESSON HBOC INC COM COM 58155q103 3148 103000SH SOLE 0 0 0
MEDIAONE GROUP PREM INC COM 58440j401 2016 24200SH SOLE 0 0 0
MEDTRONIC INC COM 585055106 793 15300SH SOLE 0 0 0
PUT MEDTRONIC OCT 50 PUT 5850559v0 -2 -25SH PUT SOLE 0 0 0
MELLON BANK CORP COM 58551a108 691 14894SH SOLE 0 0 0
MERCK & CO INC COM 589331107 14277 191797SH SOLE 0 0 0
MERRILL LYNCH & CO INC COM 590188108 600 9098SH SOLE 0 0 0
METALS USA INC COM 591324108 1370 466159SH SOLE 0 0 0
MICROSOFT CORP COM 594918104 72078 1196316SH SOLE 0 0 0
MICROCHIP TECHNOLOGY INC COM 595017104 248 7500SH SOLE 0 0 0
MICRON TECHNOLOGY INC COM 595112103 460 10000SH SOLE 0 0 0
PUT MICRON TECH NOV 040 PUT 5951129w5 -8 -25SH PUT SOLE 0 0 0
MILLENNIUM PHARM COM 599902103 365 2500SH SOLE 0 0 0
MINIMED INC COM 60365k108 358 4000SH SOLE 0 0 0
J P MORGAN & CO INC COM 616880100 1574 9634SH SOLE 0 0 0
MOTOROLA INC COM 620076109 1054 37300SH SOLE 0 0 0
NABISCO GROUP HLDG CORP COM 62952p102 228 8000SH SOLE 0 0 0
NASDAQ 100 SHARES UNIT SER 1 COM 631100104 1995 22500SH SOLE 0 0 0
NATIONAL SEMICONDUCTOR CORP COM 637640103 403 10000SH SOLE 0 0 0
NEWS CORP LTD-ADR COM 652487703 477 8514SH SOLE 0 0 0
NEWS CORP LTD ADR COM 652487802 469 10000SH SOLE 0 0 0
NIKE INC-CL B COM 654106103 208 5200SH SOLE 0 0 0
NOKIA CORP COM 654902204 36795 924205SH SOLE 0 0 0
NORTEL NETWORKS CORP COM 656568102 8416 141300SH SOLE 0 0 0
ORACLE CORP COM 68389x105 9889 125570SH SOLE 0 0 0
PE CORP CELERA GENOMICS GRP COM 69332s201 468 4700SH SOLE 0 0 0
PMC-SIERRA INC COM 69344f106 538 2500SH SOLE 0 0 0
PALM INC COM 696642107 612 11557SH SOLE 0 0 0
CALL PALM INC JAN 070 CALL 8e199w9a2 -31 -10SH CALL SOLE 0 0 0
PEPSICO INC COM 713448108 631 13725SH SOLE 0 0 0
PFIZER INC COM 717081103 66709 1484475SH SOLE 0 0 0
PUT PFIZER INC OCT 040 PUT 7170819v7 0 -25SH PUT SOLE 0 0 0
PHARMACIA CORP COM 71713u102 230 3816SH SOLE 0 0 0
PHILIP MORRIS COMPANIES INC COM 718154107 462 15680SH SOLE 0 0 0
PLAINS RESOURCES INC COM 726540503 311 16500SH SOLE 0 0 0
PORTAL SOFTWARE INC COM 736126103 6699 167475SH SOLE 0 0 0
PROCTER & GAMBLE CO COM 742718109 1183 17659SH SOLE 0 0 0
QUALCOMM INC COM 747525103 1084 15215SH SOLE 0 0 0
RF MICRO DEVICES INC COM 749941100 235 7500SH SOLE 0 0 0
REALNETWORKS INC COM 75605l104 917 23060SH SOLE 0 0 0
RESEARCH IN MOTION LTD COM 760975102 493 5000SH SOLE 0 0 0
ROYAL DUTCH PETROLEUM CO COM 780257804 10142 169210SH SOLE 0 0 0
SBC COMMUNICATIONS INC COM 78387g103 486 9720SH SOLE 0 0 0
SDL INC COM 784076101 1617 5250SH SOLE 0 0 0
STANDARD & POORS DEP RECS COM 78462f103 1005 7000SH SOLE 0 0 0
SAFEWAY INC COM 786514208 963 20617SH SOLE 0 0 0
SANMINA CORP COM 800907107 234 2500SH SOLE 0 0 0
SCHERING PLOUGH CORP COM 806605101 2488 53500SH SOLE 0 0 0
SCHLUMBERGER LTD COM 806857108 734 8913SH SOLE 0 0 0
CHARLES SCHWAB CORP NEW COM 808513105 3522 99203SH SOLE 0 0 0
SEAGRAM CO LTD COM 811850106 620 10800SH SOLE 0 0 0
SIEBEL SYSTEMS INC COM 826170102 2417 21710SH SOLE 0 0 0
SINCLAIR BROADCAST GRP CL A COM 829226109 273 25000SH SOLE 0 0 0
SONY CORP-ADR NEW COM 835699307 254 2520SH SOLE 0 0 0
SONUS NETWORKS INC COM 835916107 1264 10000SH SOLE 0 0 0
SOUTHERN ENERGY, INC COM 842816100 1883 60000SH SOLE 0 0 0
STATION CASINOS INC COM 857689103 313 21983SH SOLE 0 0 0
STONE ENERGY CORP COM 861642106 275 5000SH SOLE 0 0 0
SUN MICROSYSTEMS INC COM 866810104 4847 41512SH SOLE 0 0 0
CALL SUN MICROSYS JAN 60 CALL 88099w9a6 -259 -40SH CALL SOLE 0 0 0
SYCAMORE NETWORKS INC. COM 871206108 486 4500SH SOLE 0 0 0
TARGET CORP COM 87612e106 513 20000SH SOLE 0 0 0
AT&T CORP LIBERTY MEDIA SER A COM 87924v507 47798 2655417SH SOLE 0 0 0
TELEDYNE TECHNOLOGIES COM 879360105 874 30000SH SOLE 0 0 0
TENET HEALTHCARE CORP COM 88033g100 51816 1424505SH SOLE 0 0 0
CALL TENET HEALTH OCT 35 AMEX CALL 88033g9j1 -20 -100SH CALL SOLE 0 0 0
TEXACO INC COM 881694103 598 11397SH SOLE 0 0 0
CALL TEXACO INC JAN 055 CALL 8816949a3 -26 -80SH CALL SOLE 0 0 0
TEXAS INSTRUMENTS INC COM 882508104 803 17022SH SOLE 0 0 0
TIME WARNER INC (HOLDING CO) COM 887315109 78689 1005604SH SOLE 0 0 0
TRIBUNE CO NEW COM 896047107 349 8000SH SOLE 0 0 0
USX-MARATHON GROUP COM 902905827 2525 89000SH SOLE 0 0 0
US BANCORP-DEL COM 902973106 203 8936SH SOLE 0 0 0
USA NETWORKS INC COM 902984103 1231 56100SH SOLE 0 0 0
UNITED PARCEL SERVICE COM 911312106 2092 37100SH SOLE 0 0 0
UNIVISION COMMUNS CL A COM 914906102 1047 28000SH SOLE 0 0 0
VERITAS SOFTWARE CORP COM 923436109 628 4420SH SOLE 0 0 0
VIACOM INC-CL B COM 925524308 68255 1166753SH SOLE 0 0 0
CALL VIACOM-CL B OCT 070 CALL 92599w9j4 0 -20SH CALL SOLE 0 0 0
VITESSE SEMICONDUCTOR CORP COM 928497106 445 5000SH SOLE 0 0 0
VODAFONE AIRTOUCH ADR COM 92857w100 63932 1727882SH SOLE 0 0 0
CALL VODAFONE GRP OCT 045 CALL 92857w9j1 -1 -100SH CALL SOLE 0 0 0
WAL-MART STORES INC COM 931142103 583 12110SH SOLE 0 0 0
WALGREEN CO COM 931422109 341 9000SH SOLE 0 0 0
WATERS CORP COM 941848103 445 5000SH SOLE 0 0 0
WELLS FARGO & CO-NEW COM 949746101 8437 183653SH SOLE 0 0 0
WILLIAMS COMPANIES INC COM 969457100 473 11200SH SOLE 0 0 0
XEROX CORP COM 984121103 1429 94840SH SOLE 0 0 0
YAHOO INC COM 984332106 4232 46506SH SOLE 0 0 0
YORK INTERNATIONAL CORP NEW COM 986670107 264 10600SH SOLE 0 0 0
ACE LTD-ORD COM g0070k103 25473 649000SH SOLE 0 0 0
GLOBAL CROSSING LTD COM g3921a100 4721 152300SH SOLE 0 0 0
SANTA FE INTL COM g7805c108 676 15000SH SOLE 0 0 0
TRANSOCEAN OFFSHORE COM g90078109 1307 22297SH SOLE 0 0 0
FLEXTRONICS INTL LTD COM y2573f102 28561 347770SH SOLE 0 0 0
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