UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 13F
FORM 13F COVER PAGE
Report fo the Calender Year of Quarter Ended: 12/31/99
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 FEBRUARY 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: 204
Form 13F Information Table Value Total (x$1000): 1,760,185
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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 SOLE SHARED NONE
ABBOTT LABORATORIES COM 002824100 32801 903284SH SOLE 0 0 0
AIR PRODUCTS & CHEMICALS INC COM 009158106 201 6000SH SOLE 0 0 0
AMAZON.COM INC COM 023135106 119 1560SH SOLE 0 0 0
AMERICA ONLINE INC-DEL COM 02364j104 21960 291106SH SOLE 0 0 0
AMERICAN EXPRESS COMPANY COM 025816109 1545 9293SH SOLE 0 0 0
AMERICAN HOME PRODUCTS CORP COM 026609107 623 15800SH SOLE 0 0 0
AMERICAN INTERNATIONAL GROUP INC COM 026874107 12564 116200SH SOLE 0 0 0
AMGEN INC COM 031162100 2517 41900SH SOLE 0 0 0
ANSWERTHINK CONSULTING GROUP INC COM 036916104 270 7875SH SOLE 0 0 0
APPLIED MATERIALS INC COM 038222105 317 2500SH SOLE 0 0 0
ARIBA INC COM 04033v104 443 2500SH SOLE 0 0 0
ASSOCIATES FIRST CAPITAL CORP CL A COM 046008108 278 10132SH SOLE 0 0 0
AT&T CORP COM 001957109 1086 21402SH SOLE 0 0 0
AT&T CORP LIBERTY MEDIA GROUP SER A COM 87924v507 40824 719358SH SOLE 0 0 0
AUTOMATIC DATA PROCESSING INC COM 053015103 6015 111655SH SOLE 0 0 0
BANK OF AMER CORP COM 060505104 10034 199928SH SOLE 0 0 0
BANK ONE CORP COM 06423a103 822 25640SH SOLE 0 0 0
BELLSOUTH CORP COM 079860102 460 9836SH SOLE 0 0 0
BHC COMMUNICATIONS INC-CL A COM 055448104 500 3123SH SOLE 0 0 0
BRISTOL MYERS SQUIBB CO COM 110122108 21517 335218SH SOLE 0 0 0
BROADCOM CORP CL A COM 111320107 1687 6195SH SOLE 0 0 0
BROADWING INC COM 111620100 369 10000SH SOLE 0 0 0
BROCADE COMMUNICATIONS COM 111621108 443 2500SH SOLE 0 0 0
BURLINGTON RESOURCES INC COM 122014103 331 10000SH SOLE 0 0 0
CALL AMER ONLINE APR 080 ADJ 2 FOR 1 CALL 18799w9d0 -7 -7SH CALL SOLE 0 0 0
CALL CHASE MNHATN JAN 080 AMEX ADJ 2 F CALL 16161a9a8 -8 -38SH CALL SOLE 0 0 0
CALL CISCO SYSTEM APR 100 CALL 45999w9d1 -15 -10SH CALL SOLE 0 0 0
CALL GLOBAL CROSS JAN 055 CALL g3921a9a0 -14 -75SH CALL SOLE 0 0 0
CALL IBM APR 110 CALL 4592009d5 -50 -50SH CALL SOLE 0 0 0
CALL IBM APR 120 CALL 4592009d5 -64 -100SH CALL SOLE 0 0 0
CALL IBM JAN 120 CBOE ADJ 2 F CALL 4592009a1 -63 -478SH CALL SOLE 0 0 0
CALL INFINITY BRO JAN 030 CALL 45662s9a2 -101 -149SH CALL SOLE 0 0 0
CALL JDS UNIPHASE JAN 150 ADJ 2 FOR 1 CALL 94099w9a4 -97 -50SH CALL SOLE 0 0 0
CALL M.S.D.W.&CO JAN 130 CALL 6174469a9 -73 -50SH CALL SOLE 0 0 0
CALL MICROSOFT CP APR 100 PSE CALL 5949189d8 -22 -10SH CALL SOLE 0 0 0
CALL MOTOROLA CP APR 135 AMEX CALL 6200769d3 -20 -8SH CALL SOLE 0 0 0
CALL PHIL MOR COS MAR 030 AMEX CALL 7181549c3 -19 -300SH CALL SOLE 0 0 0
CALL PHIL MOR COS MAR 22.5AMEX CALL 7181549c3 90 300SH CALL SOLE 0 0 0
CALL PHIL MOR COS MAR 27.5AMEX CALL 7181549c3 56 500SH CALL SOLE 0 0 0
CALL PHIL MOR COS MAR 32.5AMEX CALL 7181549c3 -22 -500SH CALL SOLE 0 0 0
CALL TEXACO INC JAN 065 AMEX CALL 8816949a3 0 -80SH CALL SOLE 0 0 0
CALL YAHOO INC JAN 260 CALL 43299w9a9 -437 -25SH CALL SOLE 0 0 0
CARNIVAL CORP. - CL A COM. COM 143658102 48229 1008703SH SOLE 0 0 0
CASHEFLOW INC COM 126946102 2490 19050SH SOLE 0 0 0
CBS CORP COM 12490k107 68997 1079124SH SOLE 0 0 0
CHARLES SCHWAB CORP NEW COM 808513105 4986 129934SH SOLE 0 0 0
CHASE MANHATTAN CORP NEW COM 16161a108 6706 86321SH SOLE 0 0 0
CHINA TELECOM (HONG KONG) LTD-SPONSORE COM 169428109 643 5000SH SOLE 0 0 0
CHRIS-CRAFT INDUSTRIES INC COM 170520100 1525 21143SH SOLE 0 0 0
CISCO SYSTEMS INC COM 17275r102 80652 752876SH SOLE 0 0 0
CITIGROUP INC COM 172967101 87753 1579346SH SOLE 0 0 0
CMGI INC COM 125750109 2187 7900SH SOLE 0 0 0
COCA COLA CO COM 191216100 11722 201235SH SOLE 0 0 0
COLGATE PALMOLIVE CO COM 194162103 34503 530820SH SOLE 0 0 0
COLUMBIA/HCA HEALTHCARE CORP COM 197677107 14354 489670SH SOLE 0 0 0
COMPUTER SCIENCES CORP COM 205363104 965 10200SH SOLE 0 0 0
CONOCO INC-CL B COM 208251405 415 16703SH SOLE 0 0 0
COSTCO COMPANIES INC COM 22160k105 30374 332865SH SOLE 0 0 0
COVAD COMMUNICATIONS GROUP COM 222814204 420 7500SH SOLE 0 0 0
COX COMMUNICATIONS INC NEW CL A COM 224044107 1501 29149SH SOLE 0 0 0
CREE RESEARCH INC COM 225447101 427 5000SH SOLE 0 0 0
DELL COMPUTER CORP COM 247025109 4237 83080SH SOLE 0 0 0
DEUTSCHE TELEKOM AG SPONSORED ADR COM 251566105 234 3290SH SOLE 0 0 0
DOUBLECLICK INC COM 258609304 8225 32500SH SOLE 0 0 0
DOVER CORP COM 260003108 1829 40313SH SOLE 0 0 0
DOW JONES & CO INC COM 260561105 340 5000SH SOLE 0 0 0
E I DU PONT DE NEMOURS & CO COM 263534109 13701 207983SH SOLE 0 0 0
ELI LILLY & CO COM 532457108 33151 498508SH SOLE 0 0 0
EMC CORP-MASS COM 268648102 41882 383361SH SOLE 0 0 0
ENRON CORP COM 293561106 5221 117660SH SOLE 0 0 0
ESTEE LAUDER COMPANIES INC CL A COM 518439104 54807 1086616SH SOLE 0 0 0
ETOYS INC COM 297862104 525 20000SH SOLE 0 0 0
EXODUS COMMUNICATIONS INC COM 302088109 444 5000SH SOLE 0 0 0
EXXON MOBIL CORP COM 30231g102 2441 30296SH SOLE 0 0 0
FANNIE MAE COM 313586109 20844 333836SH SOLE 0 0 0
FEDERATED DEPARTMENT STORES INC-DEL COM 31410h101 287 5685SH SOLE 0 0 0
FORD MOTOR CO COM 345370100 1493 27932SH SOLE 0 0 0
FOUNDRY NETWORKS INC COM 35063r100 302 1000SH SOLE 0 0 0
FOX ENTERTAINMENT GROUP INC CL A COM 35138t107 10079 404152SH SOLE 0 0 0
FREDDIE MAC-VOTING COMMON (FORMERLY FE COM 313400301 46079 979100SH SOLE 0 0 0
GAP INC COM 364760108 1212 26337SH SOLE 0 0 0
GEMSTAR INTERNATIONAL GROUP LTD-ORD COM g3788v106 356 5000SH SOLE 0 0 0
GENERAL ELECTRIC CO COM 369604103 26852 173516SH SOLE 0 0 0
GILLETTE CO COM 375766102 41361 1004211SH SOLE 0 0 0
GLOBAL CROSSING LTD COM g3921a100 3696 73912SH SOLE 0 0 0
GLOBAL TELESYSTEMS GROUP INC COM 37936u104 660 19050SH SOLE 0 0 0
GRUPO TELEVISA SA DE CV-GDS REPSTG 2 O COM 40049j206 478 7000SH SOLE 0 0 0
GUIDANT CORP COM 401698105 24912 530039SH SOLE 0 0 0
HALLIBURTON CO COM 406216101 9415 233916SH SOLE 0 0 0
HARMONIC INC COM 413160102 237 2500SH SOLE 0 0 0
HOME DEPOT INC COM 437076102 3668 53502SH SOLE 0 0 0
HONEYWELL INC COM 438516106 1261 21856SH SOLE 0 0 0
HOUSTON INDUSTRIES INC-7% AUTOMATIC CO COM 442161204 482 4000SH SOLE 0 0 0
INFINITY BROADCASTING CORP NEW CL A COM 45662s102 850 23500SH SOLE 0 0 0
INFOSPACE COM INC COM 45678t102 749 3500SH SOLE 0 0 0
INKTOMI CORP COM 457277101 987 11120SH SOLE 0 0 0
INTEL CORP COM 458140100 75458 916717SH SOLE 0 0 0
INTERNATIONAL BUSINESS MACHINES CORP COM 459200101 65601 607419SH SOLE 0 0 0
INTERNET CAPITAL GROUP INC COM 46059c106 1275 7500SH SOLE 0 0 0
INTUIT INC COM 461202103 330 5500SH SOLE 0 0 0
IVILLAGE INC COM 46588h105 203 10000SH SOLE 0 0 0
J P MORGAN & CO INC COM 616880100 1245 9834SH SOLE 0 0 0
JDS UNIPHASE CORP COM COM 46612j101 1613 10000SH SOLE 0 0 0
JOHNSON & JOHNSON COM 478160104 14253 153054SH SOLE 0 0 0
JUNIPER NETWORKS COM 48203r104 510 1500SH SOLE 0 0 0
KIMBERLY CLARK CORP COM 494368103 42159 646113SH SOLE 0 0 0
KINDER MORGAN ENERGY PARTNERS LP-UNITS COM 494550106 1682 40600SH SOLE 0 0 0
KNIGHT/TRIMARK GROUP INC-CL A COM 499068104 460 10000SH SOLE 0 0 0
L M ERICSSON TELEPHONE CO ADR NEW REPS COM 294821400 230 3500SH SOLE 0 0 0
LAKEHEAD PIPE LINE PARTNERS LP UNITS-C COM 511557100 348 10000SH SOLE 0 0 0
LUCENT TECHNOLOGIES INC COM 549463107 17770 237525SH SOLE 0 0 0
MATTEL INC COM 577081102 289 22000SH SOLE 0 0 0
MBNA CORP COM 55262l100 37304 1368942SH SOLE 0 0 0
MCI WORLDCOM INC COM 55268b106 18876 355727SH SOLE 0 0 0
MEDIAONE GROUP INC COM 58440j104 465 6055SH SOLE 0 0 0
MEDIAONE GROUP PREM INCOME EXCH SECS 6 COM 58440j401 2786 25800SH SOLE 0 0 0
MEDTRONIC INC COM 585055106 423 11620SH SOLE 0 0 0
MELLON BANK CORP COM 58551a108 610 17920SH SOLE 0 0 0
MERCK & CO INC COM 589331107 11881 177166SH SOLE 0 0 0
MICROSOFT CORP COM 594918104 103474 886288SH SOLE 0 0 0
MORGAN STANLEY DEAN WITTER & CO COM 617446448 714 5000SH SOLE 0 0 0
MOTOROLA INC COM 620076109 70022 475532SH SOLE 0 0 0
NABISCO HOLDINGS CORP-CL A COM 629526104 424 13400SH SOLE 0 0 0
NEWS CORP LTD-ADR NEW REPSTG 4 ORD COM 652487703 326 8514SH SOLE 0 0 0
NEWS CORP LTD-SPONSORED ADR REPSTG 4 L COM 652487802 334 10000SH SOLE 0 0 0
NIKE INC-CL B COM 654106103 248 5000SH SOLE 0 0 0
NOKIA CORP-SPONSORED ADR REPSTG 1 SER COM 654902204 24699 129995SH SOLE 0 0 0
NORTEL NETWORKS CORP COM 656569100 3656 36200SH SOLE 0 0 0
NOVELL INC COM 670006105 1055 26500SH SOLE 0 0 0
NOVELLUS SYSTEMS INC COM 670008101 306 2500SH SOLE 0 0 0
NTL INC COM 629407107 15759 126325SH SOLE 0 0 0
OFFICIAL PAYMENTS CORP COM 676235104 2080 40000SH SOLE 0 0 0
ORACLE CORP COM 68389x105 8316 74210SH SOLE 0 0 0
OROAMERICA INC COM 687027102 375 60000SH SOLE 0 0 0
PARKPLACE ENTERTAINMENT CORP COM 700690100 350 28000SH SOLE 0 0 0
PEPSICO INC COM 713448108 1143 32425SH SOLE 0 0 0
PFIZER INC COM 717081103 13543 417506SH SOLE 0 0 0
PHILIP MORRIS COMPANIES INC COM 718154107 801 34545SH SOLE 0 0 0
PITNEY BOWES INC COM 724479100 290 6000SH SOLE 0 0 0
PLAINS RESOURCES INC NEW $0.10 PAR COM 726540503 206 16500SH SOLE 0 0 0
PMC-SIERRA INC COM 69344f106 802 5000SH SOLE 0 0 0
POGO PRODUCING CO COM 730448107 369 18000SH SOLE 0 0 0
PORTAL SOFTWARE INC COM 736126103 1389 13500SH SOLE 0 0 0
PROCTER & GAMBLE CO COM 742718109 7560 69004SH SOLE 0 0 0
PSINET INC COM 74437c101 309 5000SH SOLE 0 0 0
PUT AMGEN INC JAN 040 AMEX ADJ 2 F PUT 0311629m4 -1 -50SH PUT SOLE 0 0 0
PUT COCA COLA CO JAN 060 CBOE PUT 1912169m4 -13 -50SH PUT SOLE 0 0 0
PUT DELL COMPUTR JAN 045 AMEX ADJ 2 F PUT 2470259m3 -3 -50SH PUT SOLE 0 0 0
PUT ELI LILLY JAN 060 AMEX PUT 5324579m2 -3 -50SH PUT SOLE 0 0 0
PUT ETOYS INC JAN 040 PUT 2978629m8 -70 -50SH PUT SOLE 0 0 0
PUT FREDDIE MAC JAN 045 AMEX PUT 3134009m7 -3 -50SH PUT SOLE 0 0 0
PUT MCI WORLDCO JAN46.625 ADJ 3 FOR PUT 58399w9m0 -3 -50SH PUT SOLE 0 0 0
PUT NOKIA CORP JAN 150 PUT 93799w9m3 -2 -25SH PUT SOLE 0 0 0
PUT NOVELL INC JAN 030 AMEX PUT 6700069m9 -2 -50SH PUT SOLE 0 0 0
PUT SAFEWAY INC JAN 030 ADJ 2 F PUT 7865149m3 -2 -75SH PUT SOLE 0 0 0
PUT TYCO INTL JAN 025 PUT 9021249m0 -2 -100SH PUT SOLE 0 0 0
PUT XEROX CORP JAN 020 PUT 9841219m7 -3 -100SH PUT SOLE 0 0 0
QUALCOMM INC COM 747525103 11314 64240SH SOLE 0 0 0
QWEST COMMUNICATIONS INTERNATIONAL INC COM 749121109 215 5000SH SOLE 0 0 0
REALNETWORKS INC COM 75605l104 608 5020SH SOLE 0 0 0
ROYAL DUTCH PETROLEUM CO NY REGISTRY ( COM 780257804 9114 150804SH SOLE 0 0 0
SAFEGUARD SCIENTIFICS INC COM 786449108 810 5000SH SOLE 0 0 0
SAFEWAY INC COM 786514208 1793 50417SH SOLE 0 0 0
SARA LEE CORP COM 803111103 265 12000SH SOLE 0 0 0
SBC COMMUNICATIONS INC COM 78387g103 21022 431221SH SOLE 0 0 0
SCHERING PLOUGH CORP COM 806605101 2261 53600SH SOLE 0 0 0
SCHLUMBERGER LTD COM 806857108 8467 150528SH SOLE 0 0 0
SIEBEL SYSTEMS INC COM 826170102 462 5500SH SOLE 0 0 0
SINCLAIR BROADCAST GROUP INC CL A COM 829226109 305 25000SH SOLE 0 0 0
SONERA CORP PLC SPONSORED ADR COM 835433202 8068 116500SH SOLE 0 0 0
SONY CORP-ADR NEW COM 835699307 738 2590SH SOLE 0 0 0
STARWOOD HOTELS & RESORTS WORLDWIDE IN COM 85590a203 2599 110617SH SOLE 0 0 0
STATION CASINOS INC COM 857689103 329 14656SH SOLE 0 0 0
SUN MICROSYSTEMS INC COM 866810104 18343 236870SH SOLE 0 0 0
TAIWAN SEMICONDUCTOR MFG CO LTD-SPONSO COM 874039100 225 5000SH SOLE 0 0 0
TARGET CORP COM 87612e106 734 10000SH SOLE 0 0 0
TCI SATELLITE ENTERTAINMENT INC-CL A COM 872298104 240 15000SH SOLE 0 0 0
TENET HEALTHCARE CORP COM 88033g100 2821 120050SH SOLE 0 0 0
TEXACO INC COM 881694103 1415 26050SH SOLE 0 0 0
TEXAS INSTRUMENTS INC COM 882508104 12860 132750SH SOLE 0 0 0
TEXTRON INC COM 883203101 537 7000SH SOLE 0 0 0
TIFFANY & CO NEW COM 886547108 223 2500SH SOLE 0 0 0
TIME WARNER INC (HOLDING CO) COM 887315109 54334 750072SH SOLE 0 0 0
TIME WARNER TELECOM INC CLASS A COM 887319101 12 250SH SOLE 0 0 0
TRANSOCEAN OFFSHORE INC CAYMON ORD COM g90078109 980 29104SH SOLE 0 0 0
TRIBUNE CO NEW COM 896047107 454 8250SH SOLE 0 0 0
TYCO INTERNATIONAL LTD COM 902124106 7149 183900SH SOLE 0 0 0
UNIVISION COMMUNICATIONS INC CL A COM 914906102 1737 17000SH SOLE 0 0 0
US BANCORP-DEL COM 902973106 1403 58936SH SOLE 0 0 0
USA NETWORKS INC COM 902984103 1619 29300SH SOLE 0 0 0
USG CORP NEW COM 903293405 401 8518SH SOLE 0 0 0
VALUEVISION INTERNATIONAL INC CL A COM 92047k107 344 6000SH SOLE 0 0 0
VIATEL INC COM 925529208 2145 40000SH SOLE 0 0 0
VISX INC-DEL COM 92844s105 259 5000SH SOLE 0 0 0
VODAFONE AIRTOUCH PLC SPONSORED ADR COM 92857t107 60151 1215170SH SOLE 0 0 0
WAL-MART STORES INC COM 931142103 982 14210SH SOLE 0 0 0
WALT DISNEY CO HOLDING CO COM 254687106 15827 541092SH SOLE 0 0 0
WARNER-LAMBERT CO COM 934488107 1964 23965SH SOLE 0 0 0
WASHINGTON MUTUAL INC COM 939322103 260 10000SH SOLE 0 0 0
WELLS FARGO & CO-NEW COM 949746101 8349 206465SH SOLE 0 0 0
WORLD COMMERCE ONLINE INC COM 98144r101 348 20000SH SOLE 0 0 0
XEROX CORP COM 984121103 961 42344SH SOLE 0 0 0
XL CAPITAL LTD-CL A COM g98255105 1048 20200SH SOLE 0 0 0
YAHOO INC COM 984332106 546 3809SH SOLE 0 0 0
YOUNG & RUBICAM INC COM 987425105 19920 548596SH SOLE 0 0 0
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