VCVILLAGE COM OPPORTUNITY FUND LLC
N-54A, 2000-06-28
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   Form N-54A

     NOTIFICATION OF ELECTION TO BE SUBJECT TO SECTIONS 55 THROUGH 65 OF THE
    INVESTMENT COMPANY ACT OF 1940 FILED PURSUANT TO SECTION 54(a) OF THE ACT

The undersigned business development company hereby notifies the Securities and
Exchange Commission that it elects, pursuant to the provisions of section 54(a)
of the Investment Company Act of 1940 (the "Act"), to be subject to the
provisions of sections 55 through 65 of the Act and, in connection with such
notification of election, submits the following information:

Name: VC Village.com Opportunity Fund, LLC

Address of Principal Business Office: 325 W. 38th St., Suite 1504, New York, NY
10018

Telephone Number: 212-736-2223

Name and address of agent for service of process: Daniel M. Bendheim

      Check one of the following:

|X| The company has filed a registration statement for a class of equity
securities pursuant to section 12 of the Securities Exchange Act of 1934 on June
28, 2000.

|_| The company is relying on rule 12g-2 under the Securities Exchange Act of
1934 in lieu of filing a registration statement for a class of equity securities
under that Act.

The file number of the registration as an investment company pursuant to section
8(a) of the Act, if any, of the company: _______________________________________

The file number of the registration as an investment company pursuant to section
8(a) of Act, if any, of an subsidiary of the company: __________________________

The undersigned company certifies that it is a closed-end company organized
under the laws of Delaware and with its principal place of business in New York,
New York; that it will be operated for the purpose of making investments in
securities described in section 55(a)(1) through (3) of the Investment Company
Act of 1940; and that it will make available significant managerial assistance
with respect to issuers of such securities to the extent required by the Act.

      Pursuant to the requirements of the Act, the undersigned company has
caused this notification of election to be subject to sections 55 through 65 of
the Investment Company Act of 1940 to be duly signed on its behalf in the city
of New York and state of New York on the 28th day of June, 2000.

                                 Signature /s/ Daniel M. Bendheim
                                           -------------------------------------
                                           VC Village.com Opportunity Fund, LLC

                                 By Daniel M. Bendheim
                                    --------------------------------------------

                                 Title President
                                       -----------------------------------------

Attest: /s/ Daniel E. Kosowsky
        -----------------------
        (Name)

        Vice President
        -----------------------
        (Title)



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