U.S. Trust CORP

EXCELSIOR VENTURE INVESTORS III LLC: Initial statement of beneficial ownership of securities

EXCELSIOR VENTURE PARTNERS III LLC: Initial statement of beneficial ownership of securities

EXCELSIOR PRIVATE EQUITY FUND II INC: Initial statement of beneficial ownership of securities

EXCELSIOR BUYOUT INVESTORS LLC: Initial statement of beneficial ownership of securities

EXCELSIOR DIRECTIONAL HEDGE FUND OF FUNDS (TI) LLC: Initial statement of beneficial ownership of securities

EXCELSIOR DIRECTIONAL HEDGE FUND OF FUNDS (TE) LLC: Initial statement of beneficial ownership of securities

EXCELSIOR ABSOLUTE RETURN FUND OF FUNDS LLC: Initial statement of beneficial ownership of securities

EXCELSIOR ABSOLUTE RETURN FUND OF FUNDS MASTER FUND LLC: Initial statement of beneficial ownership of securities

EXCELSIOR DIRECTIONAL HEDGE FUND OF FUNDS MASTER FUND, LLC: Initial statement of beneficial ownership of securities

EXCELSIOR DIRECTIONAL HEDGE FUND OF FUNDS (TI) LLC: Initial statement of beneficial ownership of securities