ASSIGNMENT AND CONSENT OF ADMINISTRATION AGREEMENT Reference is made to the Administration Agreement dated April 1, 2003 (the "Administration Agreement") by and between BACAP Alternative Multi-Strategy Fund, LLC, a Delaware limited liability company...

                            ASSIGNMENT AND CONSENT OF
                            ADMINISTRATION AGREEMENT

Reference is made to the Administration Agreement dated April 1, 2003 (the
"Administration Agreement") by and between BACAP Alternative Multi-Strategy
Fund, LLC, a Delaware limited liability company (the "Fund"), and BACAP
Distributors, LLC, a North Carolina limited liability company ("BACAP"). In
accordance with Article 13 of the Administration Agreement, BACAP, effective
______________, 2005, assigns all of its rights, duties, responsibilities and
obligations under the Administration Agreement to Banc of America Investment
Advisors, Inc., and Banc of America Investment Advisors, Inc. agrees to assume
all such rights, duties, responsibilities and obligations. By its signature
below, the Fund consents to this assignment.

Dated: ______________ _____,2005

BACAP DISTRIBUTORS, LLC

By:
Name: Xxxxxxxx X. Xxxxxxxxxx
Title: President

BANC OF AMERICA INVESTMENT ADVISORS, INC.

By:
Name:
Title:

The Fund hereby consents to this assignment of the Administration
Agreement:

BACAP ALTERNATIVE MULTI-STRATEGY FUND, LLC

By:
Name: Xxxxxxxx X. Xxxxxxxxxx
Title: President