The electron-hole correlation effects on the energy levels and the wave fun
ctions of the electrons and holes in a strain-induced quantum dot containin
g one to ten carrier pairs have been studied using large-scale configuratio
n-interaction calculations. The present calculations show the formation of
excitons and biexcitons in the quantum dot. By increasing the number of car
rier pairs, one observes a transition from a strongly correlated system to
a quantum dot system for which the electron-electron and hole-hole correlat
ions are dominated by exchange interaction and are relatively well describe
d at the Hartree-Fock level, while for an accurate description of the elect
ron-hole correlations configuration-interaction calculations are necessary.
Ring-shaped carrier distributions emerge with increasing number of carrier
pairs.