Display part of an array formula result

Is it possible to display only part of an array formula result? In my particular case, I was interested in using the formula LINEST() which returns the parameters for a linear least squares fit to a data set. In it's simplest form this array formula need only cover two cells in adjacent columns. the first value is the slope of the line, while the second value is the y-intercept. If one enters the formula into one cell only, then only the slope gets returned. In my case I was only interested in the y-intercept. Is there a way to input the function into one cell only and have it return a value in an arbitrary part of the array result?

Since I first ran into this question, I've used a work around that involved putting the full array elsewhere and then referring back to it and hiding the original cells. I find this method in-elegant. Is there anything more sophisticated?