Below is the May 2008 Monthly Update for the Liberty All-Star® Growth Fund, Inc. (
May 2008 Monthly Update Premium / Performance NAV Market Price (Discount) ------------ ----- ------------ ---------- Beginning of month value $5.42 $5.03 (7.2%) Distributions (Ex-Date May 7) $0.14 $0.14 End of month value $5.47 $5.06 (7.5%) Performance for month 3.5% 3.4% Performance year-to-date (4.7%) (10.5%) For daily data visit the Fund's website at www.all-starfunds.com or call 1-800-241-1850. The Fund's daily NAV is also available by using the symbol XASGX. Past performance cannot predict future results. --------------------------------------------------------------------------- Net Assets at Month-End ($millions) ----------------------------------- Total $157.4 Equities $155.0 Percent Invested in Equities 98.5% Top 20 Holdings at Month-End (27.6% of equity portfolio) ------------------------------------------------------- (Rank from previous month) 1 ANSYS, Inc. (1) 1.9% 11 Corning, Inc. (27) 1.3% 2 FMC Technologies, Inc. (4) 1.6% 12 Oracle Corp. (33) 1.3% 3 McDonald's Corp. (3) 1.5% 13 The Coca-Cola Co. (11) 1.3% 4 Core Laboratories N.V. (2) 1.5% 14 CSX Corp. (17) 1.2% 5 Affiliated Managers 15 Research In Motion Group, Inc.(7) 1.5% Ltd. (10) 1.2% 6 Smith International, Inc. (8) 1.5% 16 Flowserve Corp. (20) 1.2% 7 International Business 17 Aflac, Inc. (14) 1.2% Machines Corp. (13) 1.5% 18 Colgate-Palmolive Co.(19) 1.2% 8 LKQ Corp. (35) 1.5% 19 The Corporate Executive 9 Wal-Mart Stores, Inc. (5) 1.5% Board Co. (18) 1.2% 10 Resources Connection, Inc. (12) 1.4% 20 Baxter International, Inc. (15) 1.1% Holdings are subject to change --------------------------------------------------------------------------- Sector Breakdown (% of equity portfolio) * ------------------------------------------ Information Technology 23.9% New Holdings Industrials 18.2% ------------------------------------ Health Care 15.1% Adobe Systems, Inc. Energy 12.8% comScore, Inc. Consumer Discretionary 11.5% EnCana Corp. Financials 7.3% HealthExtras, Inc. Consumer Staples 6.1% Masimo Corp. Materials 2.7% QUALCOMM, Inc. Telecommunication Services 2.4% Quicksilver Resources, Inc. ----- Solera Holdings, Inc. 100.0% Symantec Corp. Holdings Liquidated ------------------------------------ America Movil SAB de C.V. Cummins, Inc. Deere & Co. Genentech, Inc. Interline Brands, Inc. Mobile TeleSystems OJSC Nighthawk Radiology Holdings, Inc. P.F. Chang's China Bistro, Inc. * Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS). The Liberty All-Star Growth Fund, Inc. is a closed-end fund and does not continuously offer shares.
Contact Information: For Information Contact: Liberty All-Star® Growth Fund 1-800-241-1850 www.all-starfunds.com