September 2007 Monthly Update
Premium /
Performance NAV Market Price (Discount)
----------- ----- ------------ --------
Beginning of month value $5.88 $5.71 -2.9%
Distributions - -
End of month value $6.25 $5.81 -7.0%
Performance for month 6.3% 1.8%
Performance year-to-date 18.6% 17.1%
For daily data visit the Fund's website at www.all-starfunds.com or call
1-800-241-1850. The Fund's daily NAV is also available by using the
symbol XASGX. Past performance cannot predict future results.
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Net Assets at Month-End ($millions)
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Total $176.0
Equities $173.7
Percent Invested in Equities 98.7%
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Top 20 Holdings at Month-End (26.3% of equity portfolio)
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(Rank from previous month)
1 Danaher(2) 1.9% 11 Rockwell Collins(10) 1.2%
2 Cisco Systems(1) 1.8% 12 LKQ(13) 1.2%
3 Affiliated Managers Group(3) 1.6% 13 Resources Connection(8) 1.2%
4 Walgreen(15) 1.5% 14 Research In Motion(19) 1.2%
5 ANSYS(4) 1.5% 15 FMC Technologies(23) 1.2%
6 Praxair(5) 1.4% 16 Ctrip.com International(25) 1.1%
7 Corporate Executive Board(6) 1.4% 17 Intuitive Surgical(14) 1.1%
8 Core Laboratories(12) 1.3% 18 Johnson Controls(16) 1.1%
9 Schlumberger(9) 1.3% 19 EMC(18) 1.1%
10 Smith International(11) 1.2% 20 Genentech(17) 1.0%
Holdings are subject to change
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Sector Breakdown (% of equity portfolio)* New Holdings
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Information Technology 25.3% BioMarin Pharmaceutical
Industrials 16.0% Hologic
Health Care 15.5% Kaydon
Consumer Discretionary 15.0%
Energy 10.6% Holdings Liquidated
Financials 8.9% -------------------
Consumer Staples 3.8% Keystone Automotive Industries
Materials 2.6% Monster Worldwide
Telecommunication Services 2.3% PolyMedica
----- Staples
100.0%
* Based on Standard & Poor's and Morgan Stanley Capital International
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, Inc. 617-426-1745 www.all-starfunds.com