March 2007 Monthly Update
Premium /
Performance NAV Market Price (Discount)
----------- ------------ ------------ ------------
Beginning of month value $ 5.67 $ 5.49 -3.2%
Distributions - -
End of month value $ 5.68 $ 5.48 -3.5%
Performance for month 0.2% (0.2%)
Performance year-to-date 2.5% 4.8%
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.
Total $ 156.3
Equities $ 153.3
Percent Invested in Equities 98.1%
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Top 20 Holdings at Month-End (28.8% of equity portfolio)
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(Rank from previous month)
1 Genentech (1) 2.1% 11 Cisco Systems (10) 1.4%
2 Affiliated Managers Group (2) 1.9% 12 Cognizant Technology
Solutions (8) 1.4%
3 ResMed (5) 1.8% 13 Danaher (12) 1.3%
4 Resources Connection (4) 1.7% 14 Paychex (9) 1.3%
5 PepsiCo (14) 1.6% 15 Walgreen (15) 1.2%
6 Corporate Executive Board (3) 1.6% 16 ANSYS (21) 1.2%
7 NIKE (6) 1.5% 17 Johnson Controls (16) 1.2%
8 Fastenal (7) 1.5% 18 Alliance Data Systems (19) 1.1%
9 GFI Group (13) 1.4% 19 Adobe Systems (23) 1.1%
10 Goldman Sachs (11) 1.4% 20 Bright Horizons (22) 1.1%
Sector Breakdown (% of equity portfolio) * New Holdings
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Information Technology 25.0% Allegheny Technologies
Consumer Discretionary 18.5% Allergan
Health Care 16.8% Baidu.com
Industrials 16.6% BigBand Networks
Financials 10.8% Brocade Communications Systems
Energy 6.6% Clearwire
Consumer Staples 3.2% Pharmanet Development Group
Materials 1.3% Precision Castparts
Telecommunication Services 1.2%
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100.0%
Holdings Liquidated
-------------------
Equinix
Guitar Center
Hub International
Jackson Hewitt Tax Service
Kinetic Concepts
Opsware
WebEx Communications
*Based on Standard & Poor's and Morgan Stanley Capital International Global
Industry Classification Standard (GICS).
Contact Information: Contact: Liberty All-Star® Growth Fund, Inc. 617-426-1745 www.all-starfunds.com