July 2007 Monthly Update
Market Premium /
Performance NAV Price (Discount)
----------- ---------- ---------- ----------
Beginning of month value $ 5.88 $ 5.70 -3.1%
Distributions - -
End of month value $ 5.83 $ 5.79 -0.7%
Performance for month (0.9%) 1.6%
Performance year-to-date 7.9% 13.7%
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 $ 162.3
Equities $ 158.1
Percent Invested in Equities 97.5%
==========
Top 20 Holdings at Month-End (26.7% of equity portfolio)
-------------------------------------------------------
(Rank from previous month)
1 Danaher (1) 1.9% 11 Smith International (16) 1.2%
2 PepsiCo (2) 1.9% 12 Johnson Controls (12) 1.2%
3 Resources Connection (3) 1.8% 13 Rockwell Collins (13) 1.1%
4 Cisco Systems (5) 1.7% 14 Walgreen (17) 1.1%
5 Praxair (7) 1.5% 15 Intuitive Surgical (46) 1.1%
6 Corporate Executive Board (6) 1.4% 16 Fastenal (19) 1.1%
7 Affiliated Managers Group (4) 1.4% 17 Genentech (15) 1.1%
8 Paychex (8) 1.3% 18 LKQ (26) 1.1%
9 Schlumberger (14) 1.3% 19 ResMed (20) 1.1%
10 ANSYS (9) 1.3% 20 National Instruments (18)1.1%
Holdings are subject to change
Sector Breakdown (% of equity portfolio) * New Holdings
------------
Information Technology 23.9% Autodesk
Industrials 17.9% Maxim Integrated Products
Consumer Discretionary 15.2% MF Global
Health Care 14.1% Monotype Imaging Holdings
Energy 10.2% Texas Instruments
Financials 9.9% Thoratec
Consumer Staples 4.2%
Telecommunication Services 2.5% Holdings Liquidated
-------------------
Materials 2.1% BigBand Networks
----- Chipotle Mexican Grill, Class A
100.0% Data Domain
Marriott International
Robert Half International
SEI Investments
Yahoo!
* 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