November 2007 Monthly Update
Premium /
Performance NAV Market Price (Discount)
----------- --- ------------ ----------
Beginning of month value $8.92 $8.31 (6.8%)
Distributions (Ex-Date November 7) $0.22 $0.22
End of month value $8.24 $7.12 (13.6%)
Performance for month (5.2%) (11.7%)
Performance year-to-date 4.4% (4.2%)
For daily data visit the Fund's website at www.all-starfunds.com or call
1-800-241-1850. The Fund's daily NAV is also available by using the
symbol XUSAX. Past performance cannot predict future results.
---------------------------------------------------------------------------
Net Assets at Month-End ($millions)
----------------------------------
Total $1,323.7
Equities $1,294.5
Percent Invested in Equities 97.8%
---------------------------------------------------------------------------
Top 20 Holdings at Month-End (32.2% of equity portfolio)
--------------------------------------------------------
(Rank from previous month)
1 Freddie Mac (4) 2.3% 11 Dell (8) 1.5%
2 Schlumberger (2) 2.2% 12 Google (11) 1.5%
3 Microsoft (1) 2.2% 13 Salesforce.com (15) 1.5%
4 Citigroup (3) 2.0% 14 Bank of America (12 1.4%
5 Wal-Mart (7) 1.9% 15 Pfizer (13) 1.4%
6 Fannie Mae (5) 1.8% 16 Johnson & Johnson (22)1.4%
7 Consol Energy (14) 1.6% 17 Amazon.com (19) 1.3%
8 Annaly Capital Management (17) 1.5% 18 Teva Pharmaceutical
9 QUALCOMM (10) 1.5% Industries (16) 1.3%
10 General Electric (9) 1.5% 19 Arch Coal (20) 1.3%
20 Navistar
International (21) 1.1%
Holdings are subject to change
---------------------------------------------------------------------------
Sector Breakdown (% of equity portfolio) * New Holdings
--------------------------------------- ------------
Information Technology 21.3% Colgate-Palmolive
Financials 21.3% McGraw-Hill
Health Care 14.1% Medco Health Solutions
Industrials 12.3% PepsiCo
Consumer Discretionary 10.6% Procter & Gamble
Energy 8.9% Taiwan Semiconductor
Consumer Staples 5.1% Manufacturing
Materials 2.7% Wachovia
Utilities 1.9%
Telecommunication Services 1.8% Holdings Liquidated
----- -------------------
100.0% Accenture
AGCO
EMC
Goodrich
IBM
MGIC Investment
Radian Group
* Based on Standard & Poor's and Morgan Stanley Capital International
Global Industry Classification Standard (GICS).
The Liberty All-Star Equity Fund 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