October 2008 Monthly Update Premium / Performance NAV Market Price (Discount) ----------- ----- ------------ ---------- Beginning of month value $4.34 $3.47 (20.0%) Distributions - - End of month value $3.54 $2.99 (15.5%) Performance for month (18.4%) (13.8%) Performance year-to-date (36.5%) (45.6%) For daily data visit the Fund's website at www.all-starfunds.com or call 1-800-241-1850. The Fund's daily NAV is also available by using the symbol XASGX. Past performance cannot predict future results. -------------------------------------------------------------------------- Net Assets at Month-End ($millions) ----------------------------------- Total $104.3 Equities $101.7 Percent Invested in Equities 97.5% -------------------------------------------------------------------------- Top 20 Holdings at Month-End (31.1% of equity portfolio) -------------------------------------------------------- (Rank from previous month) 1 Wal-Mart Stores, Inc. (1) 2.1% 11 The Procter & Gamble Co. (13) 1.6% 2 McDonald's Corp. (3) 2.0% 12 Resources Connection, Inc. (6) 1.5% 3 Union Pacific Corp. (15) 1.9% 13 Accenture Ltd., Class A (14) 1.4% 4 Strayer Education, Inc. (18) 1.8% 14 LKQ Corp. (7) 1.4% 5 ANSYS, Inc. (2) 1.7% 15 Waste Connections, Inc. (26) 1.3% 6 Teva Pharmaceutical Industries Ltd. (10) 1.7% 16 Dollar Tree, Inc. (27) 1.2% 7 Johnson & Johnson (8) 1.7% 17 Amgen, Inc. (66) 1.2% 8 Genzyme Corp. (9) 1.7% 18 SYSCO Corp. (22) 1.2% 9 Core Laboratories N.V. (4) 1.7% 19 NeuStar, Inc., Class A (32) 1.2% 10 Baxter International, Inc. (12) 1.6% 20 Stericycle, Inc. (33) 1.2% Holdings are subject to change -------------------------------------------------------------------------- Sector Breakdown (% of equity portfolio) * ------------------------------------------ Health Care 22.8% New Holdings ------------ Information Technology 20.9% The Charles Schwab Corp. Industrials 17.6% Exxon Mobil Corp. Consumer Discretionary 11.8% Hewlett-Packard Co. Financials 8.3% ITC Holdings Corp. Consumer Staples 7.6% Kellogg Co. Energy 7.5% Ulta Salon, Cosmetics & Fragrance, Inc. Telecommunication Services 2.5% U.S. Bancorp Materials 0.9% Utilities 0.1% ------ 100.0% Holdings Liquidated ------------------- Becton, Dickinson and Co. Danaher Corp. General Dynamics Corp. Innophos Holdings, Inc. Intrepid Potash, Inc. ITT Corp. Phase Forward, Inc. Schlumberger Ltd. Transocean, 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: Contact Information: Liberty All-Star Funds 1-800-241-1850 www.all-starfunds.com