BOSTON, MA--(Marketwire - Jul 17, 2012) - Below is the June 2012 Monthly Update for the Liberty All-Star^® Growth Fund, Inc. (NYSE: ASG)

Liberty All-Star Growth Fund	Monthly Update
Ticker: ASG	June 12

Monthly Performance
Performance	NAV	Market Price	Discount
Beginning of month value	$4.28	$3.99	6.8%
Distributions	-	-
End of month value	$4.33	$3.99	7.9%
Performance for month	1.17%	0.00%
Performance year-to-date	5.35%	8.29%
Past performance cannot predict future results
Net Assets at Month-End ($millions)
Total	$130.3
Equities	$126.1
Percent Invested	96.8%

Top 20 Holdings at Month-End
		(34.7% of equity portfolio)
		(Rank from previous month)
1		Apple, Inc. (1)		3.1%
2		Salesforce.com, Inc. (2)		2.4%
3		ACE Ltd. (3)		2.3%
4		Intuitive Surgical, Inc. (7)		2.0%
5		American Tower Corp., Class A (6)		2.0%
6		Oceaneering International, Inc. (8)		1.9%
7		QUALCOMM, Inc. (4)		1.9%
8		IHS, Inc., Class A (10)		1.8%
9		Core Laboratories N.V. (5)		1.7%
10		ARM Holdings PLC (15)		1.6%
11		Fastenal Co. (11)		1.6%
12		BioMarin Pharmaceutical, Inc. (16)		1.6%
13		VMware, Inc., Class A (13)		1.5%
14		Occidental Petroleum Corp. (23)		1.4%
15		Cerner Corp. (17)		1.4%
16		Signature Bank (18)		1.3%
17		Allergan, Inc. (21)		1.3%
18		Expeditors International of Washington, Inc. (19)		1.3%
19		Liquidity Services, Inc. (9)		1.3%
20		Baidu, Inc. (20)		1.3%
		Holdings are subject to change.

Sector Breakdown (% of equity portfolio)*
		Information Technology		30.2%
		Industrials		14.9%
		Consumer Discretionary		13.4%
		Health Care		13.3%
		Financials		10.7%
		Energy		8.6%
		Materials		3.1%
		Consumer Staples		2.9%
		Telecommunication Services		2.3%
		Utilities		0.6%
		Total Market Value		100.0%
*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS).

New Holdings			Holdings Liquidated
	Rackspace Hosting, Inc.			Aerovironment, Inc.
				Varian Medical Systems, Inc.