BOSTON, MA--(Marketwire - Dec 19, 2012) - Below is the November 2012 Monthly Update for the Liberty All-Star^® Growth Fund, Inc. (NYSE: ASG)

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

Monthly Performance
Performance			NAV		Market Price		Discount
	Beginning of month value		$4.38		$3.97		9.4%
	Distributions		-		-
	End of month value		$4.47		$4.00		10.5%
	Performance for month		2.05%		0.76%
	Performance year-to-date		12.22%		12.10%
Past performance cannot predict future results
Net Assets at Month-End ($millions)
	Total		$101.7
	Equities		$101.6
	Percent Invested		99.9%

Top 20 Holdings at Month-End
		(34.8% of equity portfolio)
		(Rank from previous month)
1		Apple, Inc. (1)	2.9%
2		Salesforce.com, Inc. (2)	2.6%
3		ARM Holdings PLC (4)	2.4%
4		ACE Ltd. (3)	2.3%
5		QUALCOMM, Inc. (6)	2.0%
6		Oceaneering International, Inc. (5)	2.0%
7		Intuitive Surgical, Inc. (7)	1.8%
8		American Tower Corp., Class A (9)	1.7%
9		Fastenal Co. (8)	1.7%
10		Cerner Corp. (10)	1.7%
11		Core Laboratories N.V. (11)	1.6%
12		Precision Castparts Corp. (13)	1.6%
13		Signature Bank (12)	1.5%
14		BioMarin Pharmaceutical, Inc. (23)	1.4%
15		Google, Inc., Class A (14)	1.4%
16		LKQ Corp. (15)	1.3%
17		Allergan, Inc. (16)	1.3%
18		Visa, Inc., Class A (18)	1.2%
19		Schlumberger Ltd. (17)	1.2%
20		Starbucks Corp. (25)	1.2%
		Holdings are subject to change.

Sector Breakdown (% of equity portfolio)*
	Information Technology	31.2%
	Industrials	15.5%
	Consumer Discretionary	14.3%
	Health Care	12.1%
	Financials	10.2%
	Energy	7.8%
	Consumer Staples	4.0%
	Materials	2.6%
	Telecommunication Services	1.7%
	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
Deckers Outdoor Corp.		Baidu, Inc.
Rexnord Corp.		C.H. Robinson Worldwide, Inc.
		Monro Muffler Brake, Inc.
		PSS World Medical, Inc.
		Teavana Holdings, Inc.