BOSTON, MA--(Marketwired - Jan 13, 2014) - Below is the December 2013 Monthly Update for the Liberty All-Star® Growth Fund, Inc. (NYSE: ASG)

Liberty All-Star Growth Fund Monthly Update
  Ticker: ASG December, 2013
Investment Approach
Fund Style:All- Cap Growth
Fund Strategy: Combines three growth style investment managers, each with a distinct capitalization focus (small-, mid- and large-cap)selected and continuously monitored by the Fund's Investment Advisor.
Investment Managers:
Weatherbie Capital, LLC
Small-Cap Growth | Matthew A. Weatherbie, CFA
TCW Investment Management Company
Mid-Cap Growth | Chang Lee and Mike Olson, CFA
Large-Cap Growth | Craig C. Blum, CFA
Top 20 Holdings at Month-End    
    (30.5% of equity portfolio)    
    (Rank from previous month)    
1   Cerner Corp. (1)   2.0%
2, Inc. (3)   1.8%
3   ACE Ltd. (4)   1.8%
4   Splunk, Inc. (2)   1.8%
5   Google, Inc., Class A (6)   1.7%
6   Dril-Quip, Inc. (9)   1.7%
7   ARM Holdings PLC (8)   1.7%
8   Under Armour, Inc., Class A (11)   1.6%
9   Signature Bank (7)   1.6%
10, Inc. (10)   1.6%
11   athenahealth, Inc. (5)   1.5%
12   Visa, Inc., Class A (16)   1.4%
13   LinkedIn Corp., Class A (12)   1.3%
14   American Tower Corp. (14)   1.3%
15   Precision Castparts Corp. (18)   1.3%
16   QUALCOMM, Inc. (15)   1.3%
17   Core Laboratories N.V. (20)   1.3%
18   Starbucks Corp. (13)   1.3%
19   Ultimate Software Group, Inc. (17)   1.3%
20   BioMarin Pharmaceutical, Inc. (19)   1.2%
    Holdings are subject to change.    
Monthly Performance    
Performance   NAV   Market Price   Discount
  Beginning of month value   $5.74   $5.34   7.0%
  Distributions   -   -    
  End of month value   $5.91   $5.62   4.9%
  Performance for month   2.96%   5.24%    
  Performance year-to-date   39.01%   47.82%    
The net asset value (NAV) of a closed-end fund is the market value of the underlying investments (i.e., stocks and bonds) in the Fund's portfolio, minus liabilities, divided by the total number of Fund shares outstanding. However, the Fund also has a market price; the value at which it trades on an exchange. If the market price is above the NAV the Fund is trading at a premium. If the market price is below the NAV the Fund is trading at a discount.
Returns for the Fund are total returns, which include dividends, after deducting Fund expenses. The Fund's performance is calculated assuming that a shareholder reinvested all distributions and exercised all primary rights in the Fund's rights offerings. Past performance cannot predict future investment results.
Performance will fluctuate with changes in market conditions. Current performance may be lower or higher than the performance data shown. Performance information shown does not reflect the deduction of taxes that shareholders would pay on Fund distributions or the sale of Fund shares. Shareholders must be willing to tolerate significant fluctuations in the value of their investment. An investment in the Fund involves risk, including loss of principal. 
Net Assets at Month-End ($millions)
  Total $139.9
  Equities $137.5
  Percent Invested 98.3%
Sector Breakdown (% of equity portfolio)*  
  Information Technology 28.4%
  Industrials 17.2%
  Consumer Discretionary 15.9%
  Financials 12.3%
  Health Care 11.9%
  Energy 7.0%
  Consumer Staples 5.2%
  Materials 2.1%
Total Market Value 100.0%
*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS).  
New Holdings   Holdings Liquidated
Ascent Capital Group, Inc., Class A   InterDigital, Inc.
Black Diamond, Inc.   Polycom, Inc.
Constellation Brands, Inc., Class A    
Hilton Worldwide Holdings, Inc.    
Textura Corp.    
Whole Foods Market, Inc.    

Contact Information:

Contact Information:
Liberty All-Star Growth Fund, Inc.