BOSTON, MA--(Marketwired - Feb 12, 2014) - Below is the January 2014 Monthly Update for the Liberty All-Star® Growth Fund, Inc. (NYSE: ASG)

Liberty All-Star Growth Fund Monthly Update
  Ticker: ASG January, 2014
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    
    (31.1% of equity portfolio)    
      (Rank from previous month)    
1   Cerner Corp. (1)   2.1%
2   Splunk, Inc. (4)   2.1%
3   Google, Inc., Class A (5)   1.9%
4   Signature Bank (9)   1.8%
5   Dril-Quip, Inc. (6)   1.8%
6   athenahealth, Inc. (11)   1.8%
7, Inc. (10)   1.8%
8, Inc. (2)   1.7%
9   The Ultimate Software Group, Inc. (19)   1.7%
10   ARM Holdings PLC (7)   1.4%
11   LinkedIn Corp., Class A (13)   1.4%
12   Visa, Inc., Class A (12)   1.4%
13   American Tower Corp. (14)   1.4%
14, Inc. (24)   1.3%
15   Precision Castparts Corp. (15)   1.3%
16   BofI Holding, Inc. (36)   1.3%
17   Schlumberger Ltd. (21)   1.3%
18   BioMarin Pharmaceutical, Inc. (20)   1.2%
19   Core Laboratories N.V. (17)   1.2%
20   Waste Connections, Inc. (23)   1.2%
    Holdings are subject to change.    
Monthly Performance    
Performance   NAV   Market Price   Discount
  Beginning of month value   $5.91   $5.62   4.9%
  Distributions (Ex-Date January 22)   $0.09   $0.09    
  End of month value   $5.69   $5.19   8.8%
  Performance for month   -2.05%   -6.05%    
  Performance year-to-date   -2.05%   -6.05%    
The net asset value (NAV) of a closed-end fund is the market value of the underlying investments (i.e., stocks and bonds) in the Fund's portfolio, minus liabilities, divided by the total number of Fund shares outstanding. However, the Fund also has a market price; the value at which it trades on an exchange. If the market price is above the NAV the Fund is trading at a premium. If the market price is below the NAV the Fund is trading at a discount.
Returns for the Fund are total returns, which include dividends, after deducting Fund expenses. The Fund's performance is calculated assuming that a shareholder reinvested all distributions. Past performance cannot predict future investment results.
Performance will fluctuate with changes in market conditions. Current performance may be lower or higher than the performance data shown. Performance information shown does not reflect the deduction of taxes that shareholders would pay on Fund distributions or the sale of Fund shares. Shareholders must be willing to tolerate significant fluctuations in the value of their investment. An investment in the Fund involves risk, including loss of principal.
Net Assets at Month-End ($millions)
  Total $134.7
  Equities $133.8
  Percent Invested 99.3%
Sector Breakdown (% of equity portfolio)*  
  Information Technology 28.1%
  Industrials 16.2%
  Consumer Discretionary 15.2%
  Financials 13.8%
  Health Care 13.0%
  Energy 6.4%
  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
Dorman Products, Inc.   Forum Energy Technologies, Inc.
Evercore Partners, Inc., Class A   National-Oilwell Varco, Inc.
Intercept Pharmaceuticals, Inc.   Neogen Corp.
RSP Permian, Inc.   Onconova Therapeutics, Inc.
Santander Consumer USA Holdings, Inc.   Shutterfly, Inc.
    Thor Industries, Inc.
    Ulta Salon, Cosmetics & Fragrance, Inc.

Contact Information:

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