October 2007 Monthly Update
Market Premium /
Performance NAV Price (Discount)
----------- --------- --------- -----------
Beginning of month value $ 6.25 $ 5.81 -7.0%
Distributions - -
End of month value $ 6.59 $ 6.06 -8.0%
Performance for month 5.4% 4.3%
Performance year-to-date 25.0% 22.2%
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.
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Net Assets at Month-End ($millions)
-----------------------------------
Total $185.7
Equities $179.2
Percent Invested in Equities 96.5%
Top 20 Holdings at Month-End (26.4% of equity portfolio)
(Rank from previous month)
1. Danaher (1) 1.9% 11. Resources Connection (13) 1.2%
2. Cisco Systems (2) 1.8% 12. Corporate Executive Board (7) 1.2%
3. Affiliated Managers
Group (3) 1.6% 13. LKQ (12) 1.2%
4. Intuitive Surgical (17) 1.5% 14. FMC Technologies (15) 1.2%
5. Core Laboratories (8) 1.5% 15. Johnson Controls (18) 1.2%
6. Research In Motion (14) 1.4% 16. Schlumberger (9) 1.1%
7. Praxair (6) 1.4% 17. FLIR Systems (24) 1.1%
8. ANSYS (5) 1.3% 18. Smith International (10) 1.1%
9. EMC (19) 1.3% 19. Ctrip.com International (16) 1.1%
10. Rockwell Collins (11) 1.2% 20. Charles Schwab (21) 1.1%
Holdings are subject to change
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Sector Breakdown (% of equity portfolio) * New Holdings
------------------------------------------ -------------
Information Technology 25.8% Brookfield Asset Management
Health Care 16.4% CME Group
Industrials 15.7% Isis Pharmaceuticals
Consumer Discretionary 13.7% Orthofix International
Energy 10.7%
Financials 9.5% Holdings Liquidated
Consumer Staples 3.3% -------------------
Materials 2.5% Capella Education
Telecommunication Services 2.4% CV Therapeutics
------- DJO
100.0% Focus Media Holding
Network Appliance
P.F. Chang's China Bistro
Palomar Medical Technologies
* Based on Standard & Poor's and Morgan Stanley Capital International
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: For Information Contact: Liberty All-Star Growth Fund, Inc. 617-426-1745 www.all-starfunds.com