November 2007 Monthly Update Premium / Performance NAV Market Price (Discount) ----------- --- ------------ ---------- Beginning of month value $8.92 $8.31 (6.8%) Distributions (Ex-Date November 7) $0.22 $0.22 End of month value $8.24 $7.12 (13.6%) Performance for month (5.2%) (11.7%) Performance year-to-date 4.4% (4.2%) For daily data visit the Fund's website at www.all-starfunds.com or call 1-800-241-1850. The Fund's daily NAV is also available by using the symbol XUSAX. Past performance cannot predict future results. --------------------------------------------------------------------------- Net Assets at Month-End ($millions) ---------------------------------- Total $1,323.7 Equities $1,294.5 Percent Invested in Equities 97.8% --------------------------------------------------------------------------- Top 20 Holdings at Month-End (32.2% of equity portfolio) -------------------------------------------------------- (Rank from previous month) 1 Freddie Mac (4) 2.3% 11 Dell (8) 1.5% 2 Schlumberger (2) 2.2% 12 Google (11) 1.5% 3 Microsoft (1) 2.2% 13 Salesforce.com (15) 1.5% 4 Citigroup (3) 2.0% 14 Bank of America (12 1.4% 5 Wal-Mart (7) 1.9% 15 Pfizer (13) 1.4% 6 Fannie Mae (5) 1.8% 16 Johnson & Johnson (22)1.4% 7 Consol Energy (14) 1.6% 17 Amazon.com (19) 1.3% 8 Annaly Capital Management (17) 1.5% 18 Teva Pharmaceutical 9 QUALCOMM (10) 1.5% Industries (16) 1.3% 10 General Electric (9) 1.5% 19 Arch Coal (20) 1.3% 20 Navistar International (21) 1.1% Holdings are subject to change --------------------------------------------------------------------------- Sector Breakdown (% of equity portfolio) * New Holdings --------------------------------------- ------------ Information Technology 21.3% Colgate-Palmolive Financials 21.3% McGraw-Hill Health Care 14.1% Medco Health Solutions Industrials 12.3% PepsiCo Consumer Discretionary 10.6% Procter & Gamble Energy 8.9% Taiwan Semiconductor Consumer Staples 5.1% Manufacturing Materials 2.7% Wachovia Utilities 1.9% Telecommunication Services 1.8% Holdings Liquidated ----- ------------------- 100.0% Accenture AGCO EMC Goodrich IBM MGIC Investment Radian Group * Based on Standard & Poor's and Morgan Stanley Capital International Global Industry Classification Standard (GICS). The Liberty All-Star Equity Fund 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