August 2007 Monthly Update Premium / Performance NAV Market Price (Discount) ----------- ----- ------------ -------- Beginning of month value $5.83 $5.79 -0.7% Distributions (Ex-Date August 8) $0.15 $0.15 End of month value $5.88 $5.71 -2.9% Performance for month 3.4% 1.2% Performance year-to-date 11.6% 15.1% For daily data visit the Fund's website at www.all-starfunds.com or call 1-800-241-1850. The Fund's daily NAV is also available by using the symbol XASGX. Past performance cannot predict future results. ------------------------------------------------------------------- Net Assets at Month-End ($millions) Total $163.8 Equities $164.3 Percent Invested in Equities 100.3% --------------------------------------------------------------------------- Top 20 Holdings at Month-End (26.2% of equity portfolio) ------------------------------------------------------- (Rank from previous month) 1 Cisco Systems (4) 1.9% 11 Smith International (11) 1.2% 2 Danaher (1) 1.9% 12 Core Laboratories (23) 1.2% 3 Affiliated Managers Group (7) 1.5% 13 LKQ (18) 1.2% 4 ANSYS (10) 1.5% 14 Intuitive Surgical (15) 1.1% 5 Praxair (5) 1.4% 15 Walgreen (14) 1.1% 6 Corporate Executive Board (6) 1.4% 16 Johnson Controls (12) 1.1% 7 PepsiCo (2) 1.4% 17 Genentech (17) 1.1% 8 Resources Connection (3) 1.3% 18 EMC (21) 1.1% 9 Schlumberger (9) 1.3% 19 Research In Motion (29) 1.1% 10 Rockwell Collins (13) 1.3% 20 Paychex (8) 1.1% Holdings are subject to change --------------------------------------------------------------------------- Sector Breakdown (% of equity portfolio) * New Holdings ------------------------------------------ ------------- Information Technology 25.2% Cytec Industries Industrials 16.5% Expeditors International of Washington Consumer Discretionary 15.5% I-Flow Health Care 15.5% Mercadolibre Energy 10.2% Omnicom Financials 8.9% Spirit AeroSystems Consumer Staples 3.6% Take-Two Interactive Software Telecommunication Services 2.4% Thermo Fisher Scientific Materials 2.2% VMware 100.0% WuXi PharmaTech Cayman Holdings Liquidated ------------------- Electronic Arts Energy Conversion Devices Goldman Sachs Group Infosys Technologies Linear Technology Security Capital Assurance Starbucks William Scotsman International * 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