SOURCE: ALPS Advisers, Inc.

February 20, 2007 08:33 ET

Liberty All-Star® Growth Fund, Inc. Declares Distribution

BOSTON, MA -- (MARKET WIRE) -- February 20, 2007 -- The Board of Directors of Liberty All-Star Growth Fund, Inc. (NYSE: ASG) has declared a distribution of $0.15 per share payable on March 19, 2007 to shareholders of record on March 2, 2007 (ex-dividend date of February 28, 2007).

The distribution will be paid in cash. Shareholders participating in Liberty All-Star Growth Fund's Dividend Reinvestment Plan and Cash Purchase Plan will receive shares purchased for them on the open market by the Plan Agent (if the shares are trading at a discount from their net asset value) or issued to them by the Fund (if the shares are trading at or above their net asset value).

Liberty All-Star Growth Fund, Inc. is a multi-managed, closed-end investment company with more than $165 million in net assets. The Fund's shares are listed on the New York Stock Exchange under the symbol ASG.

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