Liberty All-Star(R) Growth Fund, Inc. July 2013 Monthly Update

BOSTON, MA--(Marketwired - Aug 19, 2013) - Below is the July 2013 Monthly Update for the Liberty All-Star^® Growth Fund, Inc. (NYSE: ASG)

Liberty All-Star Growth Fund	Monthly Update
Ticker: ASG	July, 2013

Investment Approach
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:
	M.A. Weatherbie & Company, Inc.  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
		(31.2% of equity portfolio)
		(Rank from previous month)
1		ACE Ltd. (1)		2.2%
2		Cerner Corp. (3)		1.8%
3		LinkedIn Corp., Class A (2)		1.8%
4		Oceaneering International, Inc. (6)		1.7%
5		Under Armour, Inc., Class A (8)		1.7%
6		QUALCOMM, Inc. (5)		1.7%
7		Signature Bank (10)		1.6%
8		Amazon.com, Inc. (12)		1.6%
9		Starbucks Corp. (13)		1.6%
10		Google, Inc., Class A (7)		1.6%
11		Splunk, Inc. (9)		1.5%
12		athenahealth, Inc. (56)		1.5%
13		Fastenal Co. (11)		1.5%
14		ARM Holdings PLC (16)		1.5%
15		Salesforce.com, Inc. (18)		1.4%
16		Ultimate Software Group, Inc. (22)		1.4%
17		American Tower Corp. (14)		1.3%
18		BioMarin Pharmaceutical, Inc. (15)		1.3%
19		Visa, Inc., Class A (17)		1.3%
20		Waste Connections, Inc. (23)		1.2%
		Holdings are subject to change.

Monthly Performance
	Performance	NAV	Market Price	Discount
	Beginning of month value	$4.97	$4.48	9.9%
	Distributions (Ex-Date July 31)	$0.08	$0.08
	End of month value	$5.19	$4.67	10.0%
	Performance for month	6.22%	6.03%
	Performance year-to-date	20.00%	20.74%

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 and exercised all primary rights in the Fund's rights offerings. 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		$121.1
	Equities		$118.6
	Percent Invested		97.9%
Sector Breakdown (% of equity portfolio)*
	Information Technology		30.0%
	Consumer Discretionary		17.3%
	Industrials		16.0%
	Health Care		11.4%
	Financials		10.3%
	Energy		6.1%
	Consumer Staples		5.1%
	Materials		2.2%
	Telecommunication Services		1.6%
Total Market Value			100.0%
*Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS).

New Holdings		Holdings Liquidated - None
Nordson Corp.
Onconova Therapeutics, Inc.
Polaris Industries, Inc.
RetailMeNot, Inc.