June 2008 Monthly Update Premium / Performance NAV Market Price (Discount) ----------- --- ------------ ---------- Beginning of month value $5.47 $5.06 (7.5%) Distributions - - End of month value $5.11 $4.67 (8.6%) Performance for month (6.4%) (7.7%) Performance year-to-date (10.8%) (17.3%) For daily data visit the Fund's website at www.all-starfunds.com or call 1-800-241-1850. The Fund's daily NAV is also available by using the symbol XASGX. Past performance cannot predict future results. --------------------------------------------------------------------------- Net Assets at Month-End ($millions) ----------------------------------- Total $148.8 Equities $145.7 Percent Invested in Equities 97.9% --------------------------------------------------------------------------- Top 20 Holdings at Month-End (28.5% of equity portfolio) ------------------------------------------------------- (Rank from previous month) 1 ANSYS, Inc. (1) 2.0% 11 LKQ Corp. (8) 1.4% 2 Smith International, Inc. (6) 1.7% 12 Resources Connection, 3 Core Laboratories N.V. (4) 1.6% Inc. (10) 1.4% 4 McDonald's Corp. (3) 1.6% 13 QUALCOMM, Inc. (27) 1.3% 5 Wal-Mart Stores, Inc. (9) 1.5% 14 Baxter International, 6 FMC Technologies, Inc. (2) 1.5% Inc. (20) 1.3% 7 International Business 15 General Dynamics Corp. (26) 1.3% Machines Corp. (7) 1.5% 16 Flowserve Corp. (16) 1.3% 8 Affiliated Managers 17 Oracle Corp. (12) 1.3% Group, Inc. (5) 1.4% 18 Aflac, Inc. (17) 1.2% 9 Potash Corp. of Saskatchewan, Inc. (22) 1.4% 19 Strayer Education, Inc. (23) 1.2% 10 Praxair, Inc. (21) 1.4% 20 Corning, Inc. (11) 1.2% Holdings are subject to change --------------------------------------------------------------------------- Sector Breakdown (% of equity portfolio) * ------------------------------------------ Information Technology 23.7% New Holdings Industrials 17.2% ----------------------------------- Health Care 16.0% ABB Ltd. Energy 13.5% ArthroCare Corp. Consumer Discretionary 10.9% Assurant, Inc. Financials 7.3% CA, Inc. Consumer Staples 5.0% Innophos Holdings, Inc. Materials 4.1% Intrepid Potash, Inc. Telecommunication Services 2.3% K12, Inc. ------ Staples, Inc. 100.0% Holdings Liquidated ----------------------------------- Archer-Daniels-Midland Co. China Mobile Ltd. CSX Corp. Dick's Sporting Goods, Inc. * Based on Standard & Poor's and MSCI Barra 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 1-800-241-1850 www.all-starfunds.com