February 2008 Monthly Update Market Premium / Performance NAV Price (Discount) ---------- ---------- ---------- Beginning of month value $ 5.30 $ 5.16 (2.6%) Distributions - - End of month value $ 5.14 $ 4.99 (2.9%) Performance for month (3.0%) (3.3%) Performance year-to-date (12.7%) (14.1%) 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 $ 146.5 Equities $ 145.7 Percent Invested in Equities 99.5% -------------------------------------------------------------------------- Top 20 Holdings at Month-End (27.6% of equity portfolio) ------------------------------------------------------- (Rank from previous month) 1 Core Laboratories (11) 1.7% 11 Research In Motion (17) 1.3% 2 ANSYS (10) 1.7% 12 Smith International (26) 1.3% 3 Potash (9) 1.6% 13 Lockheed Martin (12) 1.3% 4 Deere (1) 1.6% 14 Colgate-Palmolive (14) 1.3% 5 Affiliated Managers Group(2) 1.5% 15 United Technologies (13) 1.3% 6 McDonald's (5) 1.5% 16 Ctrip.com International (41) 1.2% 7 Genzyme (7) 1.5% 17 AFLAC (19) 1.2% 8 Procter & Gamble (6) 1.5% 18 Baxter International (16) 1.2% 9 Coca-Cola (8) 1.4% 19 Johnson & Johnson (20) 1.1% 10 FMC Technologies (22) 1.3% 20 Corporate Executive Board (24) 1.1% Holdings are subject to change ---------------------------------------------------------- Sector Breakdown (% of equity portfolio) * New Holdings --------------------------------------- ------------ Industrials 21.3% Alliance Data Systems Health Care 19.7% America Movil Information Technology 15.5% Apache Energy 11.8% Burlington Northern Consumer Discretionary 10.8% CSX Financials 8.3% CVS Caremark Consumer Staples 6.6% Devon Energy Materials 3.0% Weatherford International Telecommunication Services 3.0% XTO Energy ------ 100.0% Holdings Liquidated -------------------- Danaher Entergy Hansen Natural Microsoft National Interstate Oracle Precision Castparts * 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 1-800-241-1850 www.all-starfunds.com