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ALPS Advisers, Inc.: Liberty All-Star(R) Growth Fund, Inc. December 2008 Monthly Update

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^{Published in Business and Finance on Tuesday, January 13th 2009 at 7:24 GMT, Last Modified on 2009-01-13 07:24:47 by Market Wire}  

BOSTON, MA--(Marketwire - January 13, 2009) -

Below is the December 2008 Monthly Update for the Liberty All-Star® Growth Fund, Inc. (NYSE: [ ASG ])

 December 2008 Monthly Update Performance NAV Market Price Discount ----------- ----- ------------ -------- Beginning of month value $3.24 $2.45 24.4% Distributions (Ex-Date December 10) $0.08 $0.08 End of month value $3.24 $2.60 19.8% Performance for month 2.5% 9.4% Performance year-to-date (40.5%) (51.2%) For daily data visit the Fund's website at [ www.all-starfunds.com ] or call 1-800-241-1850. The Fund's daily NAV is also available by using the symbol XASGX. Past performance cannot predict future results. ---------------------------------------------------------------------- Net Assets at Month-End ($millions) Total $95.5 Equities $94.1 Percent Invested in Equities 98.5% ---------------------------------------------------------------------- Top 20 Holdings at Month-End (31.2% of equity portfolio) -------------------------------------------------------- (Rank from previous month) 1 McDonald's Corp.(2) 2.3% 11 Resources 2 Wal-Mart Stores, Inc.(1) 2.2% Connection, Inc.(9) 1.5% 3 Teva Pharmaceutical 12 Strayer Education, Inc.(5) 1.5% Industries Ltd.(4) 1.8% 13 Stantec, Inc.(21) 1.4% 4 ANSYS, Inc.(3) 1.7% 14 Core Laboratories N.V.(8) 1.4% 5 Johnson & Johnson(6) 1.7% 15 Exxon Mobil Corp.(39) 1.4% 6 Amgen, Inc.(14) 1.7% 16 Waste Management, Inc.(31) 1.4% 7 Genzyme Corp.(10) 1.6% 17 Lowe's Cos., Inc.(New) 1.3% 8 LKQ Corp.(12) 1.6% 18 Wells Fargo & Co.(22) 1.3% 9 The Procter & 19 Affiliated Managers Gamble Co.(7) 1.5% Group, Inc.(40) 1.2% 10 Accenture Ltd., 20 Clean Harbors, Inc.(15) 1.2% Class A(13) 1.5% Holdings are subject to change ---------------------------------------------------------------------- Sector Breakdown (% of equity portfolio)* --------------------------------------- Health Care 23.6% New Holdings Information Technology 19.4% ----------------------- Industrials 15.3% Broadcom Corp., Class A Consumer Discretionary 14.1% Eli Lilly & Co. Financials 9.3% Equinix, Inc. Consumer Staples 7.7% Expeditors International Energy 7.2% of Washington, Inc. Telecommunication Services 2.2% Lowe's Cos., Inc. Materials 0.9% Whiting Petroleum Corp. Utilities 0.3% ----- 100.0% Holdings Liquidated --------------------------- Bucyrus International, Inc. Burlington Northern Santa Fe Corp. FMC Technologies, Inc. SINA Corp. Union Pacific Corp. The Western Union Co. 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.