<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>12
<FILENAME>poas.txt
<DESCRIPTION>POWER OF ATTORNEYS
<TEXT>
                         POWER OF ATTORNEY FOR SIGNATURE



The undersigned constitutes William J. Ballou, Jeremiah J. Bresnahan, J. Kevin
Connaughton, Tracy S. DiRienzo, Ellen Harrington, Kevin S. Jacobs, Russell L.
Kane, Robert R. Leveille and Vincent P. Pietropaolo, individually, as my true
and lawful attorney, with full power to each of them to sign for me and in my
name, any and all registration statements and any and all amendments to the
registration statements filed under the Securities Act of 1933 or the Investment
Company Act of 1940 with the Securities and Exchange Commission for the purpose
of complying with such registration requirements in my capacity as a
trustee/director or officer of Liberty All-Star Equity Fund and Liberty All-Star
Growth, Inc. (All-Star Funds). This Power of Attorney authorizes the above
individuals to sign my name and will remain in full force and effect until
specifically rescinded by me.

I specifically permit this Power of Attorney to be filed, as an exhibit to a
registration statement or amendment to a registration statement of the All-Star
Funds, with the Securities and Exchange Commission and I request that this Power
of Attorney then constitutes authority to sign additional amendments and
registration statements by virtue of its incorporation by reference into the
registration statements and amendments for the All-Star Funds.

In witness, I have signed this Power of Attorney on this 10th day of October,
2001.




                                                /S/ROBERT J. BIRNBAUM
                                                --------------------------------
                                                   Robert J. Birnbaum




<PAGE>



                         POWER OF ATTORNEY FOR SIGNATURE



The undersigned constitutes William J. Ballou, Jeremiah J. Bresnahan, J. Kevin
Connaughton, Tracy S. DiRienzo, Ellen Harrington, Kevin S. Jacobs, Russell L.
Kane, Robert R. Leveille and Vincent P. Pietropaolo, individually, as my true
and lawful attorney, with full power to each of them to sign for me and in my
name, any and all registration statements and any and all amendments to the
registration statements filed under the Securities Act of 1933 or the Investment
Company Act of 1940 with the Securities and Exchange Commission for the purpose
of complying with such registration requirements in my capacity as a
trustee/director or officer of Liberty All-Star Equity Fund and Liberty All-Star
Growth, Inc. (All-Star Funds). This Power of Attorney authorizes the above
individuals to sign my name and will remain in full force and effect until
specifically rescinded by me.

I specifically permit this Power of Attorney to be filed, as an exhibit to a
registration statement or amendment to a registration statement of the All-Star
Funds, with the Securities and Exchange Commission and I request that this Power
of Attorney then constitutes authority to sign additional amendments and
registration statements by virtue of its incorporation by reference into the
registration statements and amendments for the All-Star Funds.

In witness, I have signed this Power of Attorney on this 10th day of October,
2001.




                                                /S/RICHARD W. LOWRY
                                                --------------------------------
                                                   Richard W. Lowry




<PAGE>



                         POWER OF ATTORNEY FOR SIGNATURE



The undersigned constitutes William J. Ballou, Jeremiah J. Bresnahan, J. Kevin
Connaughton, Tracy S. DiRienzo, Ellen Harrington, Kevin S. Jacobs, Russell L.
Kane, Robert R. Leveille and Vincent P. Pietropaolo, individually, as my true
and lawful attorney, with full power to each of them to sign for me and in my
name, any and all registration statements and any and all amendments to the
registration statements filed under the Securities Act of 1933 or the Investment
Company Act of 1940 with the Securities and Exchange Commission for the purpose
of complying with such registration requirements in my capacity as a
trustee/director or officer of Liberty All-Star Equity Fund and Liberty All-Star
Growth, Inc. (All-Star Funds). This Power of Attorney authorizes the above
individuals to sign my name and will remain in full force and effect until
specifically rescinded by me.

I specifically permit this Power of Attorney to be filed, as an exhibit to a
registration statement or amendment to a registration statement of the All-Star
Funds, with the Securities and Exchange Commission and I request that this Power
of Attorney then constitutes authority to sign additional amendments and
registration statements by virtue of its incorporation by reference into the
registration statements and amendments for the All-Star Funds.

In witness, I have signed this Power of Attorney on this 10th day of October,
2001.





                                                /S/JAMES E. GRINNELL
                                                --------------------------------
                                                   James E. Grinnell




<PAGE>



                         POWER OF ATTORNEY FOR SIGNATURE



The undersigned constitutes William J. Ballou, Jeremiah J. Bresnahan, J. Kevin
Connaughton, Tracy S. DiRienzo, Ellen Harrington, Kevin S. Jacobs, Russell L.
Kane, Robert R. Leveille and Vincent P. Pietropaolo, individually, as my true
and lawful attorney, with full power to each of them to sign for me and in my
name, any and all registration statements and any and all amendments to the
registration statements filed under the Securities Act of 1933 or the Investment
Company Act of 1940 with the Securities and Exchange Commission for the purpose
of complying with such registration requirements in my capacity as a
trustee/director or officer of Liberty All-Star Equity Fund and Liberty All-Star
Growth, Inc. (All-Star Funds). This Power of Attorney authorizes the above
individuals to sign my name and will remain in full force and effect until
specifically rescinded by me.

I specifically permit this Power of Attorney to be filed, as an exhibit to a
registration statement or amendment to a registration statement of the All-Star
Funds, with the Securities and Exchange Commission and I request that this Power
of Attorney then constitutes authority to sign additional amendments and
registration statements by virtue of its incorporation by reference into the
registration statements and amendments for the All-Star Funds.

In witness, I have signed this Power of Attorney on this 10th day of October,
2001.





                                                /S/WILLIAM E. MAYER
                                                --------------------------------
                                                   William E. Mayer





<PAGE>



                         POWER OF ATTORNEY FOR SIGNATURE



The undersigned constitutes William J. Ballou, Jeremiah J. Bresnahan, J. Kevin
Connaughton, Tracy S. DiRienzo, Ellen Harrington, Kevin S. Jacobs, Russell L.
Kane, Robert R. Leveille and Vincent P. Pietropaolo, individually, as my true
and lawful attorney, with full power to each of them to sign for me and in my
name, any and all registration statements and any and all amendments to the
registration statements filed under the Securities Act of 1933 or the Investment
Company Act of 1940 with the Securities and Exchange Commission for the purpose
of complying with such registration requirements in my capacity as a
trustee/director or officer of Liberty All-Star Equity Fund and Liberty All-Star
Growth, Inc. (All-Star Funds). This Power of Attorney authorizes the above
individuals to sign my name and will remain in full force and effect until
specifically rescinded by me.

I specifically permit this Power of Attorney to be filed, as an exhibit to a
registration statement or amendment to a registration statement of the All-Star
Funds, with the Securities and Exchange Commission and I request that this Power
of Attorney then constitutes authority to sign additional amendments and
registration statements by virtue of its incorporation by reference into the
registration statements and amendments for the All-Star Funds.

In witness, I have signed this Power of Attorney on this 10th day of October,
2001.





                                                /S/JOHN J. NEUHAUSER
                                                --------------------------------
                                                   John J. Neuhauser



</TEXT>
</DOCUMENT>
