<DOCUMENT>
<TYPE>EX-99.2K
<SEQUENCE>3
<FILENAME>altman.txt
<DESCRIPTION>FORM OF INFORMATION AGENT AGREEMENT
<TEXT>
                                               T H E ALTMAN GROUP
                           The Altman Group, Inc.      1275 Valley Brook Ave
                           Proxy Solicitation          Lyndhurst, NJ 07071
                           Investor Relations          Tel: 201-460-1200
                           Bankruptcy Services Fax:    201-460-0050


February 18, 2004

Liberty All-Star Equity Fund
Liberty Asset Management Company
One Financial Center
Mail Stop: MADE 11511C
Boston, MA 02111
Attn: Mr. Mark Haley

RE: Form of Information Agent for Liberty All-Star Equity Fund's Rights
    Offering

Dear Mark: This letter will serve as the agreement (the "Agreement") between The
Altman Group,  Inc.  ("The Altman Group") and the Liberty  All-Star  Equity Fund
(the  "Equity  Fund"),  pursuant  to which The  Altman  Group will  provide  the
services set forth below in connection  with the Equity Fund's rights  offering,
which is expected to commence in April 2004.

1.  Description  of Services

a) The services to be provided by The Altman Group under this  Agreement
    include,  but are not limited to:

i) The contacting of banks,  brokers and  intermediaries  to determine the
number of beneficial owners serviced by each;

ii) The distribution of the  offering  documents  to  banks,  brokers,  and
intermediaries  and  the forwarding of additional materials as requested;

iii) The printing of documents as  requested;

iv) The set up of a  dedicated   toll-free  number to  respond to inquiries,
provide assistance to shareholders,  and monitor the response to the offer;


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v) The enclosing and mailing of the offering documents to interested
shareholders; and

vi) Providing periodic reports, as requested.

b) If requested by the Equity Fund, The Altman Group will, for an additional fee
(set forth below), proactively contact registered shareholders and/or non-
objecting beneficial holders (NOBOs) to help promote participation in the offer.

2. Fees

     a) The Altman Group agrees to perform the  services  described  above for a
base fee of $4,500, plus out-of-pocket  expenses.  The base fee shall be paid at
such time as this Agreement is executed.

     b)  The  Equity  Fund  will  reimburse  The  Altman  Group  for  reasonable
out-of-pocket  expenses,  which  may  include  postage,  telephone  and  courier
charges,  data transmission  charges,  and other expenses approved by the Equity
Fund. Any  out-of-pocket  expenses  incurred will be invoiced to the Equity Fund
after the  completion of the rights  offering.  Copies of supplier  invoices and
other back-up material in support of The Altman Group's  out-of-pocket  expenses
shall be  available  for review  upon  reasonable  notice at the  offices of The
Altman Group during normal business hours.

     c) In  addition  to the base fee,  a $4.50 per  telephone  call fee will be
charged for every inbound  telephone call received from a shareholder  regarding
the Equity Fund's rights offering.

d) The additional fee for contacting NOBOs and registered shareholders, if
requested, will include a fee of $4.50 per shareholder contacted, a $300 set up
fee and out of pocket expenses related to telephone number lookups and line
charges.

3. Confidentiality

The Altman Group and the Equity Fund agree that all books, records,
information and data pertaining to the business of the other party which are
exchanged or received pursuant to the negotiation or the carrying out of this
Agreement shall remain confidential, and shall not be voluntarily disclosed to
any other person, except as may be required by law. The Altman Group shall



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                                                     T H E AL T M A N GROUP


not disclose or use any  nonpublic  information  (as that term is defined in SEC
Regulation S-P promulgated under Title V of the  Gramm-Leach-Bliley Act of 1999)
relating to the  customers of the Equity Fund and/or its  affiliates  ("Customer
Information")  except  as may be  necessary  to carry out the  purposes  of this
Agreement. The Altman Group shall use best efforts to safeguard and maintain the
confidentiality of such Customer  Information,  and to limit access to and usage
of  such  Customer  Information  to  those  employees,   officers,   agents  and
representatives  of The Altman Group who have a need to know the  information or
as necessary to provide the services under this Agreement.

4. Indemnification

     a) The Altman Group shall be entitled to rely upon any written instructions
or  directions  furnished  to it by an  appropriate  Officer of the Equity  Fund
(President,  Vice President,  Secretary,  Assistant Secretary, or Treasurer), in
conformity with the provisions of this Agreement.  The Altman Group shall not be
under any duty or  obligation  to inquire  into the  validity or  invalidity  or
authority or lack thereof of any instruction or direction from an Officer of the
Equity Fund which conforms to the applicable  requirements of this Agreement and
which The Altman Group  reasonably  believes to be genuine.

     (b) The Equity Fund will  indemnify The Altman Group  against,  and hold it
harmless from, all liability and expense which may arise out of or in connection
with the services  described in this Agreement or the instructions or directions
furnished  to The Altman  Group  relating to this  Agreement  by an  appropriate
Officer of the Equity  Fund,  except for any  liability  or expense  which shall
arise out of the  negligence,  bad faith or  willful  misconduct  of The  Altman
Group.

     (c) The Altman Group shall be responsible  for and shall indemnify and hold
the Equity Fund  harmless from and against any and all losses,  damages,  costs,
charges,  counsel  fees,  payments,  expenses  and  liability  arising out of or
attributable  to The Altman Group's  refusal or failure to comply with the terms
of this  Agreement,  or which arise out of The Altman  Group's  negligence,  bad
faith or willful  misconduct.

     5.  Termination  This agreement shall remain in effect until the conclusion
of the Equity  Fund  rights  offering  or,  prior to that upon 30 days'  written
notice by either party to the other. 3


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                                                        T H E AL T M A N GROUP
6. Governing Law

This Agreement will be governed and construed in accordance with the laws of
the State of Massachusetts, without regard to principles of conflicts of law.

7. Amendments

This Agreement, or any term of this Agreement, may be changed or waived only
by written amendment signed by a duly authorized representative of each party
to this Agreement.

8. Assignment
This Agreement shall not be assigned without the prior written consent of each
party to the Agreement.

9. Counterparts

This Agreement may be executed in two or more counterparts,  each of which shall
be deemed an original,  but all of which together  shall  constitute one and the
same Agreement.

10. Captions

The captions and descriptive headings in this Agreement are for only the
convenience of the parties. They do not in any way define or limit any of the
terms of this Agreement.

11. Severability

If any provision of this  Agreement  shall be held invalid by a court  decision,
statute,  rule  or  otherwise,  the  remainder  of the  Agreement  shall  not be
affected.



                                                         T H E AL T M A N GROUP
12. Survival

The provisions of Sections 3, 4, and 6 shall survive any termination, for any
reason, of this Agreement.

If you are in  agreement  with  the  above,  kindly  sign  both  copies  of this
Agreement in the space  provided  for that purpose  below and return one copy to
us.  Additionally,  an invoice for the base fee is attached and The Altman Group
requires  that  we  receive  this  fee  prior  to the  mailing  of the  offering
materials.

Sincerely,

THE  ALTMAN  GROUP,  INC.



----------------------------

AGREED:

Liberty All-Star Equity Fund



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Print Authorized Name



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Authorized Signature



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Title



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Date

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                                                       T H E AL T M A N GROUP

                               T H E ALTMAN GROUP, I NC.
                               Proxy Solicitation    1275 Valley Brook Avenue,
                               Investor Relations    Lyndhurst, NJ 07071
                               Bankruptcy Services   Tel: 201-460-1200
                                                     Fax: 201-460-0050
                                                     www.altmangroup.com

RETAINER INVOICE FOR INFORMATION AGENT SERVICES RIGHTS OFFERING APRIL 2004

Date:
Invoice
Number:

TO: Liberty All-Star Equity Fund
One Financial Center
Boston, MA 02111
Attn: Mr. Mark Haley

Retainer for Information Agent services for the 2004 Rights Offering. An invoice
for  all  out of  pocket  expenses  will be sent  after  the  completion  of the
offering.  Amount due prior to the mailing of the  prospectus  material:  $4,500
Please make all check payable to The Altman Group,  Inc. and send to the address
listed  above.  "OR" The  following is the bank  information  needed  should you
choose to wire the funds:

                          Citibank,  N.A.
                         460 Park  Avenue
                         New York,  NY 10022
                    Account Name: The Altman Group Account
                         Number:
                       The Altman Group, Inc. Tax ID


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