<DOCUMENT>
<TYPE>EX-99
<SEQUENCE>2
<FILENAME>amend.txt
<TEXT>
770 Transactions effected pursuant to Rule 10f-3

Liberty All-Star Equity Fund (Fund)

On May 24, 2004, the Fund purchased 107,650 par value of common stock of
Genworth Financial Inc. (Securities) for a total purchase price of $209,917.50
from Morgan Stanley pursuant to a public offering in which Banc of America
Securities acted as a participating underwriter. Banc of America Securities may
be considered to be an affiliate of the Fund.

The  following  information  was  collected  pursuant  to Rule 10f-3  procedures
adopted by the Fund's Trustees:

       o The Fund's advisor,  Columbia Management  Advisors,  Inc. (Advisor)
         believed that  the  gross  underwriting  spread  associated  with the
         purchase of the Securities was reasonable and fair compared to the
         spreads in connection  with similar underwritings of similar securities
         being sold during a comparable period of time;

o        The Securities were offered pursuant to an underwriting or similar
         agreement under which the underwriters were committed to purchase all
         of the Securities being offered;

o       The issuer of the Securities has been in continuous operation for at
        least three years;

o       The amount of Securities purchased did not exceed 25% of the amount
        of the offering;

o       The Securities were to be purchased at not more than the public offering
        price no later than the first day of the offering.

Along with Banc of America Securities, the following is a list of members of the
underwriting syndicate for the aforementioned Securities: Deutsche Bank
Securities; Merrill Lynch & Co.; Citigroup; JP Morgan; UBS Investment Bank;
Goldman Sachs & Co.; Credit Suisse First Boston; Lehman Brothers; Dowling &
Partners Securities; Keefe, Bruyette & Woods; Raymond James; The Williams
Capital Group L.P.; Cochran, Caronia & Co.; Fox-Pitt, Kelton; Legg Mason Wood
Walker; Blaylock & Partners, L.P.; Edward D. Jones & Co. L.P.; Keybanc Capital
Markets; Stephens Inc; Utenahl Capital Partners L.P.; TD Securities; Tokyo-
Mitsubishi International plc; SG Cowen & Co, LLC; Scotial Capital (USA) Inc.;
Santander Investment Securities, Inc.; Sandler O'Neill & Partners L.P.; RBC
Capital Markets Corporation; Ramirez & co., Inc.; Ormes Capital Markets, Inc.;
Nomura Securities International Inc.; Muriel Siebert & co., Inc.; Melvin
Securities, LLC.; Loop Capital Markets LLC; Lazard Freres & Co., LLC: C.L.
King & Associates, Inc.; ING Financial Markets LLC; HSBC Securities (USA)Inc.;
Harris Nesbitt Corp; Guzman & Company; Dresdner Kleinwort Wasserstein Securities
LLC; Daiwa Securities SMBC Europe; CMG Institutional Trading, LLC; CIBC World
Markets Corp; BNP Paribas Securities Corp; Bear, Stearns & Co., Inc.; BB & T
Capital Markets; Barclays Capital Inc.; Banca IMI S.p.A.




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