-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 T04tMgCsyg/tOc0MBWJ1mUHpEw60To//ldwqVVaASoahRIYZxpgsYh2uSl2RX8BA
 iPx7RK6TQncfHMagggIYlw==

<SEC-DOCUMENT>0000019475-06-000004.txt : 20060606
<SEC-HEADER>0000019475-06-000004.hdr.sgml : 20060606
<ACCEPTANCE-DATETIME>20060606165615
ACCESSION NUMBER:		0000019475-06-000004
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20060601
FILED AS OF DATE:		20060606
DATE AS OF CHANGE:		20060606

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LIBERTY ALL STAR EQUITY FUND
		CENTRAL INDEX KEY:			0000799195
		IRS NUMBER:				042935840
		STATE OF INCORPORATION:			MA
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		FEDERAL RESERVE PLZ
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02210
		BUSINESS PHONE:		6177226000

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Scott David B
		CENTRAL INDEX KEY:			0001365217

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-04809
		FILM NUMBER:		06889729

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		434-293-9104

	MAIL ADDRESS:	
		STREET 1:		300 PRESTON AVE STE 403
		CITY:			CHARLOTTESVILLE
		STATE:			VA
		ZIP:			22902-5091

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Lazorishak Brian J
		CENTRAL INDEX KEY:			0001365220

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-04809
		FILM NUMBER:		06889728

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		434-293-9104

	MAIL ADDRESS:	
		STREET 1:		300 PRESTON AVE STE 403
		CITY:			CHARLOTTESVILLE
		STATE:			VA
		ZIP:			22902-5091

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Chase Derwood S Jr
		CENTRAL INDEX KEY:			0001365230

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-04809
		FILM NUMBER:		06889730

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		434-293-9104

	MAIL ADDRESS:	
		STREET 1:		300 PRESTON AVE STE 403
		CITY:			CHARLOTTESVILLE
		STATE:			VA
		ZIP:			22902-5091

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CHASE INVESTMENT COUNSEL CORP
		CENTRAL INDEX KEY:			0000019475
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-04809
		FILM NUMBER:		06889731

	BUSINESS ADDRESS:	
		STREET 1:		CITIZENS COMMONWEALTH CTR STE 403
		STREET 2:		300 PRESTON AVE
		CITY:			CHARLOTTESVILLE
		STATE:			VA
		ZIP:			22901
		BUSINESS PHONE:		4342939104

	MAIL ADDRESS:	
		STREET 1:		300 PRESTON AVENUE SUITE 403
		CITY:			CHARLOTTESVILLE
		STATE:			VA
		ZIP:			22902-5091

	FORMER NAME:	
		FORMER CONFORMED NAME:	CHASE DERWOOD S JR INVESTMENT COUNSEL
		DATE OF NAME CHANGE:	19820223

	FORMER NAME:	
		FORMER CONFORMED NAME:	CHASE DERWOOD S JR
		DATE OF NAME CHANGE:	19671027

	FORMER NAME:	
		FORMER CONFORMED NAME:	CHASE DERWOOD S JR INVESTMENT COUNSEL IN
		DATE OF NAME CHANGE:	19660501
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>primary_doc.xml
<DESCRIPTION>PRIMARY DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2006-06-01</periodOfReport>

    <noSecuritiesOwned>1</noSecuritiesOwned>

    <issuer>
        <issuerCik>0000799195</issuerCik>
        <issuerName>LIBERTY ALL STAR EQUITY FUND</issuerName>
        <issuerTradingSymbol>USA</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000019475</rptOwnerCik>
            <rptOwnerName>CHASE INVESTMENT COUNSEL CORP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>300 PRESTON AVENUE SUITE 403</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>CHARLOTTESVILLE</rptOwnerCity>
            <rptOwnerState>VA</rptOwnerState>
            <rptOwnerZipCode>22902-5091</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>Investment Adviser to Issuer</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001365230</rptOwnerCik>
            <rptOwnerName>Chase Derwood S Jr</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>300 PRESTON AVE STE 403</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>CHARLOTTESVILLE</rptOwnerCity>
            <rptOwnerState>VA</rptOwnerState>
            <rptOwnerZipCode>22902-5091</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>Pres. of Investment Adviser</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001365217</rptOwnerCik>
            <rptOwnerName>Scott David B</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>300 PRESTON AVE STE 403</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>CHARLOTTESVILLE</rptOwnerCity>
            <rptOwnerState>VA</rptOwnerState>
            <rptOwnerZipCode>22902-5091</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>Sr. VP of Investment Adviser</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001365220</rptOwnerCik>
            <rptOwnerName>Lazorishak Brian J</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>300 PRESTON AVE STE 403</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>CHARLOTTESVILLE</rptOwnerCity>
            <rptOwnerState>VA</rptOwnerState>
            <rptOwnerZipCode>22902-5091</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>VP of Investment Adviser</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <ownerSignature>
        <signatureName>/s/ Derwood S. Chase, Jr., President, Chase Investment Counsel Corporation</signatureName>
        <signatureDate>2006-06-06</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Derwood S. Chase, Jr., President, Chase Investment Counsel Corporation</signatureName>
        <signatureDate>2006-06-06</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ David B. Scott, Senior Vice President, Chase Investment Counsel Corporation</signatureName>
        <signatureDate>2006-06-06</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>/s/ Brian J. Lazorishak, Vice President, Chase Investment Counsel Corporation</signatureName>
        <signatureDate>2006-06-06</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
