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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 QwwK6ZUsypHfUVLoi+M4J1dkyZtjjvFVJh+aa3ebnGj9711uL64d9xijCEsKGllS
 D7OEEJ5YjumRH0sX8bX4fQ==

<SEC-DOCUMENT>0000799195-06-000001.txt : 20061222
<SEC-HEADER>0000799195-06-000001.hdr.sgml : 20061222
<ACCEPTANCE-DATETIME>20061222151511
ACCESSION NUMBER:		0000799195-06-000001
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20061211
FILED AS OF DATE:		20061222
DATE AS OF CHANGE:		20061222

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:			Rantzow Richard Carl
		CENTRAL INDEX KEY:			0001298812

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-04809
		FILM NUMBER:		061296860

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		(830) 598-6146

	MAIL ADDRESS:	
		STREET 1:		503 SILVER SPUR
		CITY:			HORSESHOE BAY
		STATE:			TX
		ZIP:			78657
</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>2006-12-11</periodOfReport>

    <noSecuritiesOwned>1</noSecuritiesOwned>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001298812</rptOwnerCik>
            <rptOwnerName>Rantzow Richard Carl</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>503 SILVER SPUR</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>HORSESHOE BAY</rptOwnerCity>
            <rptOwnerState>TX</rptOwnerState>
            <rptOwnerZipCode>78657</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <ownerSignature>
        <signatureName>/s/Richard Clark Rantzow</signatureName>
        <signatureDate>2006-12-22</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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