<SEC-DOCUMENT>0001049169-17-000072.txt : 20170227
<SEC-HEADER>0001049169-17-000072.hdr.sgml : 20170227
<ACCEPTANCE-DATETIME>20170227144243
ACCESSION NUMBER:		0001049169-17-000072
CONFORMED SUBMISSION TYPE:	NSAR-B
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20161231
FILED AS OF DATE:		20170227
DATE AS OF CHANGE:		20170227
EFFECTIVENESS DATE:		20170227

FILER:

	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

	FILING VALUES:
		FORM TYPE:		NSAR-B
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-04809
		FILM NUMBER:		17641150

	BUSINESS ADDRESS:	
		STREET 1:		C/O ALPS FUND SERVICES, INC.
		STREET 2:		P.O. BOX 328
		CITY:			DENVER
		STATE:			CO
		ZIP:			80201-0328
		BUSINESS PHONE:		303.623.2577

	MAIL ADDRESS:	
		STREET 1:		C/O ALPS FUND SERVICES, INC.
		STREET 2:		P.O. BOX 328
		CITY:			DENVER
		STATE:			CO
		ZIP:			80201-0328
</SEC-HEADER>
<DOCUMENT>
<TYPE>NSAR-B
<SEQUENCE>1
<FILENAME>libertyall-starequityfundbfi.fil
<TEXT>
<PAGE>      PAGE  1
000 B000000 12/31/2016
000 C000000 0000799195
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 LIBERTY ALL STAR EQUITY FUND
001 B000000 811-4809
001 C000000 3036232577
002 A000000 1290 BROADWAY, STE.1100
002 B000000 DENVER
002 C000000 CO
002 D010000 80203
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
008 A000001 ALPS ADVISORS, INC.
008 B000001 A
008 C000001 801-67135
008 D010001 DENVER
008 D020001 CO
008 D030001 80203
008 A000002 PZENA INVESTMENT MANAGEMENT LLC
008 B000002 S
008 C000002 801-50838
008 D010002 NEW YORK
008 D020002 NY
008 D030002 10036
008 A000003 ARISTOTLE CAPITAL MANAGEMENT LLC
008 B000003 S
008 C000003 801-60014
008 D010003 LOS ANGELES
008 D020003 CA
008 D030003 90025
008 A000004 DELAWARE INVESTMENTS
008 B000004 S
008 C000004 801-32108
008 D010004 PHILADELPHIA
008 D020004 PA
008 D030004 19103
008 A000005 TCW INVESTMENT MANAGEMENT, CO.
008 B000005 S
008 C000005 801-7380
008 D010005 LOS ANGELES
008 D020005 CA
<PAGE>      PAGE  2
008 D030005 90017
008 A000006 SUSTAINABLE GROWTH ADVISERS, LP
008 B000006 S
008 C000006 801-62151
008 D010006 STAMFORD
008 D020006 CT
008 D030006 06901
010 A000001 ALPS FUND SERVICES, INC.
010 B000001 84-5730
010 C010001 DENVER
010 C020001 CO
010 C030001 80203
012 A000001 COMPUTERSHARE
012 B000001 84-9999
012 C010001 COLLEGE STATION
012 C020001 TX
012 C030001 77842
013 A000001 DELOITTE & TOUCHE LLP
013 B010001 DENVER
013 B020001 CO
013 B030001 80202
014 A000001 ALPS PORTFOLIO SOLUTIONS DISTRIBUTOR, INC.
014 B000001 8-67659
014 A000002 ALPS DISTRIBUTORS, INC.
014 B000002 8-34626
015 A000001 STATE STREET CORPORATION
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02111
015 E010001 X
018  000000 Y
019 A000000 Y
019 B000000    2
019 C000000 ALLSTARFND
020 A000001 BNY CONVERGEX EXECUTION SOLUTIONS LLC
020 B000001 13-3989198
020 C000001     240
020 A000002 JP MORGAN CHASE & CO.
020 B000002 13-2624428
020 C000002      42
020 A000003 MORGAN STANLEY & CO., INC.
020 B000003 13-2655998
020 C000003      38
020 A000004 GOLDMAN SACHS & CO.
020 B000004 13-5108880
020 C000004      36
020 A000005 CREDIT SUISSE SECURITIES (USA) LLC
020 B000005 05-0546650
020 C000005      24
020 A000006 CITIGROUP GLOBAL MARKETS, INC.
<PAGE>      PAGE  3
020 B000006 11-2418191
020 C000006      23
020 A000007 SANFORD C. BERNSTEIN & CO., LLC
020 B000007 12-4132953
020 C000007      21
020 A000008 MERRILL LYNCH & CO., INC.
020 B000008 13-2740599
020 C000008      20
020 A000009 WFG INVESTMENTS, INC.
020 B000009 75-2237860
020 C000009      19
020 A000010 BARCLAYS CAPITAL, INC.
020 B000010 06-1031656
020 C000010      16
021  000000       637
022 A000001 CITIGROUP GLOBAL MARKETS, INC.
022 B000001 11-2418191
022 C000001        456
022 D000001          0
023 C000000         456
023 D000000           0
024  000000 Y
025 A000001 JP MORGAN CHASE & CO.
025 B000001 13-2624428
025 C000001 E
025 D000001    11461
025 A000002 MORGAN STANLEY & CO, INC.
025 B000002 13-2655998
025 C000002 E
025 D000002     8970
025 A000003 GOLDMAN SACHS & CO.
025 B000003 13-5108880
025 C000003 E
025 D000003     8842
025 A000004 UBS SECURITIES LLC
025 B000004 13-3873456
025 C000004 E
025 D000004     5102
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 Y
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 N
045  000000 Y
046  000000 Y
047  000000 Y
<PAGE>      PAGE  4
048  000000  0.000
048 A010000    400000
048 A020000 0.800
048 B010000    400000
048 B020000 0.720
048 C010000    400000
048 C020000 0.648
048 D010000         0
048 D020000 0.000
048 E010000         0
048 E020000 0.000
048 F010000         0
048 F020000 0.000
048 G010000         0
048 G020000 0.000
048 H010000         0
048 H020000 0.000
048 I010000         0
048 I020000 0.000
048 J010000         0
048 J020000 0.000
048 K010000   1200000
048 K020000 0.584
049  000000 N
050  000000 N
051  000000 N
052  000000 N
053 A000000 N
054 A000000 Y
054 B000000 N
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056  000000 N
057  000000 N
058 A000000 N
059  000000 Y
060 A000000 Y
060 B000000 Y
<PAGE>      PAGE  5
061  000000         0
062 A000000 N
062 B000000   0.0
062 C000000   0.0
062 D000000   0.0
062 E000000   0.0
062 F000000   0.0
062 G000000   0.0
062 H000000   0.0
062 I000000   0.0
062 J000000   0.0
062 K000000   0.0
062 L000000   0.0
062 M000000   0.0
062 N000000   0.0
062 O000000   0.0
062 P000000   0.0
062 Q000000   0.0
062 R000000   0.0
066 A000000 Y
066 B000000 N
066 C000000 Y
066 D000000 N
066 E000000 N
066 F000000 N
066 G000000 N
067  000000 N
068 A000000 N
068 B000000 N
069  000000 N
070 A010000 Y
070 A020000 Y
070 B010000 Y
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
<PAGE>      PAGE  6
070 K020000 Y
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 Y
070 N010000 Y
070 N020000 Y
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 Y
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000     500370
071 B000000     565508
071 C000000    1096048
071 D000000   46
072 A000000 12
072 B000000         1
072 C000000     19799
072 D000000         0
072 E000000       424
072 F000000      8056
072 G000000      2014
072 H000000         0
072 I000000       108
072 J000000        96
072 K000000         0
072 L000000       100
072 M000000       193
072 N000000       183
072 O000000         0
072 P000000         0
072 Q000000       199
072 R000000        48
072 S000000       468
072 T000000         0
072 U000000         0
072 V000000         0
072 W000000       406
072 X000000     11871
072 Y000000         0
072 Z000000      8353
072AA000000     77633
072BB000000         0
072CC010000       987
072CC020000         0
072DD010000      8328
072DD020000         0
<PAGE>      PAGE  7
072EE000000     71262
073 A010000    0.0448
073 A020000    0.0000
073 B000000    0.3829
073 C000000    0.0524
074 A000000        11
074 B000000         0
074 C000000         0
074 D000000         0
074 E000000         0
074 F000000   1129693
074 G000000         0
074 H000000         0
074 I000000     53878
074 J000000     24900
074 K000000         0
074 L000000      1412
074 M000000         2
074 N000000   1209896
074 O000000     22741
074 P000000       899
074 Q000000         0
074 R010000         0
074 R020000         0
074 R030000         0
074 R040000     25266
074 S000000         0
074 T000000   1160990
074 U010000    189440
074 U020000         0
074 V010000      6.13
074 V020000      0.00
074 W000000    0.0000
074 X000000      3175
074 Y000000         0
075 A000000         0
075 B000000   1110402
076  000000      5.16
077 A000000 Y
077 B000000 Y
077 C000000 Y
077 Q020000 Y
078  000000 N
080 A000000 ST. PAUL FIRE & MARINE INSURANCE COMPANY
080 C000000      2000
081 A000000 Y
081 B000000    1
082 A000000 N
082 B000000         0
083 A000000 N
083 B000000         0
<PAGE>      PAGE  8
084 A000000 N
084 B000000         0
085 A000000 Y
085 B000000 N
086 A010000    2598
086 A020000   13460
086 B010000       0
086 B020000       0
086 C010000       0
086 C020000       0
086 D010000       0
086 D020000       0
086 E010000       0
086 E020000       0
086 F010000       0
086 F020000       0
087 A010000 LIBERTY ALL STAR EQUITY FUND
087 A020000 530158104
087 A030000 USA
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE   Kim Storms
TITLE       Treasurer

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77C VOTES
<SEQUENCE>2
<FILENAME>exhibit77cliberty2016shareho.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE>exhibit77cliberty2016shareho.htm - Generated by SEC Publisher for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">


<!--$$/page=-->
<A name="page_1"></A><BR>

<P style="text-align: left;">
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Item 77C: Submission of Matters to a Vote of Security Holders</FONT></B></P>
<P style="text-align: left;">
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Shareholder Meeting Results</FONT></B></P>
<P style="text-align: left;">
<FONT size=2 face="Times New Roman,Times New Roman,Times,serif">On August 25, 2016, the Annual Meeting of Shareholders of the Fund was held to elect two Trustees and to approve a new Portfolio Management Agreement with Sustainable Growth Advisers, LP (&#147;Sustainable&#148;). On June 13, 2016, the record date for the meeting, the Fund had outstanding 186,840,852 shares of beneficial interest. The votes cast at the meeting were as follows:</FONT></P>
<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=54%></TD>
     <TD width=27%></TD>
     <TD width=18%></TD></TR>
<TR valign="bottom">
	<TD align=left>
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Proposal 1 &#150; Proposal to elect two Trustees:</FONT></B></TD>
	<TD align=left>
&nbsp;</TD>
	<TD align=left>
&nbsp;</TD>
</TR>
<TR valign="bottom">
	<TD align=left style="border-bottom:3px double #000000;">
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Nominee</FONT></B></TD>
	<TD align=center style="border-bottom:3px double #000000;">
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">For</FONT></B></TD>
	<TD align=left style="border-bottom:3px double #000000;">
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Against/Withheld</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD bgcolor="#dcdcdc" align=left style="border-bottom:3px double #000000;" style="TEXT-INDENT:9.000000pt">
<FONT size=2 face="Times New Roman,Times New Roman,Times,serif">John J. Neuhauser</FONT></TD>
	<TD bgcolor="#dcdcdc" align=center style="border-bottom:3px double #000000;">
<FONT size=2 face="Times New Roman,Times New Roman,Times,serif">123,495,201.599</FONT></TD>
	<TD bgcolor="#dcdcdc" align=left style="border-bottom:3px double #000000;" style="TEXT-INDENT:15.239319pt">
<FONT size=2 face="Times New Roman,Times New Roman,Times,serif">7,911,834.436</FONT></TD>
</TR>
<TR valign="bottom">
	<TD align=left style="border-bottom:1px solid #000000;" style="TEXT-INDENT:9.000000pt">
<FONT size=2 face="Times New Roman,Times New Roman,Times,serif">Richard C. Rantzow</FONT></TD>
	<TD align=center style="border-bottom:1px solid #000000;">
<FONT size=2 face="Times New Roman,Times New Roman,Times,serif">123,717,182.599</FONT></TD>
	<TD align=left style="border-bottom:1px solid #000000;" style="TEXT-INDENT:15.359314pt">
<FONT size=2 face="Times New Roman,Times New Roman,Times,serif">7,689,853.436</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>
<P style="text-align: left;">
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Proposal 3 - To approve a new Portfolio Management Agreement with Sustainable:</FONT></B></P>
<DIV align="left">
<TABLE border=0 cellspacing=0>
<TR>
     <TD width=20%></TD>
     <TD width=29%></TD>
     <TD width=24%></TD>
     <TD width=24%></TD></TR>
<TR valign="bottom">
	<TD align=center style="border-bottom:3px double #000000;">
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">For</FONT></B></TD>
	<TD align=center style="border-bottom:3px double #000000;">
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Against/Withheld</FONT></B></TD>
	<TD align=center style="border-bottom:3px double #000000;">
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Abstain</FONT></B></TD>
	<TD align=center style="border-bottom:3px double #000000;">
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">Broker Non-Votes</FONT></B></TD>
</TR>
<TR valign="bottom">
	<TD bgcolor="#dcdcdc" align=center style="border-bottom:1px solid #000000;">
<FONT size=2 face="Times New Roman,Times New Roman,Times,serif">91,244,448.561</FONT></TD>
	<TD bgcolor="#dcdcdc" align=center style="border-bottom:1px solid #000000;">
<FONT size=2 face="Times New Roman,Times New Roman,Times,serif">7,034,630.085</FONT></TD>
	<TD bgcolor="#dcdcdc" align=center style="border-bottom:1px solid #000000;">
<FONT size=2 face="Times New Roman,Times New Roman,Times,serif">2,182,124.489</FONT></TD>
	<TD bgcolor="#dcdcdc" align=center style="border-bottom:1px solid #000000;">
<FONT size=2 face="Times New Roman,Times New Roman,Times,serif">30,945,832.900</FONT></TD>
</TR>
</TABLE>
</DIV>
<P style="MARGIN:0px">&nbsp;</P>


</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77B ACCT LTTR
<SEQUENCE>3
<FILENAME>item77busaauditorletter2016.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE>item77busaauditorletter2016.htm - Generated by SEC Publisher for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">


<!--$$/page=-->
<A name="page_1"></A><BR>

<P style="text-align: left;">
<B><FONT size=2 face="TimesNewRomanPS-BoldMT,Times New Roman,Times,serif">REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</FONT></B></P>
<P style="text-align: left;">
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">To the Shareholders and Board of Directors of Liberty All-Star&#174; Equity Fund:</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">In planning and performing our audits of the financial statements of Liberty All-Star</FONT><SUP><FONT size=2 face="Arial,Arial,Helvetica,sans-serif">&#174; </FONT></SUP><FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Equity Fund (the &#147;Fund&#148;), as of and for the year ended December 31, 2016, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Fund's internal control over financial reporting, including control over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, but not for the purpose of expressing an opinion on the effectiveness of the Fund&#146;s internal control over financial reporting. Accordingly, we express no such opinion.</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company's internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles. A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of a company's assets that could have a material effect on the financial statements.</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the company's annual or interim financial statements will not be prevented or detected on a timely basis.</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Our consideration of the Fund&#146;s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Fund&#146;s internal control over financial reporting and its operation, including controls for safeguarding securities, that we consider to be a material weakness, as defined above, as of December 31, 2016.</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">This report is intended solely for the information and use of management and the Board of Directors of Liberty All-Star&#174; Equity Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.</FONT></P>
<P style="text-align: left;">
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">/s/DELOITTE &amp; TOUCHE LLP</FONT><BR>
<BR>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">Denver, Colorado</FONT><BR>
<FONT size=2 face="Arial,Arial,Helvetica,sans-serif">February 16, 2017</FONT></P>


</BODY>

</HTML>

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77Q2 ITEM 405
<SEQUENCE>4
<FILENAME>usa-exhibit77q2section16fili.htm
<TEXT>

<HTML>
<HEAD>
   <TITLE>usa-exhibit77q2section16fili.htm - Generated by SEC Publisher for SEC Filing</TITLE>
</HEAD>

<BODY bgcolor="#ffffff">


<!--$$/page=-->
<A name="page_1"></A><BR>

<P style="text-align: left;">
<FONT size=3 face="Calibri,Arial,Helvetica,sans-serif">Exhibit 77Q.2 &#150; Liberty All Star Equity Fund</FONT></P>
<P style="text-align: left;">
<B><FONT size=3 face="Calibri-Bold,Arial,Helvetica,sans-serif">Section 16(a) Beneficial Ownership Reporting Compliance</FONT></B></P>
<P style="text-align: left;">
<FONT size=3 face="Calibri,Arial,Helvetica,sans-serif">Section 16(a) of the 1934 Act and Section 30(h) of the 1940 Act, and the rules thereunder, require the Liberty All Star Equity Fund&#146;s (the &#147;Fund&#148;) officers and Trustees, officers and directors of the investment adviser, affiliated persons of the investment adviser, and persons who beneficially own more than 10% of a registered class of the Fund&#146;s Common Shares (the &#147;Reporting Persons&#148;) to file reports of ownership and changes in ownership with the Securities and Exchange Commission (&#147;SEC&#148;) and the New York Stock Exchange and to furnish the Fund with copies of all Section 16(a) forms they file. Based solely on a review of the reports filed with the SEC and upon representations that no applicable Section 16(a) forms were required to be filed, the Fund believes that as of the Fund&#146;s fiscal year end on December 31, 2016, all Section 16(a) filing requirements applicable to the Fund&#146;s officers, Trustees and greater than 10% beneficial owners were complied with; with the exception of a statement of initial beneficial ownership on Form 3 for Abigail J. Murray, Assistant Secretary of the Fund, that was not filed within 10 days following the day on which she became a reporting person due to an administrative error. Ms. Murray did not own any Fund shares reportable on Form 3.</FONT></P>


</BODY>

</HTML>

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
