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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0000786035-10-000013.txt : 20100422
<SEC-HEADER>0000786035-10-000013.hdr.sgml : 20100422
<ACCEPTANCE-DATETIME>20100422164652
ACCESSION NUMBER:		0000786035-10-000013
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		2
FILED AS OF DATE:		20100422
DATE AS OF CHANGE:		20100422
EFFECTIVENESS DATE:		20100422

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LIBERTY ALL STAR GROWTH FUND INC.
		CENTRAL INDEX KEY:			0000786035
		IRS NUMBER:				521542208
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-04537
		FILM NUMBER:		10764934

	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

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	LIBERTY ALL STAR GROWTH FUND INC /MD/
		DATE OF NAME CHANGE:	19960612

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ALLMON CHARLES TRUST INC
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GROWTH STOCK OUTLOOK TRUST INC
		DATE OF NAME CHANGE:	19910807
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>lasg1cov.htm
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>SCHEDULE 14A INFORMATION</TITLE>
<META NAME="author" CONTENT="Stephanie Barres">
<META NAME="date" CONTENT="04/22/2010">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:624px"><P style="line-height:14pt; margin:0px; font-size:12pt" align=center>UNITED STATES</P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=center>SECRUITIES AND EXCHANGE COMMISSION</P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=center>Washington, D.C. 20549</P>
<P style="margin:0px" align=center><BR></P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=center><B>SCHEDULE 14A &nbsp;</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=center>Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934</P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=center>(Amendment No.___)</P>
<P style="margin:0px" align=justify><BR></P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=justify>Filed by Registrant [X]</P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=justify>Filed by a Party other than the Registrant [ &nbsp;]</P>
<P style="margin:0px" align=justify><BR></P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=justify>Check the appropriate box:</P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=justify>[ &nbsp;&nbsp;] Preliminary Proxy Statement</P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=justify>[ &nbsp;&nbsp;] Confidential, for Use of the Commission Only (as permitted by Rule14a-6(e)(2))</P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=justify>[ &nbsp;&nbsp;] Definitive Proxy Statement</P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=justify>[X] Definitive Additional Materials</P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=justify>[ &nbsp;&nbsp;] Soliciting Material Pursuant to Sec. 240.14a-12</P>
<P style="margin:0px" align=justify><BR></P>
<P style="margin:0px"><BR></P>
<P style="line-height:14pt; margin:0px; padding-bottom:4px; font-size:12pt; border-bottom:1px solid #000000" align=center>LIBERTY ALL-STAR GROWTH FUND, INC.</P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=center>(name of Registrant as Specified in its Charter)</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="line-height:14pt; margin:0px; padding-bottom:4px; font-size:12pt; border-bottom:1px solid #000000" align=center>ALPS FUND SERVICES, INC.</P>
<P style="line-height:14pt; margin:0px; padding-bottom:4px; font-size:12pt; border-bottom:1px solid #000000" align=center>Attn: &nbsp;Tane Tyler</P>
<P style="line-height:14pt; margin:0px; padding-bottom:4px; font-size:12pt; border-bottom:1px solid #000000" align=center>1290 Broadway, Suite 1100</P>
<P style="line-height:14pt; margin:0px; padding-bottom:4px; font-size:12pt; border-bottom:1px solid #000000" align=center>Denver, Colorado 80203</P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=center>(Name of Person(s) Filing Proxy Statement, if other than the Registrant)</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=justify>Payment of Filing Fee (Check the appropriate box):</P>
<P style="margin:0px" align=justify><BR></P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=justify>[X] &nbsp;No fee required</P>
<P style="margin:0px" align=justify><BR></P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=justify>[ &nbsp;&nbsp;] &nbsp;Fee computed on table below per Exchange Act Rules &nbsp;14a-6(i)(1) and 0-11.</P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1) Title of each class of securities to which transaction applies:</P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2) &nbsp;Aggregate number of securities to which transaction applies:</P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3) &nbsp;Per unit price or other underlying value of transaction computed pursuant to Exchange </P>
<P style="line-height:14pt; margin:0px; text-indent:48px; font-size:12pt" align=justify>Act Rule 0-11(set forth the amount on which the filing fee is calculated and state how it </P>
<P style="line-height:14pt; margin:0px; text-indent:48px; font-size:12pt" align=justify>was determined):</P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4) &nbsp;Proposed maximum aggregate value of transaction:</P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5) &nbsp;Total fee paid:</P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=justify>[ &nbsp;&nbsp;] &nbsp;Fee paid previously with preliminary materials.</P>
<P style="line-height:14pt; margin:0px; padding-left:48px; text-indent:-48px; font-size:12pt" align=justify>[ &nbsp;&nbsp;] &nbsp;Check box if any part of the fee is offset as provided by Exchange &nbsp;Act Rule 0-11(a)(2) and </P>
<P style="line-height:14pt; margin:0px; padding-left:48px; font-size:12pt" align=justify>identify the filing for which the offsetting fee was paid previously. &nbsp;Identify the previous filing by registration statement number, or the Form or Schedule and the date of its filing.</P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1) Amount Previously Paid:</P>
<P style="line-height:14pt; margin:0px; font-size:12pt" align=justify>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2) Form, Schedule or Registration Statement No.:</P>
<P style="line-height:14pt; margin:0px; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3) Filing Party:</P>
<P style="line-height:14pt; margin:0px; font-size:12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4) Date Filed:</P>
<P style="margin:0px"><BR>
<BR></P>
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-1
<SEQUENCE>2
<FILENAME>lasg14fi.htm
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Leading Independent Proxy Advisor Recommends that Liberty All-Star Growth Fund Shareholders Vote &#8220;FOR management&#8217;s nominees amd FOR management&#8217;s sub-advisory proposal&#8221;</TITLE>
<META NAME="author" CONTENT="GONZALJR">
<META NAME="date" CONTENT="04/22/2010">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:576px"><P style="line-height:17.6pt; margin:0px; padding-left:288px; text-indent:48px; font-family:Helv; font-size:15.6pt"><B><I>NEWS RELEASE</I></B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; font-size:12pt"><I>For Information Contact:</I></P>
<P style="line-height:14pt; margin:0px; text-indent:384px; font-size:12pt"><I>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For Immediate Release</I></P>
<P style="line-height:14pt; margin:0px; font-size:12pt">Liberty All-Star Growth Fund, Inc.</P>
<P style="line-height:14pt; margin:0px; font-size:12pt">1-800-241-1850</P>
<P style="line-height:14pt; margin:0px; font-size:12pt">www.all-starfunds.com</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="line-height:16pt; margin:0px; font-size:14pt" align=center><B>Leading Independent Proxy Advisor Recommends that Liberty All-Star</B><FONT style="font-family:Times New Roman Bold"><B><SUP>&#174;</SUP></FONT> Growth Fund Stockholders Vote &#147;FOR&#148; Fund Director Nominees and FOR Portfolio Management Agreement Proposal</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="line-height:14pt; margin:0px; font-size:12pt">BOSTON, April 21, 2010 &#150;Liberty All-Star<SUP>&#174;</SUP> Growth Fund, Inc. (the &#147;Fund&#148;) (NYSE: ASG) announced today that ISS Governance Services (&#147;ISS&#148;), a leading independent proxy advisory firm that is part of RiskMetrics Group, has recommended that Fund stockholders vote &#147;FOR&#148; the Fund&#146;s Director nominees and &#147;FOR&#148; the Fund&#146;s portfolio management agreement proposal. &nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="line-height:14pt; margin:0px; font-size:12pt">ISS recommended that stockholders &#147;Do Not Vote&#148; the dissident proxy from Full Value Partners L.P. (&#147;FVP&#148;). &nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="line-height:14pt; margin:0px; font-size:12pt">In its independent report, ISS points out that: &nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; padding-left:48px; text-indent:-24px; font-family:Symbol; font-size:12pt">&#183;</P>
<P style="line-height:14pt; margin:0px; padding-left:48px; font-size:12pt">&#147;ISS believes that by impairing the Fund&#146;s ability to replace sub-advisers on a timely basis when the board has identified a fundamental need to do so, as FVP is advocating, would impair the board&#146;s ability to continue to deliver less volatile, above average relative long-term results.&#148;</P>
<P style="margin:0px"><BR></P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:-18.667px; padding-left:48px; text-indent:-24px; font-family:Symbol; font-size:12pt">&#183;</P>
<P style="line-height:14pt; margin:0px; padding-left:48px; font-size:12pt">&#147;Furthermore, ISS believes the Fund&#146;s NAV outperformance relative to its peers and the disadvantages to the Fund&#146;s common shareholders associated with converting the Fund to an open-end fund, justify supporting the board&#146;s current nominees and sub-advisory proposal. &nbsp;Additionally, the Fund&#146;s NAV discount over the long-term has remained in line with its peer group.&#148;</P>
<P style="margin:0px"><BR></P>
<P style="line-height:14pt; margin:0px; font-size:12pt">William Parmentier, President of the Fund said, &#147;I am pleased that ISS supports the Boards&#146; recommendations along with our multi-manager process, which has served stockholders well since its implementation back in 1995.&#148;</P>
<P style="margin:0px"><BR></P>
<P style="line-height:14pt; margin:0px; font-size:12pt">The Fund urges its stockholders to vote in accordance with its Board&#146;s recommendations FOR each Director nominee and FOR the new portfolio management agreement with Mazama Capital Management, Inc. by completing the <B><I>WHITE</I> </B>proxy card that they received. &nbsp;Stockholders who have previously signed a GREEN proxy card from FVP are urged to revoke that proxy by signing, dating and mailing the Fund&#146;s <B><I>WHITE</I></B> proxy card. &nbsp;Stockholders who have questions should contact The Altman Group, Inc. toll-free at 1-800-499-7619. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="line-height:14pt; margin:0px; font-size:12pt">Bulldog Investors General Partnership (&#147;BIGP&#148;), a party related to FVP, has filed tender offer materials with the Securities and Exchange Commission relating to a tender offer for a limited number of shares of the Fund. &nbsp;The Fund, however, believes that BIGP has not yet &#147;commenced&#148; (as that term is used in the rules of Securities and Exchange Commission) its tender offer. &nbsp;In order to avoid confusing its stockholders, the Fund currently does not intend to communicate any recommendation regarding the tender offer unless and until the Fund determines that the tender offer has actually been commenced. </P>
<P style="margin:0px"><BR></P>
<P style="line-height:14pt; margin-top:0px; margin-bottom:8px; font-size:12pt">ALPS Advisors, Inc. is the Fund manager of the Liberty All-Star Growth Fund, a multi-managed, closed-end investment company with more than $130 million in net assets. </P>
<P style="margin:0px"><BR></P>
<P style="line-height:14pt; margin:0px; padding-right:-19.2px; font-size:12pt">The Liberty All-Star Growth Fund is a closed-end fund and does not continuously offer shares. &nbsp;The Fund trades in the secondary market; investors wishing to buy or sell shares need to place orders through an intermediary or broker. &nbsp;The share price of a closed-end fund is based on the market&#146;s value. Forward-looking statements are based on information that is available on the date hereof, and neither the Fund manager nor any other person affiliated with the Fund manager has any duty to update any forward-looking statements. &nbsp;Important factors that could affect actual results to differ from these statements include, among other factors, material, negative changes to the asset class and the actual composition of the portfolio. </P>
<P style="margin:0px"><BR></P>
<P style="line-height:14pt; margin:0px; font-size:12pt">This announcement is not a recommendation relating to an offer to purchase or a solicitation of an offer to sell shares of the Fund. &nbsp;If any tender offer is commenced, the Fund will issue its recommendation statement. &nbsp;Stockholders should read any such recommendation statement when it is available as it will contain important information. &nbsp;Any recommendation statement will be filed with the Securities and Exchange Commission and will be available free of charge at the SEC&#146;s website at http://www.sec.gov and from the Fund. &nbsp;</P>
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