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<SEC-DOCUMENT>0000786035-10-000027.txt : 20100504
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<ACCEPTANCE-DATETIME>20100504171137
ACCESSION NUMBER:		0000786035-10-000027
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20100504
DATE AS OF CHANGE:		20100504
EFFECTIVENESS DATE:		20100504

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LIBERTY ALL STAR GROWTH FUND INC.
		CENTRAL INDEX KEY:			0000786035
		IRS NUMBER:				521452208
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-04537
		FILM NUMBER:		10798046

	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
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<TYPE>DEFA14A
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<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="haleym">
<META NAME="date" CONTENT="05/04/2010">
</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="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" align=center><BR></P>
<P style="line-height:normal; margin:0px; font-family:Arial; font-size:16pt" align=center><B>Liberty All-Star</B><FONT style="font-family:Arial (W1); font-size:14pt"><B><SUP>&#174;</SUP></FONT> Growth Fund, Inc. Adjourns Annual Meeting of Shareholders</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="line-height:20pt; margin:0px; font-size:12pt">BOSTON, May 4, 2010 &#150; Liberty All-Star Growth Fund, Inc. (the &#147;Fund&#148;) (NYSE: ASG) announced that the Annual Meeting of Shareholders was held and adjourned with respect to Proposal 4 to approve a Portfolio Management Agreement between the Fund, ALPS Advisors, Inc. and Mazama Capital Management, Inc. (&#147;Mazama&#148;)<B>.</B> &nbsp;With respect to the Portfolio Management Agreement proposal as described in the proxy statement, the Fund will continue to solicit votes <B>FOR</B> the proposal so that Mazama can continue to manage a portion of the Fund&#146;s assets.</P>
<P style="margin:0px"><BR></P>
<P style="line-height:20pt; margin:0px; font-size:12pt">To avoid additional solicitation costs to the Fund, shareholders are strongly encouraged to vote. &nbsp;Shareholders of record as of February 12, 2010 who have not yet voted or need a new proxy card may contact the Fund&#146;s solicitor, the Altman Group, at 1-800-499-7619. &nbsp;An electronic copy of the proxy materials and the Fund&#146;s annual report are available at www.all-starfunds.com.</P>
<P style="margin:0px"><BR></P>
<P style="line-height:20pt; 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 $132 million in net assets. The Fund&#146;s shares are listed on the New York Stock Exchange under the symbol ASG.</P>
<P style="margin:0px"><BR></P>
<P style="line-height:20pt; margin:0px; 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="line-height:20pt; margin:0px; font-size:12pt" align=center>###<BR>
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<P style="margin:0px" align=center><BR>
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