<SEC-DOCUMENT>0001387131-18-005447.txt : 20181015
<SEC-HEADER>0001387131-18-005447.hdr.sgml : 20181015
<ACCEPTANCE-DATETIME>20181015142208
ACCESSION NUMBER:		0001387131-18-005447
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20181015
DATE AS OF CHANGE:		20181015
EFFECTIVENESS DATE:		20181015

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:		497
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	333-226260
		FILM NUMBER:		181121991

	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>497
<SEQUENCE>1
<FILENAME>lasg-497_091718.htm
<DESCRIPTION>DEFINITIVE MATERIALS
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<!-- Field: Rule-Page --><DIV ALIGN="LEFT" STYLE="margin-top: 12pt; margin-bottom: 3pt"><DIV STYLE="font-size: 1pt; border-top: Black 2pt solid; border-bottom: Black 1pt solid; width: 100%">&nbsp;</DIV></DIV><!-- Field: /Rule-Page -->

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<P STYLE="font: 14pt/115% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Rights for 9,205,421 Shares</B></P>

<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 18pt/115% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>LIBERTY ALL-STAR GROWTH FUND, INC.</B></P>

<P STYLE="font: 14pt/115% Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Common Stock</B></P>

<P STYLE="font: 14pt/115% Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: center"><B>Supplement dated October 15,
2018 to Prospectus dated September 17, 2018</B></P>

<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0.5in"><B>Suspension
and Recommencement of Offering.</B> In accordance with an undertaking required by the Securities and Exchange Commission, the Fund
temporarily suspended the Offering as of the close of business on October 11, 2018 because of a greater than 10% decline in net
asset value per Share from the effective date of the Prospectus. On September 17, 2018 the net asset value per Share was
$6.29. At the close of business on October 11, 2018, the net asset value per Share was $5.65, which represents a decline of 10.2%.
The Offer recommenced on October 15, 2018 as of the time of filing this supplement.</P>

<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0.5in"><B>Change in Estimated
Subscription Price.</B> The Fund announced the terms of the Offer on July 20, 2018. The net asset value per Share at the close
of business on July 20, 2018 and on October 11, 2018 was $6.18 and $5.65, respectively, and the last reported sale price on the
New York Stock Exchange on those dates was $6.85 and $6.00, respectively.</P>

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    <TD COLSPAN="2" STYLE="text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-left: Black 1pt solid">Subscription Price (1)</TD>
    <TD STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid; border-left: Black 1pt solid; border-right: Black 1pt solid">Sales Load</TD>
    <TD COLSPAN="3" STYLE="font-weight: bold; text-align: center; border-bottom: Black 1pt solid">Proceeds to Funds (2)</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">&nbsp;</TD><TD STYLE="width: 21%; border-bottom: Black 1pt solid; text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">Per share</FONT></TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: left">$</TD><TD STYLE="width: 21%; border-bottom: Black 1pt solid; text-align: right">5.37</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD>
    <TD STYLE="width: 32%; text-align: center; padding-bottom: 1pt; padding-left: 5.4pt; border-bottom: Black 1pt solid; border-left: Black 1pt solid; border-right: Black 1pt solid">NONE</TD>
    <TD STYLE="width: 1%; border-bottom: Black 1pt solid; text-align: left">$</TD><TD STYLE="width: 21%; border-bottom: Black 1pt solid; text-align: right">5.37</TD><TD STYLE="width: 1%; padding-bottom: 1pt; text-align: left; border-bottom: Black 1pt solid">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD><TD STYLE="padding-bottom: 1pt; text-align: left; vertical-align: bottom"><FONT STYLE="font-family: Times New Roman, Times, Serif">Total</FONT></TD>
    <TD STYLE="padding-bottom: 1pt; text-align: left; border-left: Black 1pt solid">$</TD><TD STYLE="padding-bottom: 1pt; text-align: right">49,433,111</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD>
    <TD STYLE="text-align: center; padding-bottom: 1pt; padding-left: 5.4pt; border-right: Black 1pt solid; border-left: Black 1pt solid">NONE</TD>
    <TD STYLE="text-align: left">$</TD><TD STYLE="padding-bottom: 1pt; text-align: right">49,433,111</TD><TD STYLE="padding-bottom: 1pt; text-align: left">&nbsp;</TD></TR>
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<P STYLE="margin: 0">&nbsp;</P>

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<TD STYLE="width: 0"></TD><TD STYLE="width: 0.5in">(1)</TD><TD STYLE="text-align: left">Estimate based on an assumed Subscription Price of 95% of the net asset value on October 11, 2018
(the &ldquo;Estimated Purchase Price&rdquo;).</TD></TR>                                                       <TR STYLE="vertical-align: top">
<TD>&nbsp;</TD><TD>(2)</TD><TD STYLE="text-align: left">Before deduction of expenses payable by the Fund, estimated at $300,000.</TD></TR>
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<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">All references to the
Estimated Purchase Price in the Prospectus are revised accordingly.</P>

<P STYLE="font: 10pt/normal Times New Roman, Times, Serif; margin: 0; text-align: left"><B>&nbsp;</B></P>

<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0.5in"><B>Subscriptions
Made Prior to Suspension.</B> The temporary suspension of the Offering does not require that Shareholders who previously subscribed
for Shares take any action. Such subscription requests will continue to be processed as submitted. However, these Shareholders
have the right if they choose to cancel their subscription  by written request via U.S. mail. Shareholders who exercised
their subscription rights through securities brokers and wish to cancel should submit their cancellation requests to those brokers
who will then notify the Fund. All other cancellation requests should be mailed to the Subscription Agent at the following address:</P>

<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: left">Computershare Trust Company, N.A.</P>

<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: left">c/o Corporate Actions Voluntary Offer</P>

<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 0 1in; text-align: left">P.O. Box 43011</P>

<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 12pt 1in; text-align: left">Providence, RI 02940-3011</P>

<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0.5in">Subscription
cancellation requests must be received by the close of business on the Expiration Date and must include the following information:
1) Full name of registered Shareholder; 2) telephone contact information for Shareholder; and 3) total number of Shares subscribed
for in Shareholder&rsquo;s Subscription Certificate. In addition, Shareholders required to provide signature guarantees with their
Subscription Certificates also must provide them with their cancellation requests. Any subscription requests that are not properly
revoked will be deemed to be valid and processed accordingly.</P>

<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0 0 12pt; text-align: left; text-indent: 0.5in"><B>Length of Subscription
Period and Other Dates.</B> As of the date of this supplement, as a result of the extension of the rights offering, the following
terms and conditions of the offering also are being revised: the Subscription Period (September 21, 2018 to October 31, 2018),
the Expiration Date (October 31, 2018), and the Pricing Date (November 1, 2018). The Fund reserves the right to extend the Subscription
Period and other related dates as described in the Prospectus.</P>

<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in"><B>No Other Changes.</B>
Except as described in this supplement, the terms of the Offering and all other information the Fund described in the Prospectus
remain unchanged. This includes the Record Date (September 17, 2018), the aggregate number of shares offered (9,205,421) and the
rate (one additional share for each three rights held).</P>

<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">Any questions
related to the Offering or how to cancel a subscription request that was submitted prior to the suspension of the Offering on
October 11, 2018, please contact the Information Agent, Georgeson, at 1-888-206-5896.</P>

<P STYLE="font: 10pt/115% Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">&nbsp;</P>

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