Below is the April 2008 Monthly Update for the Liberty All-Star® Equity Fund. (
April 2008 Monthly Update Premium / Performance NAV Market Price (Discount) ----------- --- ------------ ---------- Beginning of month value $7.06 $6.39 (9.5%) Distributions - - End of month value $7.45 $6.74 (9.5%) Performance for month 5.5% 5.5% Performance year-to-date (5.2%) (1.6%) For daily data visit the Fund's website at www.all-starfunds.com or call 1-800-241-1850. The Fund's daily NAV is also available by using the symbol XUSAX. Past performance cannot predict future results. --------------------------------------------------------------------------- Net Assets at Month-End ($millions) ----------------------------------- Total $1,330.6 Equities $1,278.0 Preferred Stocks & Convertible Bonds $7.2 Percent Invested 96.6% --------------------------------------------------------------------------- Top 20 Holdings at Month-End (28.6% of portfolio) ------------------------------------------------- (Rank from previous month) 1 Wal-Mart Stores, Inc. (1) 2.3% 11 Morgan Stanley (13) 1.4% 2 Freddie Mac (2) 2.0% 12 Schlumberger Ltd. (8) 1.3% 3 Citigroup, Inc. (6) 1.8% 13 Dell, Inc. (11) 1.3% 4 Arch Coal, Inc. (10) 1.6% 14 Consol Energy, Inc. (22) 1.3% 5 Fannie Mae (5) 1.5% 15 Google, Inc., Class A (17) 1.2% 6 Annaly Capital 1.4% 16 Bank of America Corp. (15) 1.2% Management, Inc. (12) 17 Amazon.com, Inc. (19) 1.2% 7 Devon Energy Corp. (7) 1.4% 18 QUALCOMM, Inc. (18) 1.2% 8 Johnson & Johnson (9) 1.4% 19 JPMorgan Chase & Co. (23) 1.2% 9 Genzyme Corp. (4) 1.4% 20 Navistar International 1.1% 10 General Electric Co. (3) 1.4% Corp. (20) Holdings are subject to change --------------------------------------------------------------------------- Sector Breakdown (% of portfolio) * New Holdings --------------------------------- ------------ Financials 23.0% Accenture Ltd., Class A Information Technology 18.8% Akamai Technologies, Inc. Health Care 13.3% China Mobile Ltd. Consumer Discretionary 12.3% Corning, Inc. Industrials 10.9% Costco Wholesale Corp. Energy 10.2% Kohl's Corp. Consumer Staples 6.7% Procter & Gamble Co. Materials 1.7% Southwest Airlines Co. Utilities 1.8% Sovereign Bancorp, Inc. Telecommunication 1.3% Services ------ 100.0% Holdings Liquidated ------------------- Best Buy Co., Inc. Honeywell International, Inc. Legg Mason, Inc. PepsiCo, Inc. SanDisk Corp. Schering-Plough Corp. Smithfield Foods, Inc. Sprint Nextel Corp. State Street Corp. United Technologies Corp. * Based on Standard & Poor's and MSCI Barra Global Industry Classification Standard (GICS). The Liberty All-Star Equity Fund is a closed-end fund and does not continuously offer shares.
Contact Information: For Information Contact: Liberty All-Star® Equity Fund 1-800-241-1850 www.all-starfunds.com