Liberty All-Star(R) Equity Fund June 2008 Monthly Update

BOSTON, MA -- 07/08/08 -- Below is the June 2008 Monthly Update for the Liberty All-Star® Equity Fund. (NYSE: USA) June 2008 Monthly Update Premium / Performance NAV Market Price (Discount) ----------- ----- ------------ ---------- Beginning of month value $7.38 $6.57 (11.0%) Distributions - - End of month value $6.65 $5.87 (11.7%) Performance for month (9.9%) (10.7%) Performance year-to-date (13.2%) (11.7%) For daily data visit the Fund's website at www.all-starfunds.com or call 1-800-241-1850. The Fund's daily NAV is also available by using the symbol XUSAX. Past performance cannot predict future results. Net Assets at Month-End ($millions) ----------------------------------- Total $1,188.5 Equities $1,142.3 Preferred Stocks & Convertible Bonds $5.8 Percent Invested 96.6% Top 20 Holdings at Month-End (27.9% of portfolio)... [read full story]