<PAGE> PAGE 1
000 B000000 12/31/95
000 C000000 0000786035
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 3.0.a
000 J000000 U
001 A000000 LIBERTY ALL-STAR GROWTH FUND
001 B000000 811-4537
001 C000000 6177226000
002 A000000 600 ATLANTIC AVENUE
002 B000000 BOSTON
002 C000000 MA
002 D010000 02210
002 D020000 2214
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 N
007 B000000 0
007 C010100 1
007 C010200 2
007 C010300 3
007 C010400 4
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
008 A000001 LIBERTY ASSET MANAGEMENT CO
008 B000001 A
008 C000001 801-26296
008 D010001 BOSTON
008 D020001 MA
008 D030001 02210
008 D040001 2214
008 A000002 GROWTH STOCK OUTLOOK, INC
008 B000002 S
008 C000002 801-05336
008 D010002 BEHTESDA
008 D020002 MA
008 D030002 20814
010 A000001 LAMCO
010 B000001 801-26296
010 C010001 BOSTON
010 C020001 MA
010 C030001 02210
<PAGE> PAGE 2
010 C040001 2214
012 A000001 STATE STREET BANK AND TRUST CO
012 B000001 84-1867445
012 C010001 BOSTON
012 C020001 MA
012 C030001 02105
013 A000001 KPMG PEAT MARWICK
013 B010001 BOSTON
013 B020001 MA
013 B030001 02108
014 A000001 LIBERTY SECURITIES CORP
014 B000001 8-30670
014 A000002 KEYPORT FINANCIAL SERVICES CORP
014 B000002 8-24435
015 A000001 STATE STREET BANK AND TRUST CO
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02110
015 E010001 X
018 000000 Y
019 A000000 N
019 B000000 0
020 A000001 MERRILL LYNCH
020 B000001 13-5674085
020 C000001 23
020 A000002 CITATION GROUP
020 C000002 22
020 A000003 DEAN WITTER REYNOLDS
020 B000003 94-1671384
020 C000003 11
020 A000004 INSTINET
020 B000004 13-2596491
020 C000004 6
020 A000005 SMITH BARNEY
020 C000005 2
020 A000006 GOLDMAN SACHS
020 C000006 2
020 A000007 BEAR STEARNS
020 B000007 13-3299429
020 C000007 1
020 A000008 ROBERTSON, COLMAN & STEPHENS
020 C000008 1
020 A000009 FIDELITY CAPITAL MERKETS
020 C000009 1
020 A000010 NATWEST SECURITIES
020 C000010 1
021 000000 77
022 A000001 STATE STREET BANK AND TRUST
022 B000001 04-1867445
022 C000001 349618
<PAGE> PAGE 3
022 D000001 0
022 A000002 MERRILL LYNCH, PIERCE, FENNER AND SMITH
022 B000002 13-5674085
022 C000002 121583
022 D000002 1883
022 A000003 SEVEN SEAS
022 C000003 17948
022 D000003 16683
022 A000004 GOLDMAN SACHS
022 B000004 13-5108880
022 C000004 15882
022 D000004 0
022 A000005 SALOMON BROTHERS
022 B000005 13-3082694
022 C000005 1230
022 D000005 14337
022 A000006 SPEAR, LEADS & KELLOGG
022 B000006 13-5515160
022 C000006 0
022 D000006 3777
022 A000007 CS FIRST BOSTON
022 C000007 0
022 D000007 3059
022 A000008 JEFFERIES & CO
022 C000008 121
022 D000008 2770
022 A000009 PRUDENTIAL SECURITIES
022 B000009 22-2347336
022 C000009 1346
022 D000009 986
022 A000010 MORGAN KEEGAN
022 B000010 64-0474907
022 C000010 0
022 D000010 2189
023 C000000 512902
023 D000000 51466
024 000000 Y
025 A000001 MORGAN STANLEY
025 B000001 13-2655998
025 C000001 E
025 D000001 806
025 D000002 0
025 D000003 0
025 D000004 0
025 D000005 0
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 N
026 B000000 Y
026 C000000 Y
<PAGE> PAGE 4
026 D000000 Y
026 E000000 Y
026 F000000 N
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 N
028 A010000 0
028 A020000 0
028 A030000 0
028 A040000 0
028 B010000 0
028 B020000 0
028 B030000 0
028 B040000 0
028 C010000 0
028 C020000 0
028 C030000 0
028 C040000 0
028 D010000 0
028 D020000 0
028 D030000 0
028 D040000 0
028 E010000 0
028 E020000 0
028 E030000 0
028 E040000 0
028 F010000 0
028 F020000 0
028 F030000 0
028 F040000 0
028 G010000 0
028 G020000 0
028 G030000 0
028 G040000 0
028 H000000 0
030 A000000 0
030 B000000 0.00
030 C000000 0.00
031 A000000 0
031 B000000 0
032 000000 0
033 000000 0
035 000000 0
036 B000000 0
038 000000 0
042 A000000 0
042 B000000 0
042 C000000 0
042 D000000 0
042 E000000 0
<PAGE> PAGE 5
042 F000000 0
042 G000000 0
042 H000000 0
043 000000 0
044 000000 0
045 000000 Y
046 000000 Y
047 000000 Y
048 000000 0.000
048 A010000 125000
048 A020000 0.750
048 B010000 125000
048 B020000 0.563
048 C010000 0
048 C020000 0.375
048 D010000 0
048 D020000 0.000
048 E010000 0
048 E020000 0.000
048 F010000 0
048 F020000 0.000
048 G010000 0
048 G020000 0.000
048 H010000 0
048 H020000 0.000
048 I010000 0
048 I020000 0.000
048 J010000 0
048 J020000 0.000
048 K010000 0
048 K020000 0.000
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 Y
054 C000000 Y
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 N
<PAGE> PAGE 6
055 A000000 N
055 B000000 N
056 000000 Y
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
060 B000000 Y
061 000000 0
062 A000000 N
062 B000000 0.0
062 C000000 0.0
062 D000000 0.0
062 E000000 0.0
062 F000000 0.0
062 G000000 0.0
062 H000000 0.0
062 I000000 0.0
062 J000000 0.0
062 K000000 0.0
062 L000000 0.0
062 M000000 0.0
062 N000000 0.0
062 O000000 0.0
062 P000000 0.0
062 Q000000 0.0
062 R000000 0.0
063 A000000 0
063 B000000 0.0
066 A000000 Y
066 B000000 N
066 C000000 Y
066 D000000 N
066 E000000 N
066 F000000 N
066 G000000 N
067 000000 N
068 A000000 N
068 B000000 N
069 000000 N
070 A010000 Y
070 A020000 Y
070 B010000 N
070 B020000 N
070 C010000 N
070 C020000 N
070 D010000 N
070 D020000 N
070 E010000 N
070 E020000 N
070 F010000 N
<PAGE> PAGE 7
070 F020000 N
070 G010000 N
070 G020000 N
070 H010000 N
070 H020000 N
070 I010000 N
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 Y
070 L010000 Y
070 L020000 Y
070 M010000 N
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
071 A000000 48227
071 B000000 35346
071 C000000 43213
071 D000000 12
072 A000000 12
072 B000000 4501
072 C000000 676
072 D000000 0
072 E000000 0
072 F000000 903
072 G000000 301
072 H000000 0
072 I000000 52
072 J000000 118
072 K000000 0
072 L000000 42
072 M000000 65
072 N000000 0
072 O000000 0
072 P000000 0
072 Q000000 0
072 R000000 30
072 S000000 52
072 T000000 0
072 U000000 0
072 V000000 73
<PAGE> PAGE 8
072 W000000 76
072 X000000 1712
072 Y000000 0
072 Z000000 3465
072AA000000 10616
072BB000000 881
072CC010000 8808
072CC020000 0
072DD010000 3491
072DD020000 0
072EE000000 5098
073 A010000 0.3100
073 A020000 0.0000
073 B000000 0.4500
073 C000000 0.0000
074 A000000 2
074 B000000 2690
074 C000000 56044
074 D000000 401
074 E000000 0
074 F000000 65725
074 G000000 0
074 H000000 0
074 I000000 0
074 J000000 1779
074 K000000 0
074 L000000 66
074 M000000 20
074 N000000 126727
074 O000000 0
074 P000000 0
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 7152
074 S000000 0
074 T000000 119575
074 U010000 11339
074 U020000 0
074 V010000 10.55
074 V020000 0.00
074 W000000 0.0000
074 X000000 4700
074 Y000000 0
075 A000000 0
075 B000000 120561
076 000000 9.38
077 A000000 Y
077 B000000 Y
077 C000000 N
<PAGE> PAGE 9
077 D000000 N
077 E000000 Y
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 Y
077 Q020000 N
077 Q030000 N
078 000000 N
080 A000000 NAT'L UNION FIRE INSURANCE CO OF PITTSBURG PA
080 C000000 525
081 A000000 N
081 B000000 0
082 A000000 N
082 B000000 0
083 A000000 N
083 B000000 0
084 A000000 N
084 B000000 0
085 A000000 Y
085 B000000 Y
SIGNATURE JANET SHORE
TITLE ASSISTANT SECRETARY
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THI SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FINANCIAL
STATEMENTS OF LIBERTY ALL-STAR GROWTH FUND YEAR END DEC-31-1995 AND IS QUALIFIED
IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS OF LIBERTY ALL-STAR
GROWTH FUND YEAR END DEC-31-1995
</LEGEND>
<CIK> 0000786035
<NAME> LIBERTY ALL-STAR GROWTH FUND
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
<FISCAL-YEAR-END> DEC-31-1995
<PERIOD-END> DEC-31-1995
<INVESTMENTS-AT-COST> 116052
<INVESTMENTS-AT-VALUE> 124860
<RECEIVABLES> 1844
<ASSETS-OTHER> 21
<OTHER-ITEMS-ASSETS> 2
<TOTAL-ASSETS> 126727
<PAYABLE-FOR-SECURITIES> 0
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 7152
<TOTAL-LIABILITIES> 7152
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 106078
<SHARES-COMMON-STOCK> 11339
<SHARES-COMMON-PRIOR> 11339
<ACCUMULATED-NII-CURRENT> 22
<OVERDISTRIBUTION-NII> 0
<ACCUMULATED-NET-GAINS> 4667
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 8808
<NET-ASSETS> 119575
<DIVIDEND-INCOME> 676
<INTEREST-INCOME> 4501
<OTHER-INCOME> 0
<EXPENSES-NET> 1712
<NET-INVESTMENT-INCOME> 3465
<REALIZED-GAINS-CURRENT> 9735
<APPREC-INCREASE-CURRENT> 2132
<NET-CHANGE-FROM-OPS> 15332
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 3491
<DISTRIBUTIONS-OF-GAINS> 5098
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 0
<NET-CHANGE-IN-ASSETS> 6742
<ACCUMULATED-NII-PRIOR> 48
<ACCUMULATED-GAINS-PRIOR> 30
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 903
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 1712
<AVERAGE-NET-ASSETS> 120561
<PER-SHARE-NAV-BEGIN> 9.95
<PER-SHARE-NII> 0.31
<PER-SHARE-GAIN-APPREC> 1.05
<PER-SHARE-DIVIDEND> 0.31
<PER-SHARE-DISTRIBUTIONS> 0.450
<RETURNS-OF-CAPITAL> 0
<PER-SHARE-NAV-END> 10.55
<EXPENSE-RATIO> 1.42
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
