<PAGE> PAGE 1
000 A000000 06/30/99
000 C000000 0000786035
000 D000000 N
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000 J000000 A
001 A000000 LIBERTY ALL-STAR GROWTH FUND
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001 C000000 6177226000
002 A000000 600 ATLANTIC AVENUE
002 B000000 BOSTON
002 C000000 MA
002 D010000 02210
002 D020000 2214
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008 B000001 A
008 C000001 801-26296
008 D010001 BOSTON
008 D020001 MA
008 D030001 02210
008 D040001 2214
008 A000002 MISSISSIPPI VALLEY ADVISORS
008 B000002 S
008 C000002 801-28897
008 D010002 ST. LOUIS
008 D020002 MO
008 D030002 61366
008 A000003 OPPENHEIMER CAPITAL CORP.
008 B000003 S
008 C000003 801-10708
008 D010003 NEW YORK
008 D020003 NY
<PAGE> PAGE 2
008 D030003 10281
008 A000004 PROVIDENT INVESTMENT COUNSEL, INC.
008 B000004 S
008 C000004 801-8811
008 D010004 PASADENA
008 D020004 CA
008 D030004 91101
008 A000005 WILLIAM BLAIRE & CO., INC.
008 B000005 S
008 C000005 801-688
008 D010005 CHICAGO
008 D020005 IL
008 D030005 60606
010 A000001 COLONIAL MANAGEMENT ASSOCIATES, INC
010 B000001 801-2019
010 C010001 BOSTON
010 C020001 MA
010 C030001 02111
010 C040001 2214
010 A000002 LIBERTY ASSET MANAGEMENT CO.
010 B000002 801-26296
010 C010002 BOSTON
010 C020002 MA
010 C030002 02111
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 LLP
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
014 A000003 COLONIAL INVESTMENT SERVICES, INC.
014 B000003 8-44998
014 A000004 OPPENHEIMER & CO., INC.
014 B000004 8-18333
014 A000005 OPPENHEIMER GOVERNMENT SECURITIES, INC.
014 B000005 8-38045
014 A000006 MERCANTILE INVESTMENT SERVICES, INC.
014 B000006 8-37913
014 A000007 INDEPENDENT FINANCIAL SECURITIES, INC.
014 B000007 8-00000
014 A000008 RFI DISTRIBUTORS, INC.
014 B000008 8--41126
014 A000009 WILLIAM BLAIRE & CO. LLC
014 B000009 8-2698
<PAGE> PAGE 3
015 A000001 BOSTON SAFE DEPOSIT AND TRUST COMPANY
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02108
015 E010001 X
018 000000 Y
019 A000000 N
019 B000000 0
020 A000001 MERRILL LYNCH,PIERCE F
020 B000001 13-5674085
020 C000001 71
020 A000002 CITATION SECURITIES INC.
020 C000002 14
020 A000003 RAYMOND JAMES AND ASSOC.
020 B000003 59-1237041
020 C000003 11
020 A000004 BANK OF BOSTON
020 C000004 8
020 A000005 ITG POSIT
020 C000005 8
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020 B000006 71-1450530
020 C000006 5
020 A000007 LIPPER ANALYTICAL
020 B000007 13-2792478
020 C000007 5
020 A000008 ADAMS, HARKNESS AND HILL, INC.
020 B000008 04-2149932
020 C000008 5
020 A000009 VOLPE, WELTY CO.
020 C000009 4
020 A000010 LEHMAN BROTHERS
020 B000010 13-2518466
020 C000010 3
021 000000 180
022 A000001 ABN AMRO
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022 C000004 9100
<PAGE> PAGE 4
022 D000004 5555
022 A000005 SALOMON SMITH BARNEY
022 B000005 13-3082694
022 C000005 1127
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022 A000006 BANK OF BOSTON
022 C000006 2084
022 D000006 2824
022 A000007 ALEX BROWN SONS INC.
022 C000007 4818
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022 A000008 ADAMS, HARKNESS HILL
022 B000008 04-2149932
022 C000008 4741
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<PAGE> PAGE 5
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<PAGE> PAGE 6
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<PAGE> PAGE 8
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<PAGE> PAGE 10
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SIGNATURE GAIL KNUDSEN
TITLE ASSISTANT CONTROLLER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000786035
<NAME> LIBERTY ALL-STAR GROWTH
<SERIES>
<NUMBER> 1
<NAME> LAGF
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> DEC-31-1999
<PERIOD-START> JAN-01-1999
<PERIOD-END> JUN-30-1999
<INVESTMENTS-AT-COST> 145934
<INVESTMENTS-AT-VALUE> 203094
<RECEIVABLES> 2752
<ASSETS-OTHER> 378
<OTHER-ITEMS-ASSETS> 0
<TOTAL-ASSETS> 206224
<PAYABLE-FOR-SECURITIES> 1360
<SENIOR-LONG-TERM-DEBT> 0
<OTHER-ITEMS-LIABILITIES> 2635
<TOTAL-LIABILITIES> 3994
<SENIOR-EQUITY> 0
<PAID-IN-CAPITAL-COMMON> 144238
<SHARES-COMMON-STOCK> 15771
<SHARES-COMMON-PRIOR> 15237
<ACCUMULATED-NII-CURRENT> 0
<OVERDISTRIBUTION-NII> (412)
<ACCUMULATED-NET-GAINS> 1243
<OVERDISTRIBUTION-GAINS> 0
<ACCUM-APPREC-OR-DEPREC> 57160
<NET-ASSETS> 202230
<DIVIDEND-INCOME> 590
<INTEREST-INCOME> 243
<OTHER-INCOME> 0
<EXPENSES-NET> 1245
<NET-INVESTMENT-INCOME> (412)
<REALIZED-GAINS-CURRENT> 13014
<APPREC-INCREASE-CURRENT> (4942)
<NET-CHANGE-FROM-OPS> 7660
<EQUALIZATION> 0
<DISTRIBUTIONS-OF-INCOME> 0
<DISTRIBUTIONS-OF-GAINS> (9683)
<DISTRIBUTIONS-OTHER> 0
<NUMBER-OF-SHARES-SOLD> 0
<NUMBER-OF-SHARES-REDEEMED> 0
<SHARES-REINVESTED> 5738
<NET-CHANGE-IN-ASSETS> 3716
<ACCUMULATED-NII-PRIOR> 0
<ACCUMULATED-GAINS-PRIOR> 0
<OVERDISTRIB-NII-PRIOR> 0
<OVERDIST-NET-GAINS-PRIOR> (2088)
<GROSS-ADVISORY-FEES> 774
<INTEREST-EXPENSE> 0
<GROSS-EXPENSE> 471
<AVERAGE-NET-ASSETS> 193585
<PER-SHARE-NAV-BEGIN> 13.03
<PER-SHARE-NII> (0.03)
<PER-SHARE-GAIN-APPREC> 0.45
<PER-SHARE-DIVIDEND> 0.00
<PER-SHARE-DISTRIBUTIONS> (0.63)
<RETURNS-OF-CAPITAL> 0.000
<PER-SHARE-NAV-END> 12.82
<EXPENSE-RATIO> 1.28
[AVG-DEBT-OUTSTANDING] 0
[AVG-DEBT-PER-SHARE] 0
</TABLE>
Matters submitted for vote of security holders
(a) An Annual Meeting of Shareholders (Meeting) of the Liberty All-Star
Growth Fund, Inc. (Fund) was held on April 21, 1999.
(b) The Fund's shareholders elected Messrs. Robert J. Birnbaum and William
E. Mayer as Directors of the class whose term expires with the year
2002 annual meeting of shareholders, and John V. Carberry as a Director
of the class whose term expires with the year 2001 annual meeting of
shareholders. The Fund's Board of Directors also consists of James E.
Grinnell, Richard W.Lowry and John J. Neuhauser.
(c)(1) The Fund's shareholders voted to approve an amendment to the Fund's
Articles of Incorporation increasing authorized capital stock,
as follows:
For Against Abstain
12,405,402.433 861,950.028 221,971.492
(c)(2) The Fund's shareholders voted to ratify the selection of KPMG Peat
Marwick LLP as independent auditors for the year ending December 31,
1999, as follows:
For Against Abstain
13,305,330.926 59,034.658 164,958.261
(d) Not Applicable
(Proxy Statement inc. herein by ref. to Acc. #0001029869-99-000306)
