Liberty All-Star(R) Growth Fund, Inc. October 2008 Monthly Update

BOSTON, MA–(Marketwire - November 24, 2008) - Below is the October 2008 Monthly Update for the
Liberty All-Star® Growth Fund, Inc. (NYSE: ASG)

                 October 2008 Monthly Update

                                                         Premium /
Performance                     NAV     Market Price    (Discount)
-----------                    -----    ------------    ----------
   Beginning of month value    $4.34        $3.47         (20.0%)
   Distributions                 -            -
   End of month value          $3.54        $2.99         (15.5%)
   Performance for month      (18.4%)      (13.8%)
   Performance year-to-date   (36.5%)      (45.6%)

  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 XASGX.  Past performance cannot predict future r

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