UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

OMB APPROVAL

 

OMB Number:    3235-0578
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FORM N-Q

 

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number

811-4809

 

 

Liberty All-Star Equity Fund

(Exact name of registrant as specified in charter)

 

One Financial Center, Boston, Massachusetts

 

02111

(Address of principal executive offices)

 

(Zip code)

 

Vincent Pietropaolo, Esq.

Columbia Management Group, Inc.

One Financial Center

Boston, MA 02111

(Name and address of agent for service)

 

Registrant’s telephone number, including area code:

1-617-772-3698

 

 

Date of fiscal year end:

12/31/05

 

 

 

 

Date of reporting period:

9/30/05

 

 



 

Item 1. Schedule of Investments.

 



 

Schedule of Investments as of September 30, 2005 (Unaudited)

 

 

 

SHARES

 

MARKET VALUE

 

COMMON STOCKS (98.2%)

 

 

 

 

 

CONSUMER DISCRETIONARY (20.7%)

 

 

 

 

 

 

 

 

 

 

 

Auto Components (1.6%)

 

 

 

 

 

Johnson Controls, Inc.

 

190,775

 

$

11,837,589

 

Magna International, Inc., Class A

 

78,800

 

5,898,968

 

Visteon Corp. (a)

 

430,600

 

4,211,268

 

 

 

 

 

21,947,825

 

Automobiles (0.5%)

 

 

 

 

 

Honda Motor Co., Ltd. (b)

 

232,250

 

6,595,900

 

 

 

 

 

 

 

Diversified Consumer Services (0.8%)

 

 

 

 

 

Apollo Group, Inc., Class A (a)

 

151,300

 

10,044,807

 

 

 

 

 

 

 

Hotels, Restaurants & Leisure (3.5%)

 

 

 

 

 

Carnival Corp.

 

144,225

 

7,208,365

 

GTECH Holdings Corp.

 

40,075

 

1,284,804

 

Harrah’s Entertainment, Inc.

 

88,000

 

5,736,720

 

Marriott International, Inc., Class A

 

90,000

 

5,670,000

 

Starbucks Corp. (a)

 

282,360

 

14,146,236

 

Starwood Hotels & Resorts Worldwide, Inc.

 

226,975

 

12,976,161

 

 

 

 

 

47,022,286

 

Household Durables (1.1%)

 

 

 

 

 

Newell Rubbermaid, Inc.

 

149,825

 

3,393,536

 

Whirlpool Corp.

 

139,950

 

10,604,012

 

 

 

 

 

13,997,548

 

Internet & Catalog Retail (3.6%)

 

 

 

 

 

Amazon.com, Inc. (a)

 

474,600

 

21,499,380

 

eBay, Inc. (a)

 

635,400

 

26,178,480

 

 

 

 

 

47,677,860

 

Media (5.1%)

 

 

 

 

 

Comcast Corp., Class A (a)

 

285,000

 

8,202,300

 

Getty Images, Inc. (a)

 

75,000

 

6,453,000

 

Interpublic Group of Companies, Inc. (a)

 

460,000

 

5,354,400

 

Liberty Global, Inc., Class A (a)

 

150,537

 

4,076,542

 

Liberty Global, Inc., Series C (a)

 

151,712

 

3,906,584

 

Liberty Media Corp., Class A (a)

 

882,561

 

7,104,616

 

 

See Notes to Schedule of Investments.

 

 

 

1



 

 

 

SHARES

 

MARKET VALUE

 

COMMON STOCKS (CONTINUED)

 

 

 

 

 

Media (continued)

 

 

 

 

 

Pixar, Inc. (a)

 

206,100

 

$

9,173,511

 

Time Warner, Inc.

 

410,000

 

7,425,100

 

The Walt Disney Co.

 

224,000

 

5,405,120

 

XM Satellite Radio Holdings, Inc., Class A (a)

 

299,280

 

10,747,145

 

 

 

 

 

67,848,318

 

Multiline Retail (1.5%)

 

 

 

 

 

J.C. Penney Co., Inc.

 

120,100

 

5,695,142

 

Kohl’s Corp. (a)

 

43,900

 

2,202,902

 

Wal-Mart Stores, Inc.

 

287,400

 

12,593,868

 

 

 

 

 

20,491,912

 

Specialty Retail (3.0%)

 

 

 

 

 

Circuit City Stores, Inc.

 

56,800

 

974,688

 

Foot Locker, Inc.

 

69,450

 

1,523,733

 

The Gap, Inc.

 

420,000

 

7,320,600

 

RadioShack Corp.

 

240,525

 

5,965,020

 

Ross Stores, Inc.

 

300,000

 

7,110,000

 

TJX Companies, Inc.

 

573,825

 

11,751,936

 

Williams-Sonoma, Inc. (a)

 

155,000

 

5,944,250

 

 

 

 

 

40,590,227

 

CONSUMER STAPLES (3.0%)

 

 

 

 

 

 

 

 

 

 

 

Food & Staples Retailing (0.9%)

 

 

 

 

 

Walgreen Co.

 

281,000

 

12,209,450

 

 

 

 

 

 

 

Food Products (2.1%)

 

 

 

 

 

Dean Foods Co. (a)

 

58,800

 

2,284,968

 

General Mills, Inc.

 

128,700

 

6,203,340

 

Sara Lee Corp.

 

617,175

 

11,695,466

 

Tate & Lyle PLC (b)

 

229,075

 

7,363,502

 

 

 

 

 

27,547,276

 

ENERGY (3.6%)

 

 

 

 

 

 

 

 

 

 

 

Energy Equipment & Services (1.9%)

 

 

 

 

 

Halliburton Co.

 

144,000

 

9,866,880

 

Schlumberger Ltd.

 

85,000

 

7,172,300

 

Tidewater, Inc.

 

176,000

 

8,565,920

 

 

 

 

 

25,605,100

 

 

See Notes to Schedule of Investments.

 

2



 

 

 

SHARES

 

MARKET VALUE

 

COMMON STOCKS (CONTINUED)

 

 

 

 

 

Oil, Gas & Consumable Fuels (1.7%)

 

 

 

 

 

BP PLC (b)

 

88,200

 

$

6,248,970

 

Burlington Resources, Inc.

 

114,000

 

9,270,520

 

Newfield Exploration Co. (a)

 

130,000

 

6,383,000

 

 

 

 

 

21,902,490

 

FINANCIALS (20.4%)

 

 

 

 

 

 

 

 

 

 

 

Capital Markets (2.2%)

 

 

 

 

 

Merrill Lynch & Co., Inc.

 

150,000

 

9,202,500

 

Morgan Stanley

 

383,925

 

20,708,915

 

 

 

 

 

29,911,415

 

Commercial Banks (2.9%)

 

 

 

 

 

Bank of America Corp. (c)

 

170,000

 

7,157,000

 

Bank of New York Co., Inc.

 

291,000

 

8,558,310

 

Comerica, Inc.

 

117,925

 

6,945,782

 

Commerce Bancorp, Inc.

 

253,330

 

7,774,698

 

Fifth Third Bancorp

 

80,000

 

2,938,400

 

Hudson City Bancorp, Inc.

 

111,075

 

1,321,793

 

North Fork Bancorporation, Inc.

 

154,125

 

3,930,187

 

 

 

 

 

38,626,170

 

Diversified Financial Services (3.4%)

 

 

 

 

 

CIT Group, Inc.

 

126,925

 

5,734,471

 

Citigroup, Inc.

 

495,200

 

22,541,504

 

J.P. Morgan Chase & Co.

 

489,175

 

16,597,708

 

 

 

 

 

44,873,683

 

Insurance (9.0%)

 

 

 

 

 

AFLAC, Inc.

 

66,200

 

2,998,860

 

Allstate Corp.

 

134,625

 

7,443,416

 

American International Group, Inc.

 

214,450

 

13,287,322

 

Aon Corp.

 

509,725

 

16,351,978

 

Genworth Financial, Inc., Class A

 

190,825

 

6,152,198

 

Loews Corp.

 

64,837

 

5,991,587

 

Marsh & McLennan Companies, Inc.

 

232,700

 

7,071,753

 

MetLife, Inc.

 

255,975

 

12,755,234

 

The Progressive Corp.

 

232,105

 

24,317,641

 

 

See Notes to Schedule of Investments.

 

3



 

 

 

SHARES

 

MARKET VALUE

 

COMMON STOCKS (CONTINUED)

 

 

 

 

 

Insurance (continued)

 

 

 

 

 

RenaissanceRe Holdings Ltd.

 

49,650

 

$

2,171,195

 

Torchmark Corp.

 

212,875

 

11,246,186

 

XL Capital Ltd., Class A

 

151,550

 

10,309,947

 

 

 

 

 

120,097,317

 

Real Estate (0.4%)

 

 

 

 

 

Host Marriott Corp.

 

50,000

 

845,000

 

The St. Joe Co.

 

11,500

 

718,175

 

Trizec Properties, Inc., REIT

 

177,350

 

4,089,691

 

 

 

 

 

5,652,866

 

Thrifts & Mortgage Finance (2.5%)

 

 

 

 

 

Fannie Mae

 

399,450

 

17,903,349

 

Freddie Mac

 

214,950

 

12,136,077

 

The PMI Group, Inc.

 

14,375

 

573,131

 

Washington Mutual, Inc.

 

72,075

 

2,826,782

 

 

 

 

 

33,439,339

 

HEALTH CARE (13.1%)

 

 

 

 

 

 

 

 

 

 

 

Biotechnology (6.1%)

 

 

 

 

 

Affymetrix, Inc. (a)

 

147,000

 

6,795,810

 

Amgen, Inc. (a)

 

184,800

 

14,723,016

 

Charles River Laboratories International, Inc. (a)

 

124,000

 

5,408,880

 

Genentech, Inc. (a)

 

306,200

 

25,785,102

 

Genzyme Corp. (a)

 

114,800

 

8,224,272

 

Invitrogen Corp. (a)

 

87,000

 

6,545,010

 

MedImmune, Inc. (a)

 

424,000

 

14,267,600

 

 

 

 

 

81,749,690

 

Health Care Equipment & Supplies (2.5%)

 

 

 

 

 

Alcon, Inc.

 

69,800

 

8,926,024

 

Boston Scientific Corp. (a)

 

270,000

 

6,309,900

 

Fisher Scientific International, Inc. (a)

 

120,000

 

7,446,000

 

St. Jude Medical, Inc. (a)

 

147,300

 

6,893,640

 

Varian Medical Systems, Inc. (a)

 

96,355

 

3,806,986

 

 

 

 

 

33,382,550

 

 

See Notes to Schedule of Investments.

 

4



 

 

 

SHARES

 

MARKET VALUE

 

COMMON STOCKS (CONTINUED)

 

 

 

 

 

Health Care Providers & Services (1.8%)

 

 

 

 

 

AmerisourceBergen Corp.

 

155,550

 

$

12,024,015

 

HCA, Inc.

 

116,325

 

5,574,294

 

McKesson Corp.

 

20,900

 

991,705

 

Triad Hospitals, Inc. (a)

 

117,750

 

5,330,543

 

 

 

 

 

23,920,557

 

Pharmaceuticals (2.7%)

 

 

 

 

 

Bristol-Myers Squibb Co.

 

420,000

 

10,105,200

 

Pfizer, Inc.

 

654,450

 

16,341,616

 

Wyeth

 

206,000

 

9,531,620

 

 

 

 

 

35,978,436

 

INDUSTRIALS (10.3%)

 

 

 

 

 

 

 

 

 

 

 

Aerospace & Defense (2.6%)

 

 

 

 

 

The Boeing Co.

 

347,175

 

23,590,541

 

Bombardier, Inc., Class B

 

1,154,500

 

2,853,440

 

Goodrich Corp.

 

52,775

 

2,340,044

 

L-3 Communications Holdings, Inc.

 

82,000

 

6,483,740

 

 

 

 

 

35,267,765

 

Airlines (0.2%)

 

 

 

 

 

AMR Corp. (a)

 

68,850

 

769,743

 

Southwest Airlines Co.

 

137,500

 

2,041,875

 

 

 

 

 

2,811,618

 

Commercial Services & Supplies (0.5%)

 

 

 

 

 

Monster Worldwide, Inc. (a)

 

215,000

 

6,602,650

 

 

 

 

 

 

 

Construction & Engineering (0.2%)

 

 

 

 

 

Jacobs Engineering Group, Inc. (a)

 

35,000

 

2,359,000

 

 

 

 

 

 

 

Electrical Equipment (1.7%)

 

 

 

 

 

ABB Ltd. (a)(b)

 

140,200

 

1,031,872

 

American Power Conversion Corp.

 

581,200

 

15,053,080

 

Emerson Electric Co.

 

82,000

 

5,887,600

 

 

 

 

 

21,972,552

 

Industrial Conglomerates (2.2%)

 

 

 

 

 

General Electric Co.

 

421,200

 

14,181,804

 

Tyco International Ltd.

 

534,825

 

14,894,876

 

 

 

 

 

29,076,680

 

 

See Notes to Schedule of Investments.

 

5



 

 

 

SHARES

 

MARKET VALUE

 

COMMON STOCKS (CONTINUED)

 

 

 

 

 

Machinery (1.2%)

 

 

 

 

 

Caterpillar, Inc.

 

140,000

 

$

8,225,000

 

Deere & Co.

 

7,025

 

429,930

 

Navistar International Corp. (a)

 

229,175

 

7,432,145

 

 

 

 

 

16,087,075

 

Road & Rail (1.5%)

 

 

 

 

 

CSX Corp.

 

178,775

 

8,309,462

 

Swift Transportation Co., Inc. (a)

 

78,075

 

1,381,928

 

Union Pacific Corp.

 

152,350

 

10,923,495

 

 

 

 

 

20,614,885

 

Trading Companies & Distributors (0.2%)

 

 

 

 

 

Hughes Supply, Inc.

 

98,125

 

3,198,875

 

 

 

 

 

 

 

INFORMATION TECHNOLOGY (21.8%)

 

 

 

 

 

 

 

 

 

 

 

Communications Equipment (2.7%)

 

 

 

 

 

Cisco Systems, Inc. (a)

 

207,200

 

3,715,096

 

Motorola, Inc.

 

380,000

 

8,394,200

 

Nokia Oyj (b)

 

470,000

 

7,947,700

 

QUALCOMM, Inc.

 

354,400

 

15,859,400

 

 

 

 

 

35,916,396

 

Computers & Peripherals (2.6%)

 

 

 

 

 

Dell, Inc. (a)

 

244,900

 

8,375,580

 

EMC Corp. (a)

 

547,500

 

7,084,650

 

Hewlett-Packard Co.

 

312,800

 

9,133,760

 

Network Appliance, Inc. (a)

 

441,415

 

10,479,192

 

 

 

 

 

35,073,182

 

Electronic Equipment & Instruments (3.4%)

 

 

 

 

 

Agilent Technologies, Inc. (a)

 

397,800

 

13,027,950

 

AU Optronics Corp. (b)

 

392,980

 

5,093,021

 

Avnet, Inc. (a)

 

240,775

 

5,886,949

 

Celestica, Inc. (a)

 

155,650

 

1,760,401

 

Sanmina-SCI Corp. (a)

 

1,250,875

 

5,366,254

 

Symbol Technologies, Inc.

 

680,030

 

6,582,690

 

Vishay Intertechnology, Inc. (a)

 

600,000

 

7,170,000

 

 

 

 

 

44,887,265

 

 

See Notes to Schedule of Investments.

 

6



 

 

 

SHARES

 

MARKET VALUE

 

COMMON STOCKS (CONTINUED)

 

 

 

 

 

Internet Software & Services (2.9%)

 

 

 

 

 

Google, Inc., Class A (a)

 

37,600

 

$

11,898,896

 

VeriSign, Inc. (a)

 

200,000

 

4,274,000

 

Yahoo!, Inc. (a)

 

668,100

 

22,608,504

 

 

 

 

 

38,781,400

 

IT Services (1.3%)

 

 

 

 

 

BearingPoint, Inc. (a)

 

566,005

 

4,295,978

 

Computer Sciences Corp. (a)

 

196,350

 

9,289,318

 

Convergys Corp. (a)

 

23,700

 

340,569

 

First Data Corp.

 

90,000

 

3,600,000

 

 

 

 

 

17,525,865

 

Semiconductors & Semiconductor Equipment (4.4%)

 

 

 

 

 

Analog Devices, Inc.

 

155,000

 

5,756,700

 

Intel Corp.

 

649,000

 

15,997,850

 

Maxim Integrated Products, Inc.

 

254,350

 

10,848,027

 

Novellus Systems, Inc. (a)

 

319,300

 

8,008,044

 

Teradyne, Inc. (a)

 

195,875

 

3,231,938

 

Texas Instruments, Inc.

 

240,000

 

8,136,000

 

Xilinx, Inc.

 

238,100

 

6,631,085

 

 

 

 

 

58,609,644

 

Software (4.5%)

 

 

 

 

 

Adobe Systems, Inc.

 

201,570

 

6,016,865

 

Autodesk, Inc.

 

158,000

 

7,337,520

 

Computer Associates International, Inc.

 

455,208

 

12,659,334

 

Electronic Arts, Inc. (a)

 

171,100

 

9,733,879

 

Microsoft Corp.

 

676,675

 

17,410,848

 

Oracle Corp. (a)

 

550,000

 

6,814,500

 

Symantec Corp. (a)

 

3,430

 

77,724

 

 

 

 

 

60,050,670

 

MATERIALS (1.9%)

 

 

 

 

 

 

 

 

 

 

 

Chemicals (1.3%)

 

 

 

 

 

Bayer AG (b)

 

86,935

 

3,199,208

 

Lyondell Chemical Co.

 

27,200

 

778,464

 

The Mosaic Co. (a)

 

458,025

 

7,337,560

 

Praxair, Inc.

 

134,000

 

6,422,620

 

 

 

 

 

17,737,852

 

 

See Notes to Schedule of Investments.

 

7



 

 

 

SHARES

 

MARKET VALUE

 

COMMON STOCKS (CONTINUED)

 

 

 

 

 

Containers & Packaging (0.1%)

 

 

 

 

 

Pactiv Corp. (a)

 

98,925

 

$

1,733,166

 

 

 

 

 

 

 

 

Paper & Forest Products (0.5%)

 

 

 

 

 

Abitibi Consolidated, Inc.

 

379,925

 

1,538,696

 

International Paper Co.

 

164,482

 

4,901,564

 

 

 

 

 

6,440,260

 

TELECOMMUNICATION SERVICES (0.3%)

 

 

 

 

 

 

 

 

 

 

 

Diversified Telecommunication Services (0.0%)

 

 

 

 

 

Sprint Nextel Corp.

 

17,450

 

414,961

 

 

 

 

 

 

 

Wireless Telecommunication Services (0.3%)

 

 

 

 

 

Telephone & Data Systems, Inc.

 

33,550

 

1,308,450

 

Telephone & Data Systems, Inc., Special Common Shares

 

71,825

 

2,697,029

 

 

 

 

 

4,005,479

 

UTILITIES (3.1%)

 

 

 

 

 

 

 

 

 

 

 

Electric Utilities (0.5%)

 

 

 

 

 

Exelon Corp.

 

125,000

 

6,680,000

 

 

 

 

 

 

 

Independent Power Producers (1.3%)

 

 

 

 

 

NRG Energy, Inc. (a)

 

90,525

 

3,856,365

 

Reliant Energy, Inc. (a)

 

877,175

 

13,543,582

 

 

 

 

 

17,399,947

 

Multi-Utilities (1.3%)

 

 

 

 

 

Sempra Energy

 

153,400

 

7,219,004

 

Wisconsin Energy Corp.

 

234,475

 

9,360,242

 

 

 

 

 

16,579,246

 

TOTAL COMMON STOCKS (COST OF $1,181,583,884)

 

 

 

1,310,939,455

 

 

 

 

INTEREST

 

MATURITY

 

PAR

 

 

 

 

 

RATE

 

DATE

 

VALUE

 

 

 

CONVERTIBLE BONDS (0.0%)

 

 

 

 

 

 

 

 

 

INDUSTRIALS (0.0%)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Airlines (0.0%)

 

 

 

 

 

 

 

 

 

AMR Corp
(Cost of $141,123)

 

8.00%

 

06/03/23

 

$

176,000

 

142,569

 

 

See Notes to Schedule of Investments.

 

8



 

 

 

PAR VALUE

 

MARKET VALUE

 

SHORT-TERM INVESTMENT (2.1%)

 

 

 

 

 

REPURCHASE AGREEMENT (2.1%)

 

 

 

 

 

Repurchase agreement with State Street Bank & Trust Co., dated 09/30/05, due 10/03/05 at 3.15%, collateralized by several U.S. Treasury Bonds with various maturity dates, market value of $29,229,213 (repurchase proceeds $28,650,519) (Cost of $28,643,000)

 

$

28,643,000

 

$

28,643,000

 

 

 

 

 

 

 

TOTAL INVESTMENTS (100.3%) (COST OF $1,210,368,007)

 

 

 

1,339,725,024

 

 

 

 

 

 

 

OTHER ASSETS & LIABILITIES, NET (-0.3)%

 

 

 

(4,453,493

)

 

 

 

 

 

 

NET ASSETS (100.0%)

 

 

 

$

1,335,271,531

 

 

 

 

 

 

 

NET ASSET VALUE PER SHARE (152,790,940 SHARES OUTSTANDING)

 

 

 

$

8.74

 

 


NOTES TO SCHEDULE OF INVESTMENTS:

 

 

 

 

 

 

Security Valuation

 

Equity securities are valued at the last sale price at the close of the principal exchange on which they trade. Unlisted securities or listed securities for which there were no sales during the day are valued at the closing bid price on such exchanges or over-the-counter

markets.

 

Debt securities generally are valued by pricing services approved by the Fund’s Board of Trustees (the “Board”), based upon market transactions for normal, institutionalsize trading units of similar securities. The services may use various pricing techniques which take into account appropriate factors such as yield, quality, coupon rate, maturity, type of issue, trading characteristics and other data, as well as broker quotes. Debt securities for which quotations are readily available are valued at an over-the-counter or exchange bid quotation.

 

Short-term debt obligations maturing in more than 60 days for which market quotations are readily available are valued at current market value. Short-term debt obligations maturing within 60 days are valued at amortized cost, which approximates market value.

 

Investments for which market quotations are not readily available are valued at fair value as determined in good faith under procedures approved by and under the general supervision of the Board.

 

(a) Non-income producing security.

 

 

 

 

 

(b) Represents an American Depositary Receipt.

 

 

 

 

 

(c) Investments in affiliates during the nine months ended September 30, 2005

 

 

 

 

 

 

 

Security name:

 

Bank of America Corp.

 

 

 

 

 

 

 

Shares as of 12/31/04:

 

228,912

 

 

 

 

 

 

 

Shares purchased:

 

 

 

 

 

 

 

 

Shares sold:

 

58,912

 

 

 

 

 

 

 

Shares as of 09/30/05:

 

170,000

 

 

 

 

 

 

 

Net realized gain:

 

$

539,279

 

 

 

 

 

 

 

Dividend income earned:

 

$

264,520

 

 

 

 

 

 

 

Value at end of period:

 

$

7,157,000

 

 

 

 

 

 

 

 

Gross unrealized appreciation and depreciation of investments at September 30, 2005 is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

Gross unrealized appreciation

 

$

234,484,549

 

 

 

 

Gross unrealized depreciation

 

(105,127,532

)

 

 

 

Net unrealized appreciation

 

$

129,357,017

 

 

 

 

ACRONYM

 

NAME

 

REIT

 

Real Estate Investment Trust

 

 



 

Item 2. Controls and Procedures.

 

(a)   The registrant’s principal executive officer and principal financial officer, based on his evaluation of the registrant’s disclosure controls and procedures as of a date within 90 days of the filing of this report, has concluded that such controls and procedures are adequately designed to ensure that information required to be disclosed by the registrant in Form N-Q is accumulated and communicated to the registrant’s management, including the principal executive officer and principal financial officer, or persons performing similar functions, as appropriate to allow timely decisions regarding required disclosure.

 

(b)   There were no changes in the registrant’s internal control over financial reporting that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

 

Item 3. Exhibits.

 

Certifications pursuant to Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)) attached hereto as Exhibit 99.CERT.

 



 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

(registrant)

 

Liberty All-Star Equity Fund

 

 

 

 

 

 

 

 

 

 

 

By (Signature and Title)

 

/s/ William R. Parmentier, Jr

 

 

 

William R. Parmentier, Jr., President

 

 

 

 

 

Date

 

November 28, 2005

 

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

 

By (Signature and Title)

 

/s/ William R. Parmentier, Jr

 

 

 

William R. Parmentier, Jr., President

 

 

 

 

 

Date

 

November 28, 2005

 

 

 

By (Signature and Title)

 

/s/ J. Kevin Connaughton

 

 

 

J. Kevin Connaughton, Treasurer

 

 

 

 

 

Date

 

November 28, 2005