PAGE 1
000 A000000 06/30/2010
000 C000000 0000799195
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 LIBERTY ALL STAR EQUITY
001 B000000 811-04809
001 C000000 8005423863
002 A000000 1290 BROADWAY, STE.1100
002 B000000 DENVER
002 C000000 CO
002 D010000 80203
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
007 C011100 11
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
007 C012000 20
007 C012100 21
007 C012200 22
007 C012300 23
007 C012400 24
007 C012500 25
007 C012600 26
007 C012700 27
007 C012800 28
007 C012900 29
PAGE 2
007 C013000 30
007 C013100 31
007 C013200 32
007 C013300 33
007 C013400 34
007 C013500 35
007 C013600 36
007 C013700 37
007 C013800 38
007 C013900 39
007 C014000 40
007 C014100 41
007 C014200 42
007 C014300 43
007 C014400 44
007 C014500 45
007 C014600 46
007 C014700 47
007 C014800 48
007 C014900 49
007 C015000 50
007 C015100 51
007 C015200 52
007 C015300 53
007 C015400 54
007 C015500 55
007 C015600 56
007 C015700 57
007 C015800 58
007 C015900 59
007 C016000 60
007 C016100 61
007 C016200 62
007 C016300 63
007 C016400 64
007 C016500 65
007 C016600 66
007 C016700 67
007 C016800 68
007 C016900 69
007 C017000 70
008 A000001 ALPS ADVISERS, INC.
008 B000001 A
008 C000001 801-67135
008 D010001 DENVER
008 D020001 CO
008 D030001 80203
008 A000002 CORNERSTONE CAPITAL MANAGEMENT, INC.
008 B000002 S
008 C000002 801-45262
008 D010002 MINNEAPOLIS
PAGE 3
008 D020002 MN
008 D030002 55439
008 A000003 PZENA INVESTMENT MANAGEMENT LLC
008 B000003 S
008 C000003 801-50838
008 D010003 NEW YORK
008 D020003 NY
008 D030003 10036
008 A000004 SCHNEIDER CAPITAL MANAGEMENT
008 B000004 S
008 C000004 801-55439
008 D010004 WAYNE
008 D020004 PA
008 D030004 19087
008 A000005 MATRIX ASSET ADVISORS, INC.
008 B000005 S
008 C000005 801-43315
008 D010005 NASHVILLE
008 D020005 TN
008 D030005 37203
008 A000006 TCW INVESTMENT MANAGEMENT, CO.
008 B000006 S
008 C000006 801-7380
008 D010006 LOS ANGELES
008 D020006 CA
008 D030006 90017
010 A000001 ALPS FUND SERVICES, INC.
010 B000001 84-5730
010 C010001 DENVER
010 C020001 CO
010 C030001 80203
012 A000001 COMPUTERSHARE
012 B000001 84-9999
012 C010001 PROVIDENCE
012 C020001 RI
012 C030001 02940
013 A000001 DELOITTE & TOUCHE LLP
013 B010001 DENVER
013 B020001 CO
013 B030001 80202
014 A000001 ALPS DISTRIBUTORS, INC.
014 B000001 8-34626
015 A000001 STATE STREET CORPORATION
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02111
015 E010001 X
015 A000002 STATE STREET BANK & TRUST COMPANY
015 B000002 S
015 C010002 EDINBURGH
PAGE 4
015 D010002 SCOTLAND
015 D020002 EH5 2AW
015 E040002 X
018 000000 Y
019 A000000 Y
019 B000000 2
019 C000000 ALLSTARFND
020 A000001 BANK OF NEW YORK BROKERAGE INC.
020 B000001 13-3989198
020 C000001 78
020 A000002 GOLDMAN SACHS GROUP, INC.
020 B000002 13-5108880
020 C000002 75
020 A000003 CREDIT SUISSE SECURITIES (USA) LLC
020 B000003 05-0546650
020 C000003 49
020 A000004 INSTINET LLC
020 B000004 13-2625132
020 C000004 48
020 A000005 BARCLAYS CAPITAL INC.
020 B000005 06-1031656
020 C000005 46
020 A000006 JP MORGAN CHASE & CO.
020 B000006 13-2624428
020 C000006 43
020 A000007 MERRILL LYNCH & CO., INC.
020 B000007 13-2740599
020 C000007 42
020 A000008 JEFFERIES & CO., INC.
020 B000008 95-2622900
020 C000008 42
020 A000009 MORGAN STANLEY & CO., INC.
020 B000009 94-1671384
020 C000009 24
020 A000010 GATEWAY TRADING
020 C000010 23
021 000000 649
022 A000001 STATE STREET BANK & TRUST CO.
022 B000001 04-1867445
022 C000001 1870310
022 D000001 0
022 A000002 JP MORGAN CHASE & CO.
022 B000002 13-2624428
022 C000002 1550
022 D000002 0
022 A000003 BARCLAYS CAPITAL INC.
022 B000003 06-1031656
022 C000003 1159
022 D000003 0
022 C000004 0
022 D000004 0
PAGE 5
022 C000005 0
022 D000005 0
022 C000006 0
022 D000006 0
022 C000007 0
022 D000007 0
022 C000008 0
022 D000008 0
022 C000009 0
022 D000009 0
022 C000010 0
022 D000010 0
023 C000000 1873019
023 D000000 0
024 000000 Y
025 A000001 JP MORGAN CHASE & CO.
025 B000001 72-1091384
025 C000001 E
025 D000001 17622
025 A000002 STATE STREET BANK & TRUST CO.
025 B000002 04-1867446
025 C000002 E
025 D000002 8423
025 A000003 MORGAN STANLEY & CO., INC.
025 B000003 94-1671384
025 C000003 E
025 D000003 7593
025 A000004 GOLDMAN SACHS GROUP, INC.
025 B000004 13-5108880
025 C000004 E
025 D000004 7335
025 A000005 BANK OF NEW YORK MELLON CORP.
025 B000005 13-3989198
025 C000005 E
025 D000005 5580
025 A000006 DELETE
025 D000006 0
025 D000007 0
025 D000008 0
026 A000000 N
026 B000000 Y
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 Y
026 G010000 N
026 G020000 N
026 H000000 N
027 000000 N
045 000000 Y
046 000000 Y
PAGE 6
047 000000 Y
048 000000 0.000
048 A010000 400000
048 A020000 0.800
048 B010000 400000
048 B020000 0.720
048 C010000 400000
048 C020000 0.648
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 1200000
048 K020000 0.584
049 000000 N
050 000000 N
051 000000 N
052 000000 N
053 A000000 N
054 A000000 Y
054 B000000 N
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 Y
054 H000000 Y
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056 000000 N
057 000000 N
058 A000000 N
059 000000 Y
060 A000000 Y
PAGE 7
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 Y
070 B020000 N
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 N
070 I020000 N
PAGE 8
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 N
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 N
070 N010000 Y
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 Y
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000 268343
071 B000000 298518
071 C000000 927702
071 D000000 29
072 A000000 6
072 B000000 4
072 C000000 5676
072 D000000 0
072 E000000 0
072 F000000 3521
072 G000000 880
072 H000000 0
072 I000000 53
072 J000000 45
072 K000000 0
072 L000000 152
072 M000000 117
072 N000000 84
072 O000000 0
072 P000000 0
072 Q000000 98
072 R000000 23
072 S000000 64
072 T000000 0
072 U000000 0
072 V000000 0
072 W000000 60
072 X000000 5097
072 Y000000 0
072 Z000000 583
072AA000000 18867
072BB000000 0
072CC010000 0
PAGE 9
072CC020000 106756
072DD010000 29228
072DD020000 0
072EE000000 0
073 A010000 0.1600
073 A020000 0.0000
073 B000000 0.0000
073 C000000 0.0000
074 A000000 3
074 B000000 12314
074 C000000 0
074 D000000 1282
074 E000000 0
074 F000000 826788
074 G000000 0
074 H000000 0
074 I000000 1690
074 J000000 2485
074 K000000 0
074 L000000 981
074 M000000 133
074 N000000 845676
074 O000000 5295
074 P000000 694
074 Q000000 0
074 R010000 0
074 R020000 0
074 R030000 0
074 R040000 155
074 S000000 0
074 T000000 839532
074 U010000 182678
074 U020000 0
074 V010000 4.60
074 V020000 0.00
074 W000000 0.0000
074 X000000 4489
074 Y000000 0
075 A000000 0
075 B000000 937682
076 000000 3.98
077 A000000 Y
077 C000000 Y
078 000000 N
086 A010000 0
086 A020000 0
086 B010000 0
086 B020000 0
086 C010000 0
086 C020000 0
086 D010000 0
PAGE 10
086 D020000 0
086 E010000 0
086 E020000 0
086 F010000 0
086 F020000 0
087 A010000 LIBERTY ALL STAR EQUITY FUND
087 A020000 530158104
087 A030000 USA
088 A000000 N
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE KIM STORMS
TITLE ASSISTANT TREASURER