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Monday, 11/03/2003 11:28:19 AM

Monday, November 03, 2003 11:28:19 AM

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Liberty All-Star Equity Fund Declares Distribution
November 03, 2003 09:32:00 (ET)
BOSTON, Nov 3, 2003 (BUSINESS WIRE) -- The Board of Trustees of Liberty All-Star Equity Fund has declared a distribution of $0.22 per share payable on January 2, 2004 to shareholders of record on November 14, 2003.
The distribution will be paid in newly issued shares to all shareholders except those who are not participating in Liberty All-Star Equity Fund's Dividend Reinvestment Plan and who elect to receive the distribution in cash.
Liberty Asset Management Company is the fund manager of the All-Star Equity Fund, a multi-managed, closed-end investment company with more than $1 billion in net assets. The Fund's shares are listed on the New York Stock Exchange under the symbol USA.
SOURCE: Liberty Asset Management Company
Liberty Asset Management Company
Mark Haley, 617-772-3626
www.all-starfunds.com

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