PAGE 1 000 A000000 06/30/2008 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 CHASE INVESTMENT COUNSEL CORP. 008 B000002 S 008 C000002 801-9999 008 D010002 NEW YORK PAGE 3 008 D020002 NY 008 D030002 10017 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 GOLDMAN SACHS & CO. 020 B000001 13-5108880 020 C000001 194 020 A000002 LEHMAN BROTHERS, INC. 020 B000002 13-2518466 020 C000002 74 020 A000003 MERRILL LYNCH & CO., INC. 020 B000003 13-2740599 020 C000003 62 020 A000004 INSTINET LLC 020 B000004 13-2625132 020 C000004 50 020 A000005 JEFFRIES & CO, INC. 020 B000005 95-2622900 020 C000005 42 020 A000006 LIQUIDNET, INC. 020 B000006 13-4095933 020 C000006 41 020 A000007 FACTSET DATA SYSTEMS 020 B000007 13-2953224 020 C000007 35 020 A000008 DEUTSCHE BANK SECURITIES, INC. 020 B000008 13-2730828 020 C000008 35 020 A000009 JP MORGAN CHASE & CO. 020 B000009 72-1091384 020 C000009 32 020 A000010 CREDIT SUISSE SECURITIES (USA) LLC 020 B000010 05-0546650 020 C000010 27 021 000000 1024 022 A000001 STATE STREET BANK & TRUST CO. 022 B000001 04-1867445 022 C000001 5621396 022 D000001 0 022 A000002 LEHMAN BROTHERS, INC. 022 B000002 13-2518466 022 C000002 12242 022 D000002 220 022 A000003 JP MORGAN CHASE & CO. 022 B000003 72-1091384 022 C000003 1705 022 D000003 0 022 A000004 CITIGROUP GLOBAL MARKETS, INC. PAGE 5 022 B000004 11-2418191 022 C000004 1516 022 D000004 0 022 A000005 CRT TRADING, LLC 022 B000005 98-0180345 022 C000005 808 022 D000005 0 022 A000006 GOLDMAN SACHS & CO. 022 B000006 13-5108880 022 C000006 518 022 D000006 0 022 A000007 WACHOVIA SECURITIES, LLC 022 B000007 34-1542819 022 C000007 216 022 D000007 0 022 C000008 0 022 D000008 0 022 C000009 0 022 D000009 0 022 C000010 0 022 D000010 0 023 C000000 5638401 023 D000000 220 024 000000 Y 025 A000001 STATE STREET BANK & TRUST CO. 025 B000001 04-1867445 025 C000001 D 025 D000001 43553 025 A000002 CITIGROUP GLOBAL MARKETS, INC. 025 B000002 11-2418191 025 C000002 E 025 D000002 20192 025 A000003 JP MORGAN CHASE & CO. 025 B000003 72-1091384 025 C000003 E 025 D000003 10693 025 A000004 WACHOVIA SECURITIES, LLC 025 B000004 34-1542819 025 C000004 E 025 D000004 5873 025 A000005 MERRILL LYNCH & CO., INC. 025 B000005 13-2740599 025 C000005 E 025 D000005 5771 025 A000006 LEHMAN BROTHERS, INC. 025 B000006 13-2518466 025 C000006 E 025 D000006 3178 025 A000007 GOLDMAN SACHS & CO. 025 B000007 13-5108880 025 C000007 E PAGE 6 025 D000007 1268 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 028 A010000 0 028 A020000 0 028 A030000 0 028 A040000 0 028 B010000 0 028 B020000 0 028 B030000 0 028 B040000 0 028 C010000 0 028 C020000 0 028 C030000 0 028 C040000 0 028 D010000 0 028 D020000 0 028 D030000 0 028 D040000 0 028 E010000 0 028 E020000 0 028 E030000 0 028 E040000 0 028 F010000 0 028 F020000 0 028 F030000 0 028 F040000 0 028 G010000 0 028 G020000 0 028 G030000 0 028 G040000 0 028 H000000 0 030 A000000 0 030 B000000 0.00 030 C000000 0.00 031 A000000 0 031 B000000 0 032 000000 0 033 000000 0 035 000000 0 036 B000000 0 038 000000 0 PAGE 7 042 A000000 0 042 B000000 0 042 C000000 0 042 D000000 0 042 E000000 0 042 F000000 0 042 G000000 0 042 H000000 0 043 000000 0 044 000000 0 045 000000 Y 046 000000 Y 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 PAGE 8 054 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 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 PAGE 9 070 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 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 535024 071 B000000 572002 071 C000000 1276697 071 D000000 42 072 A000000 6 072 B000000 552 072 C000000 11793 072 D000000 0 072 E000000 0 072 F000000 4640 072 G000000 1160 072 H000000 0 072 I000000 63 072 J000000 46 072 K000000 0 072 L000000 152 072 M000000 103 072 N000000 23 072 O000000 0 072 P000000 0 072 Q000000 123 PAGE 10 072 R000000 22 072 S000000 76 072 T000000 0 072 U000000 0 072 V000000 0 072 W000000 58 072 X000000 6466 072 Y000000 0 072 Z000000 5879 072AA000000 29403 072BB000000 0 072CC010000 0 072CC020000 221478 072DD010000 67897 072DD020000 0 072EE000000 0 073 A010000 0.3800 073 A020000 0.0000 073 B000000 0.0000 073 C000000 0.0000 074 A000000 3 074 B000000 43553 074 C000000 0 074 D000000 1746 074 E000000 4165 074 F000000 1138317 074 G000000 0 074 H000000 0 074 I000000 2924 074 J000000 6674 074 K000000 0 074 L000000 1718 074 M000000 170 074 N000000 1199270 074 O000000 9532 074 P000000 936 074 Q000000 0 074 R010000 0 074 R020000 0 074 R030000 0 074 R040000 313 074 S000000 0 074 T000000 1188489 074 U010000 178677 074 U020000 0 074 V010000 6.65 074 V020000 0.00 074 W000000 0.0000 074 X000000 4807 074 Y000000 0 075 A000000 0 PAGE 11 075 B000000 1313189 076 000000 5.87 077 A000000 Y 077 Q010000 Y 078 000000 N 086 A010000 0 086 A020000 36 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 086 D010000 0 086 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