PAGE  1
000 B000000 12/31/2005
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 FUND
001 B000000 811-4809
001 C000000 6177723626
002 A000000 ONE FINANCIAL CENTER
002 B000000 BOSTON
002 C000000 MA
002 D010000 02110
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
007 C010100  1
008 A000001 BANC OF AMERICA INVESTMENT ADVISORS, INC.
008 B000001 A
008 C000001 801-99999
008 D010001 BOSTON
008 D020001 MA
008 D030001 02110
008 A000002 MATRIX ASSET ADVISORS, INC.
008 B000002 A
008 C000002 801-9999
008 D010002 NEW YORK
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 MASTRAPASQUA ASSET MANAGEMENT, INC.
008 B000005 S
008 C000005 801-43315
008 D010005 NASHVILLE
      PAGE  2
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 BANC OF AMERICA INVESTMENT ADVISORS, INC.
010 B000001 801-9999
010 C010001 BOSTON
010 C020001 MA
010 C030001 02110
012 A000001 COMPUTERSHARE
012 B000001 84-9999
012 C010001 PROVIDENCE
012 C020001 RI
012 C030001 02940
013 A000001 PRICEWATERHOUSECOOPERS LLP
013 B010001 BOSTON
013 B020001 MA
013 B030001 02110
014 A000001 COLUMBIA FINANCIAL CENTER INCORPORATED
014 B000001 8-40537
014 A000002 FLEET SPECIALISTS, INC.
014 B000002 8-52439
014 A000003 FLEET SECURITIES, INC.
014 B000003 8-23522
014 A000004 QUICK & REILLY, INC.
014 B000004 8-017986
014 A000005 COLUMBIA MANAGEMENT DISTRIBUTORS, INC.
014 B000005 8-30683
014 A000006 BANC OF AMERICA SECURITIES, LLC
014 B000006 8-33805
014 A000007 BANC OF AMERICA INVESTMENT SERVICES, INC.
014 B000007 8-42263
014 A000008 BANC OF AMERICA ADVISORS, LLC
014 B000008 8-9999
015 A000001 CITIBANK, N.A.
015 B000001 S
015 C010001 BUENOS AIRES
015 D010001 ARGENTINA
015 E040001 X
015 A000002 WESTPAC BANKING CORPORATION
015 B000002 S
015 C010002 SYDNEY
015 D010002 AUSTRALIA
015 E040002 X
015 A000003 ERSTE BANK DER OESTERREICHISCHEN SPARKASSEN
015 B000003 S
015 C010003 VIENNA
      PAGE  3
015 D010003 AUSTRIA
015 E040003 X
015 A000004 HSBC BANK MIDDLE EAST
015 B000004 S
015 C010004 MANAMA
015 D010004 BAHRAIN
015 E040004 X
015 A000005 STANDARD CHARTERED BANK
015 B000005 S
015 C010005 DHAKA
015 D010005 BANGLADESH
015 E040005 X
015 A000006 FORTIS BANK NV-SA
015 B000006 S
015 C010006 BRUSSELS
015 D010006 BELGIUM
015 E040006 X
015 A000007 SOCIETE GENERALE DE BANQUES EN COTE DIVOIRE
015 B000007 S
015 C010007 ABIDJAN, IVORY COAST
015 D010007 BENIN
015 E040007 X
015 A000008 BANK OF BERMUDA LIMITED
015 B000008 S
015 C010008 HAMILTON
015 D010008 BERMUDA
015 E040008 X
015 A000009 CITIBANK, N.A.
015 B000009 S
015 C010009 LA PAZ
015 D010009 BOLIVIA
015 E040009 X
015 A000010 BARCLAYS BANK OF BOTSWANA LIMITED
015 B000010 S
015 C010010 GABORONE
015 D010010 BOTSWANA
015 E040010 X
015 A000011 CITIBANK, N.A.
015 B000011 S
015 C010011 SAO PAULO
015 D010011 BRAZIL
015 E040011 X
015 A000012 ING BANK N.V.
015 B000012 S
015 C010012 SOFIA
015 D010012 BULGARIA
015 E040012 X
015 A000013 SOCIETE GENERALE DE BANQUES EN COTE DIVOIRE
015 B000013 S
015 C010013 ABIDJAN, IVORY COAST
015 D010013 BURKINA FASO
      PAGE  4
015 E040013 X
015 A000014 STATE STREET TRUST COMPANY CANADA
015 B000014 S
015 C010014 TORONTO
015 D010014 CANADA
015 E040014 X
015 A000015 BANKBOSTON, N.A.
015 B000015 S
015 C010015 SANTIAGO
015 D010015 CHILE
015 E040015 X
015 A000016 HONGKONG AND SHANGHAI BANKING CORP LIMITED
015 B000016 S
015 C010016 SHANGHAI
015 D010016 CHINA
015 E040016 X
015 A000017 HONGKONG AND SHANGHAI BANKING CORP LIMITED
015 B000017 S
015 C010017 SHENZHEN
015 D010017 CHINA
015 E040017 X
015 A000018 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA
015 B000018 S
015 C010018 BOGOTA
015 D010018 COLOMBIA
015 E040018 X
015 A000019 BANCO BCT S.A.
015 B000019 S
015 C010019 SAN JOSE
015 D010019 COSTA RICA
015 E040019 X
015 A000020 PRIVREDNA BANKA ZAGREB D.D.
015 B000020 S
015 C010020 ZAGREB
015 D010020 CROATIA
015 E040020 X
015 A000021 CYPRUS POPULAR BANK LIMITED
015 B000021 S
015 C010021 NICOSIA
015 D010021 CYPRUS
015 E040021 X
015 A000022 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B000022 S
015 C010022 PRAGUE
015 D010022 CZECH REPUBLIC
015 E040022 X
015 A000023 DANSKE BANK A/S
015 B000023 S
015 C010023 COPENHAGEN
015 D010023 DENMARK
015 E040023 X
      PAGE  5
015 A000024 CITIBANK, N.A.
015 B000024 S
015 C010024 QUITO
015 D010024 ECUADOR
015 E040024 X
015 A000025 HSBC BANK EGYPT S.A.E.
015 B000025 S
015 C010025 CAIRO
015 D010025 EGYPT
015 E040025 X
015 A000026 HANSAPANK (HANSABANK)
015 B000026 S
015 C010026 TALLINN
015 D010026 ESTONIA
015 E040026 X
015 A000027 EUROCLEAR
015 B000027 S
015 C010027 BRUSSELS
015 D010027 BELGIUM
015 E040027 X
015 A000028 NORDEA BANK FINLAND PLC.
015 B000028 S
015 C010028 HELSINKI
015 D010028 FINLAND
015 E040028 X
015 A000029 BNP PARIBAS SECURITIES SERVICES, S.A.
015 B000029 S
015 C010029 PARIS
015 D010029 FRANCE
015 E040029 X
015 A000030 DRESDNER BANK AG
015 B000030 S
015 C010030 FRANKFURT
015 D010030 GERMANY
015 E040030 X
015 A000031 BNP PARIBAS SECURITIES SERVICES, S.A.
015 B000031 S
015 C010031 FRANKFURT
015 D010031 GERMANY
015 E040031 X
015 A000032 BARCLAYS BANK OF GHANA LIMITED
015 B000032 S
015 C010032 ACCRA
015 D010032 GHANA
015 E040032 X
015 A000033 NATIONAL BANK OF GREECE S.A.
015 B000033 S
015 C010033 ATHENS
015 D010033 GREECE
015 E040033 X
015 A000034 SOCIETE GENERALE DE BANQUES EN COTE DIVOIRE
      PAGE  6
015 B000034 S
015 C010034 ABIDJAN, IVORY COAST
015 D010034 GUINEA-BISSAU
015 E040034 X
015 A000035 STANDARD CHARTERED BANK
015 B000035 S
015 C010035 HONG KONG
015 D010035 HONG KONG (SAR)
015 E040035 X
015 A000036 HVB BANK HUNGARY RT.
015 B000036 S
015 C010036 BUDAPEST
015 D010036 HUNGARY
015 E040036 X
015 A000037 ICEBANK LIMITED
015 B000037 S
015 C010037 REYKJAVIK
015 D010037 ICELAND
015 E040037 X
015 A000038 HONGKONG AND SHANGHAI BANKING CORP LIMITED
015 B000038 S
015 C010038 MUMBAI
015 D010038 INDIA
015 E040038 X
015 A000039 DEUTSCHE BANK AG
015 B000039 S
015 C010039 MUMBAI
015 D010039 INDIA
015 E040039 X
015 A000040 STANDARD CHARTERED BANK
015 B000040 S
015 C010040 JAKARTA
015 D010040 INDONESIA
015 E040040 X
015 A000041 BANK OF IRELAND
015 B000041 S
015 C010041 DUBLIN
015 D010041 IRELAND
015 E040041 X
015 A000042 BANK HAPOALIM B.M.
015 B000042 S
015 C010042 TEL AVIV
015 D010042 ISRAEL
015 E040042 X
015 A000043 BNP PARIBAS SECURITIES SERVICES, S.A.
015 B000043 S
015 C010043 MILAN
015 D010043 ITALY
015 E040043 X
015 A000044 SCOTIABANK JAMAICA TRUST & MERCHANT BANK LTD
015 B000044 S
      PAGE  7
015 C010044 KINGSTON
015 D010044 JAMAICA
015 E040044 X
015 A000045 THE FUJI BANK, LIMITED
015 B000045 S
015 C010045 TOKYO
015 D010045 JAPAN
015 E040045 X
015 A000046 SUMITOMO MITSUI BANKING CORPORATION
015 B000046 S
015 C010046 TOKYO
015 D010046 JAPAN
015 E040046 X
015 A000047 HSBC BANK MIDDLE EAST
015 B000047 S
015 C010047 AMMAN
015 D010047 JORDAN
015 E040047 X
015 A000048 BARCLAYS BANK OF KENYA LIMITED
015 B000048 S
015 C010048 NAIROBI
015 D010048 KENYA
015 E040048 X
015 A000049 HONGKONG AND SHANGHAI BANKING CORP LIMITED
015 B000049 S
015 C010049 SEOUL
015 D010049 REPUBLIC OF KOREA
015 E040049 X
015 A000050 A/S HANSABANKA
015 B000050 S
015 C010050 RIGA
015 D010050 LATVIA
015 E040050 X
015 A000051 HSBC BANK MIDDLE EAST
015 B000051 S
015 C010051 BEIRUT
015 D010051 LEBANON
015 E040051 X
015 A000052 VILNIAUS BANKAS AB
015 B000052 S
015 C010052 VILNIUS
015 D010052 LITHUANIA
015 E040052 X
015 A000053 CLEARSTREAM BANKING
015 B000053 S
015 C010053 LUXEMBOURG
015 D010053 LUXEMBOURG
015 E040053 X
015 A000054 STANDARD CHARTERED BANK MALAYSIA BERHAD
015 B000054 S
015 C010054 KUALA LUMPUR
      PAGE  8
015 D010054 MALAYSIA
015 E040054 X
015 A000055 SOCIETE GENERALE DE BANQUES EN COTE DIVOIRE
015 B000055 S
015 C010055 ABIDJAN, IVORY COAST
015 D010055 MALI
015 E040055 X
015 A000056 HONGKONG AND SHANGHAI BANKING CORP LIMITED
015 B000056 S
015 C010056 PORT LOUIS
015 D010056 MAURITIUS
015 E040056 X
015 A000057 BANCO NACIONAL DE MEXICO S.A.
015 B000057 S
015 C010057 MEXICO CITY
015 D010057 MEXICO
015 E040057 X
015 A000058 BANQUE COMMERCIALE DU MAROC
015 B000058 S
015 C010058 CASABLANCA
015 D010058 MOROCCO
015 E040058 X
015 A000059 STANDARD BANK NAMIBIA LIMITED
015 B000059 S
015 C010059 WINDHOEK
015 D010059 NAMIBIA
015 E040059 X
015 A000060 FORTIS BANK (NEDERLAND) N.V.
015 B000060 S
015 C010060 AMSTERDAM
015 D010060 NETHERLANDS
015 E040060 X
015 A000061 WESTPAC BANKING CORPORATION
015 B000061 S
015 C010061 WELLINGTON
015 D010061 NEW ZEALAND
015 E040061 X
015 A000062 SOCIETE GENERALE DE BANQUES EN COTE DIVOIRE
015 B000062 S
015 C010062 ABIDJAN, IVORY COAST
015 D010062 NIGER
015 E040062 X
015 A000063 STANBIC BANK NIGERIA LIMITED
015 B000063 S
015 C010063 LAGOS
015 D010063 NIGERIA
015 E040063 X
015 A000064 NORDEA BANK NORGE ASA
015 B000064 S
015 C010064 OSLO
015 D010064 NORWAY
      PAGE  9
015 E040064 X
015 A000065 HSBC BANK MIDDLE EAST
015 B000065 S
015 C010065 MUSCAT
015 D010065 OMAN
015 E040065 X
015 A000066 DEUTSCHE BANK AG
015 B000066 S
015 C010066 KARACHI
015 D010066 PAKISTAN
015 E040066 X
015 A000067 HSBC BANK MIDDLE EAST
015 B000067 S
015 C010067 RAMALLAH
015 D010067 PALESTINE
015 E040067 X
015 A000068 BANKBOSTON, N.A.
015 B000068 S
015 C010068 PANAMA CITY
015 D010068 PANAMA
015 E040068 X
015 A000069 CITIBANK, N.A.
015 B000069 S
015 C010069 LIMA
015 D010069 PERU
015 E040069 X
015 A000070 STANDARD CHARTERED BANK
015 B000070 S
015 C010070 MANILA
015 D010070 PHILIPPINES
015 E040070 X
015 A000071 BANK HANDLOWY W WARSZAWIE S.A.
015 B000071 S
015 C010071 WARSAW
015 D010071 POLAND
015 E040071 X
015 A000072 BANCO COMERCIAL PORTUGUES
015 B000072 S
015 C010072 LISBON
015 D010072 PORTUGAL
015 E040072 X
015 A000073 CITIBANK, N.A.
015 B000073 S
015 C010073 SAN JUAN
015 D010073 PUERTO RICO
015 E040073 X
015 A000074 HSBC BANK MIDDLE EAST
015 B000074 S
015 C010074 DOHA
015 D010074 QATAR
015 E040074 X
      PAGE  10
015 A000075 ING BANK N.V.
015 B000075 S
015 C010075 BUCHAREST
015 D010075 ROMANIA
015 E040075 X
015 A000076 CREDIT SUISSE FIRST BOSTON AO
015 B000076 S
015 C010076 MOSCOW
015 D010076 RUSSIA
015 E040076 X
015 A000077 SOCIETE GENERALE DE BANQUES EN COTE DIVOIRE
015 B000077 S
015 C010077 ABIDJAN, IVORY COAST
015 D010077 SENEGAL
015 E040077 X
015 A000078 THE DEVELOPMENT BANK OF SINGAPORE LIMITED
015 B000078 S
015 C010078 SINGAPORE
015 D010078 SINGAPORE
015 E040078 X
015 A000079 CESKOSLOVENSKA OBCHODNI BANKA A.S.
015 B000079 S
015 C010079 BRATISLAVA
015 D010079 SLOVAK REPUBLIC
015 E040079 X
015 A000080 BANK AUSTRIA CREDITANSTALT D.D.
015 B000080 S
015 C010080 LJUBLJANA
015 D010080 SLOVENIA
015 E040080 X
015 A000081 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B000081 S
015 C010081 JOHANNESBURG
015 D010081 SOUTH AFRICA
015 E040081 X
015 A000082 SANTANDER CENTRAL HISPANO S.A.
015 B000082 S
015 C010082 MADRID
015 D010082 SPAIN
015 E040082 X
015 A000083 HONGKONG AND SHANGHAI BANKING CORP LIMITED
015 B000083 S
015 C010083 COLOMBO
015 D010083 SRI LANKA
015 E040083 X
015 A000084 STANDARD BANK SWAZILAND LIMITED
015 B000084 S
015 C010084 MBABANE
015 D010084 SWAZILAND
015 E040084 X
015 A000085 SKANDINAVISKA ENSKILDA BANKEN
      PAGE  11
015 B000085 S
015 C010085 STOCKHOLM
015 D010085 SWEDEN
015 E040085 X
015 A000086 UBS AG
015 B000086 S
015 C010086 ZURICH
015 D010086 SWITZERLAND
015 E040086 X
015 A000087 CENTRAL TRUST OF CHINA
015 B000087 S
015 C010087 TAIPEI
015 D010087 TAIWAN (R.O.C.)
015 E040087 X
015 A000088 STANDARD CHARTERED BANK
015 B000088 S
015 C010088 BANGKOK
015 D010088 THAILAND
015 E040088 X
015 A000089 SOCIETE GENERALE DE BANQUES EN COTE D'IVOIRE
015 B000089 S
015 C010089 ABIDJAN, IVORY COAST
015 D010089 TOGO
015 E040089 X
015 A000090 REPUBLIC BANK LIMITED
015 B000090 S
015 C010090 PORT-OF-SPAIN
015 D010090 TRINIDAD & TOBAGO
015 E040090 X
015 A000091 BANQUE INTERNATIONALE ARABE DE TUNISIE
015 B000091 S
015 C010091 TUNIS
015 D010091 TUNISIA
015 E040091 X
015 A000092 CITIBANK, N.A.
015 B000092 S
015 C010092 ISTANBUL
015 D010092 TURKEY
015 E040092 X
015 A000093 ING BANK UKRAINE
015 B000093 S
015 C010093 KIEV
015 D010093 UKRAINE
015 D020093 04070
015 E040093 X
015 A000094 HSBC BANK MIDDLE EAST
015 B000094 S
015 C010094 DUBAI
015 D010094 UNITED ARAB EMIRATES
015 E040094 X
015 A000095 STATE STREET BANK AND TRUST COMPANY
      PAGE  12
015 B000095 S
015 C010095 LONDON
015 D010095 UNITED KINGDOM
015 E040095 X
015 A000096 STATE STREET BANK AND TRUST COMPANY
015 B000096 C
015 C010096 BOSTON
015 C020096 MA
015 C030096 02110
015 D010096 UNITED STATES
015 E010096 X
015 A000097 BANKBOSTON, N.A.
015 B000097 S
015 C010097 MONTEVIDEO
015 D010097 URUGUAY
015 E040097 X
015 A000098 CITIBANK, N.A.
015 B000098 S
015 C010098 CARACAS
015 D010098 VENEZUELA
015 E040098 X
015 A000099 HONGKONG AND SHANGHAI BANKING CORP LIMITED
015 B000099 S
015 C010099 HO CHI MINH CITY
015 D010099 VIETNAM
015 E040099 X
018  000000 Y
019 A000000 Y
019 B000000    2
019 C000000 LAMCOFUNDS
020 A000001 LYNCH, JONES & RYAN
020 B000001 13-2563801
020 C000001    232
020 A000002 JEFFERIES COMPANY, INC.
020 B000002 95-2622900
020 C000002    125
020 A000003 BANK OF NEW YORK
020 B000003 13-4941102
020 C000003    115
020 A000004 UBS WARBURG
020 B000004 13-3873456
020 C000004    103
020 A000005 MERRILL LYNCH & CO., INC.
020 B000005 13-5674085
020 C000005     85
020 A000006 DONALDSON, LUFKIN & JENRETTE
020 B000006 13-2741729
020 C000006     80
020 A000007 GOLDMAN, SACHS & CO.
020 B000007 13-5108880
020 C000007     67
      PAGE  13
020 A000008 SANFORD C. BERNSTEIN & CO.
020 B000008 13-2625874
020 C000008     65
020 A000009 UNX, INC.
020 C000009     63
020 A000010 ROCHDALE SECURITIES CORP.
020 B000010 13-3360814
020 C000010     61
021  000000     1707
022 A000001 MORGAN STANLEY
022 B000001 13-2655998
022 C000001       267
022 D000001         0
023 C000000        267
023 D000000          0
024  000000 Y
025 A000001 MORGAN STANLEY
025 B000001 13-2655998
025 C000001 E
025 D000001   21784
025 A000002 BANK OF NEW YORK
025 B000002 13-4941102
025 C000002 E
025 D000002    9268
025 A000003 JPMORGAN CHASE & CO.
025 B000003 13-3112953
025 C000003 E
025 D000003   28101
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
      PAGE  14
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
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 N
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
      PAGE  15
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 Y
053 B000000 Y
053 C000000 N
054 A000000 Y
054 B000000 N
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 N
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 Y
054 N000000 Y
054 O000000 N
055 A000000 N
055 B000000 N
056  000000 Y
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
      PAGE  16
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
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
      PAGE  17
070 O020000 N
070 P010000 Y
070 P020000 N
070 Q010000 Y
070 Q020000 N
070 R010000 Y
070 R020000 N
071 A000000    601698
071 B000000    660936
071 C000000   1301814
071 D000000   46
072 A000000 12
072 B000000     1083
072 C000000    14530
072 D000000        0
072 E000000        0
072 F000000     9340
072 G000000     2335
072 H000000        0
072 I000000      160
072 J000000       76
072 K000000        0
072 L000000      333
072 M000000      131
072 N000000      228
072 O000000        0
072 P000000        0
072 Q000000      203
072 R000000        0
072 S000000        0
072 T000000        0
072 U000000        0
072 V000000        0
072 W000000      249
072 X000000    13055
072 Y000000        0
072 Z000000     2558
072AA000000    83343
072BB000000        0
072CC010000        0
072CC020000    20826
072DD010000     2558
072DD020000        0
072EE000000   128055
073 A010000   0.0200
073 A020000   0.0000
073 B000000   0.5600
073 C000000   0.2900
074 A000000        0
074 B000000    41403
074 C000000        0
      PAGE  18
074 D000000        0
074 E000000        0
074 F000000  1342835
074 G000000        0
074 H000000        0
074 I000000     1569
074 J000000     3682
074 K000000        0
074 L000000     1066
074 M000000        2
074 N000000  1390557
074 O000000     4502
074 P000000     1005
074 Q000000        0
074 R010000        0
074 R020000        0
074 R030000        0
074 R040000    16888
074 S000000        0
074 T000000  1368162
074 U010000   154598
074 U020000        0
074 V010000     8.85
074 V020000     0.00
074 W000000   0.0000
074 X000000        0
074 Y000000        0
075 A000000        0
075 B000000  1314484
076  000000     8.28
077 A000000 Y
077 B000000 Y
077 E000000 N
077 Q010000 Y
077 Q020000 Y
078  000000 N
080 A000000 ICI MUTUAL INSURANCE COMPANY
080 B000000 N/A
080 C000000    35000
081 A000000 Y
081 B000000 100
082 A000000 N
082 B000000        0
083 A000000 N
083 B000000        0
084 A000000 N
084 B000000        0
085 A000000 Y
085 B000000 N
086 A010000      0
086 A020000      0
      PAGE  19
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   DOUGLAS RODES
TITLE       VICE PRESIDENT