PAGE  1
000 A000000 06/30/2009
000 C000000 0000799195
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 U
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
020 A000001 GOLDMAN SACHS GROUP, INC.
020 B000001 13-5108880
020 C000001     99
020 A000002 MERRILL LYNCH & CO., INC.
020 B000002 13-2740599
020 C000002     45
020 A000003 JEFFERIES & CO., INC.
020 B000003 95-2622900
020 C000003     36
020 A000004 BARCLAYS CAPITAL, INC.
020 B000004 06-1031656
020 C000004     35
020 A000005 INSTINET LLC
020 B000005 13-2625132
020 C000005     34
020 A000006 CAPITAL INSTITUTIONAL SERVICES, INC.
020 B000006 75-1565705
020 C000006     31
020 A000007 CITIGROUP GLOBAL MARKETS, INC.
020 B000007 11-2418191
020 C000007     30
020 A000008 WEEDON & CO., L.P.
020 B000008 13-3364318
020 C000008     27
020 A000009 KNIGHT EQUITY MARKETS, L.P.
020 B000009 22-3660471
020 C000009     25
020 A000010 DEUTSCHE BANK SECURITIES, INC.
020 B000010 13-2730828
      PAGE  2
020 C000010     22
021  000000      657
022 A000001 STATE STREET BANK & TRUST CO.
022 B000001 04-1867445
022 C000001   1814703
022 D000001         0
022 A000002 GOLDMAN SACHS GROUP, INC.
022 B000002 13-5108880
022 C000002       191
022 D000002        42
022 A000003 DEUTSCHE BANK SECURITIES, INC.
022 B000003 13-2730828
022 C000003       183
022 D000003         0
022 A000004 CRT TRADING, LLC
022 B000004 98-0180345
022 C000004        54
022 D000004        58
022 A000005 JP MORGAN CHASE & CO.
022 B000005 72-1091384
022 C000005        52
022 D000005         0
022 A000006 CREDIT SUISSE SECURITIES (USA) LLC
022 B000006 05-0546650
022 C000006         0
022 D000006        42
022 A000007 ROCHDALE SECURITIES LLC
022 B000007 20-1093348
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    1815183
023 D000000        142
024  000000 Y
025 A000001 STATE STREET BANK & TRUST CO.
025 B000001 04-1867445
025 C000001 D
025 D000001   12388
025 A000002 JP MORGAN CHASE & CO.
025 B000002 72-1091384
025 C000002 E
025 D000002    9096
025 A000003 CITIGROUP GLOBAL MARKETS, INC.
025 B000003 11-2418191
025 C000003 E
025 D000003    2436
      PAGE  3
025 A000004 STATE STREET BANK & TRUST CO.
025 B000004 04-1867445
025 C000004 E
025 D000004    1711
025 A000005 CITIGROUP GLOBAL MARKETS, INC.
025 B000005 11-2418191
025 C000005 E
025 D000005     370
025 D000006       0
025 D000007       0
025 D000008       0
026 A000000 N
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      PAGE  4
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      PAGE  5
074 U010000   182678
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SIGNATURE   KIM STORMS
TITLE       ASSISTANT TREASURER