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LIBERTY ALL-STAR ANNOUNCES NEW PORTFOLIO MANAGER

 BOSTON, June 25 /PRNewswire/ -- The trustees of Liberty ALL-STAR Equity Fund (NYSE: USA) have appointed Palley-Needelman Asset Management, Inc. of Newport Beach, Calif., as one of the Fund's five portfolio managers, effective July 1.
 Palley-Needelman Asset Management, a value-style portfolio manager, replaces Newbold's Asset Management Company, Inc. The other four portfolio managers are: Cooke & Bieler, Inc.; Columbus Circle Investors, a division of Thomson Advisory Group L.P.; Oppenheimer Capital; and Provident Investment Counsel, Inc. The Fund manager is Liberty Asset Management Company.
 Liberty ALL-STAR Equity Fund is a multi-managed, closed-end investment company with net assets over $650 million. Its shares are listed on the New York Stock Exchange under the symbol USA.
 -0- 6/25/93
 /CONTACT: William Rice of Liberty ALL-STAR Equity Fund, 617-722-0897/
 (USA)


CO: Liberty ALL-STAR Equity Fund ST: Massachusetts IN: FIN SU: FNC

DJ -- NE005 -- 5705 06/25/93 11:57 EDT
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Publication:PR Newswire
Date:Jun 25, 1993
Words:146
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