PAGE  1
000 B000000 12/31/2014
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 3036232577
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
008 A000001 ALPS ADVISORS, INC.
008 B000001 A
008 C000001 801-67135
008 D010001 DENVER
008 D020001 CO
008 D030001 80203
008 A000002 CORNERSTONE CAPITAL MANAGEMENT LLC
008 B000002 S
008 C000002 801-45262
008 D010002 MINNEAPOLIS
008 D020002 MN
008 D030002 55435
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 NEW YORK
008 D020005 NY
      PAGE  2
008 D030005 10017
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 COLLEGE STATION
012 C020001 TX
012 C030001 77842
013 A000001 DELOITTE & TOUCHE LLP
013 B010001 DENVER
013 B020001 CO
013 B030001 80202
014 A000001 ALPS PORTFOLIO SOLUTIONS DISTRIBUTOR, INC.
014 B000001 8-67659
014 A000002 ALPS DISTRIBUTORS, INC.
014 B000002 8-34626
015 A000001 STATE STREET CORPORATION
015 B000001 C
015 C010001 BOSTON
015 C020001 MA
015 C030001 02111
015 E010001 X
018  000000 Y
019 A000000 Y
019 B000000    2
019 C000000 ALLSTARFND
020 A000001 BNY CONVERGEX EXECUTION SOLUTIONS LLC
020 B000001 13-3989198
020 C000001     193
020 A000002 MERRILL LYNCH & CO., INC.
020 B000002 13-2740599
020 C000002      59
020 A000003 JP MORGAN CHASE & CO.
020 B000003 13-2624428
020 C000003      46
020 A000004 CREDIT SUISSE SECURITIES (USA) LLC.
020 B000004 05-0546650
020 C000004      46
020 A000005 JEFFERIES & CO., INC
020 B000005 95-2622900
020 C000005      40
020 A000006 INSTINET LLC
      PAGE  3
020 B000006 13-2625132
020 C000006      39
020 A000007 GATEWAY TRADING
020 C000007      39
020 A000008 MORGAN STANLEY & CO., INC.
020 B000008 13-2655998
020 C000008      37
020 A000009 GOLDMAN SACHS & CO.
020 B000009 13-5108880
020 C000009      20
020 A000010 WESTMINSTER RESEARCH ASSOCIATES LLC
020 B000010 13-3088032
020 C000010      18
021  000000       718
022 A000001 MERRILL LYNCH & CO., INC.
022 B000001 13-2740599
022 C000001       3552
022 D000001          0
022 A000002 BARCLAYS CAPITAL, INC.
022 B000002 06-1031656
022 C000002       3104
022 D000002          0
022 A000003 GOLDMAN SACHS & CO.
022 B000003 13-5108880
022 C000003        505
022 D000003          0
022 A000004 MORGAN STANLEY & CO., INC
022 B000004 13-2655998
022 C000004         39
022 D000004          0
023 C000000        7649
023 D000000           0
024  000000 Y
025 A000001 BARCLAYS CAPITAL, INC.
025 B000001 06-1031656
025 C000001 E
025 D000001     3929
025 A000002 JP MORGAN CHASE & CO.
025 B000002 13-2624428
025 C000002 E
025 D000002    26690
025 A000003 MORGAN STANLEY & CO, INC.
025 B000003 13-2655998
025 C000003 E
025 D000003    13858
025 A000004 GOLDMAN SACHS & CO.
025 B000004 13-5108880
025 C000004 E
025 D000004     7259
026 A000000 N
026 B000000 Y
      PAGE  4
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 Y
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 N
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
054 K000000 N
054 L000000 N
      PAGE  5
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
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
      PAGE  6
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 Y
070 L010000 Y
070 L020000 Y
070 M010000 Y
070 M020000 N
070 N010000 Y
070 N020000 Y
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     421721
071 B000000     463867
071 C000000    1161267
071 D000000   36
072 A000000 12
072 B000000         3
072 C000000     15954
072 D000000         0
072 E000000        17
072 F000000      8554
072 G000000      2138
072 H000000         0
072 I000000       113
072 J000000       103
072 K000000         0
072 L000000       150
072 M000000       232
072 N000000       154
072 O000000         0
072 P000000         0
072 Q000000       195
072 R000000        49
072 S000000       335
072 T000000         0
072 U000000         0
      PAGE  7
072 V000000         0
072 W000000       169
072 X000000     12192
072 Y000000         0
072 Z000000      3782
072AA000000     47268
072BB000000         0
072CC010000     44084
072CC020000         0
072DD010000     14835
072DD020000         0
072EE000000     52825
073 A010000    0.0839
073 A020000    0.0000
073 B000000    0.2988
073 C000000    0.0073
074 A000000         3
074 B000000     40525
074 C000000         0
074 D000000         0
074 E000000         0
074 F000000   1196958
074 G000000         0
074 H000000         0
074 I000000     15594
074 J000000      5809
074 K000000         0
074 L000000      1063
074 M000000         2
074 N000000   1259954
074 O000000      7445
074 P000000       742
074 Q000000         0
074 R010000         0
074 R020000         0
074 R030000         0
074 R040000     27065
074 S000000         0
074 T000000   1224702
074 U010000    179031
074 U020000         0
074 V010000      6.84
074 V020000      0.00
074 W000000    0.0000
074 X000000      3472
074 Y000000         0
075 A000000         0
075 B000000   1184343
076  000000      5.98
077 A000000 Y
077 B000000 Y
      PAGE  8
078  000000 N
080 A000000 ST. PAUL FIRE & MARINE INSURANCE COMPANY
080 C000000      2000
081 A000000 Y
081 B000000    1
082 A000000 Y
082 B000000        25
083 A000000 N
083 B000000         0
084 A000000 N
084 B000000         0
085 A000000 Y
085 B000000 N
086 A010000    3609
086 A020000   21199
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       Treasurer