UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934*
(Amendment No. 4)
Liberty ALL*STAR Equity Fund
(Name of Issuer)
Shares of Beneficial Interest
(Title of Class of Securities)
530158104
(CUSIP Number)
COPY TO:
Christopher C. Mansfield, Esq.
Senior Vice President and General Counsel
Liberty Mutual Insurance Company
175 Berkeley Street
Boston, Massachusetts 02117
(Name, Address and Telephone Number of Persons Authorized to Receive Notices and
Communications)
May 6, 2003
(Dates of Events which Require Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss.240.13d-1(e), 240.13d-1(f) or 240.13d-1(g) check the
following box [ ]
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.240.13d-7 for other
parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
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Page 2 of 15 Pages SCHEDULE 13D
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1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Liberty Mutual Insurance Company, IRS Identification No. 04-1543470
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) X
(b) [ ]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
Filing pertains to sale of shares. Original source of funds for
purchases was WC.
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [ ]
PURSUANT TO ITEM 2(d) or 2(e)
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Commonwealth of Massachusetts
--------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES Less than 5%.
BENEFICIALLY -----------------------------------------------------
OWNED BY
EACH 8. SHARED VOTING POWER
REPORTING 0
PERSON -----------------------------------------------------
WITH
9. SOLE DISPOSITIVE POWER
Less than 5%.
-----------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Less than 5%.
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 5%.
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IC
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Page 2 of 15 Pages
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Page 3 of 15 Pages SCHEDULE 13D
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1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
Liberty Mutual Fire Insurance Company, IRS Identification
No. 04-1924000
--------------------------------------------------------------------------------
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) X
(b) [ ]
--------------------------------------------------------------------------------
3. SEC USE ONLY
--------------------------------------------------------------------------------
4. SOURCE OF FUNDS
Filing pertains to sale of shares. Original source of funds for
purchases was WC.
--------------------------------------------------------------------------------
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED [ ]
PURSUANT TO ITEM 2(d) or 2(e)
N/A
--------------------------------------------------------------------------------
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Commonwealth of Massachusetts
--------------------------------------------------------------------------------
NUMBER OF 7. SOLE VOTING POWER
SHARES Less than 5%.
BENEFICIALLY -----------------------------------------------------
OWNED BY
EACH 8. SHARED VOTING POWER
REPORTING 0
PERSON -----------------------------------------------------
WITH
9. SOLE DISPOSITIVE POWER
Less than 5%.
-----------------------------------------------------
10. SHARED DISPOSITIVE POWER
0
--------------------------------------------------------------------------------
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
Less than 5%.
--------------------------------------------------------------------------------
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
--------------------------------------------------------------------------------
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
Less than 5%.
--------------------------------------------------------------------------------
14. TYPE OF REPORTING PERSON
IC
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Page 3 of 15 Pages
Item 1. Security and Issuer.
The class of equity security to which this statement relates is shares
of Beneficial Interest of Liberty ALL-STAR Equity Fund (the "Issuer"), a
Massachusetts business trust and closed-end investment company registered under
the Investment Company Act of 1940, as amended (the "1940 Act"). The shares are
listed on the New York Stock Exchange, the Midwest Stock Exchange, the Pacific
Stock Exchange, the Philadelphia Stock Exchange and the Boston Stock Exchange.
Item 2. Identity and Background.
This statement is being filed on behalf of the following persons:
Liberty Mutual Insurance Company ("Liberty Mutual"), a Massachusetts
stock insurance company, 175 Berkeley Street, Boston, Massachusetts 02117.
Liberty Mutual's principal business is property and casualty insurance.
Liberty Mutual Fire Insurance Company ("Liberty Fire"), a Massachusetts
stock insurance company, 175 Berkeley Street, Boston, Massachusetts 02117.
Liberty Fire's principal business is property and casualty insurance.
Liberty Mutual and Liberty Fire are affiliated by virtue of ownership
by the same ultimate parent corporation, Liberty Mutual Holding Company Inc.
Both Liberty Mutual and Liberty Fire are insurance companies as defined in
section 3(a)(19) of the Securities Exchange Act of 1934 (the "1934 Act").
In accordance with the provisions of General Instruction C to Schedule
13D, information concerning the directors, executive officers and controlling
persons of Liberty Mutual and Liberty Fire, each of whom is a United States
citizen, required by Item 2 of Schedule 13D is listed on Schedule A hereto and
is incorporated by reference herein.
Within the last five years, neither Liberty Mutual nor Liberty Fire,
nor to the best of their respective knowledge, any executive officer or director
of Liberty Mutual or Liberty Fire, has been convicted in a criminal proceeding
(excluding traffic violations or similar misdemeanors) or has been a party to a
civil proceeding or a judicial or administrative body of competent jurisdiction
and as a result of such proceeding was or is subject to a judgment, decree or
final order prohibiting or mandating activities subject to, federal or state
securities laws or finding any violation with respect to such laws.
Item 3. Source and Amount of Funds or Other Consideration.
a). Liberty Mutual - not applicable as this filing is due to open
market sales of the shares (original source of funds for
initial purchases was WC).
b). Liberty Fire - not applicable as this filing is due to open
market sales of the shares (original source of funds for
initial purchases was WC).
Page 4 of 15 Pages
Item 4. Purpose of Transaction.
On April 22, 2003, Liberty Mutual and Liberty Fire filed Amendment No.
3 to this Schedule 13D due to the sale of additional shares. At that time,
Liberty Mutual and Liberty Fire indicated plans to continue selling shares until
their aggregate holdings represented less than 5% of the Issuer's securities.
Liberty Mutual has subsequently sold additional shares resulting in Liberty
Mutual and Liberty Fire collectively holding less than 5% of the Issuer's
securities.
Item 5. Interest in Securities of the Issuer.
(a) The Reporting Persons beneficially own an aggregate of less than
5% of the beneficial interest of the Issuer and less than 5% of the total shares
issued and outstanding, as reflected in the most recently available filing with
the Securities and Exchange Commission by the Issuer.
Liberty Mutual beneficially owns less than 5% of the total issued and
outstanding shares of beneficial interest of the Issuer.
Liberty Fire beneficially owns less than 5% of the total issued and
outstanding shares of beneficial interest of the Issuer.
(b)(1) Liberty Mutual has the sole power to vote or direct the vote of,
and the sole power to dispose or direct the disposition of, less than 5% of the
total issued and outstanding shares of beneficial interest of the Issuer.
Liberty Mutual has no shared power to either vote or dispose of the shares.
(b)(2) Liberty Fire has the sole power to vote or direct the vote, and
the sole power to dispose of or to direct the disposition of, less than 5% of
the total issued and outstanding shares of beneficial interest of the Issuer.
Liberty Fire has no shared power to either vote or dispose of the shares.
(c) See Schedule B attached hereto, and by reference incorporated
herein, describing transactions in the shares of Issuer effected within the past
sixty days by the Reporting Persons.
(d) With respect to Liberty Mutual and Liberty Fire, to the best of
their knowledge, no other person is known to have the right to receive or the
power to direct the receipt of dividends from, or the proceedings from the sale
of, such securities, where such interest relates to either more or less than
five percent of the class.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understanding or Relationships with Respect to
Securities of the Issuer.
To the best of their respective knowledge, the Reporting Persons do not
have any contracts, arrangements, understandings or relationship with any person
with respect to the securities of the Issuer, regarding the transfer or voting
of such securities, finders fees, joint ventures, loan or option arrangements,
puts or calls, guarantees of profits, division of profits or loss, or the giving
or withholding of proxies.
Page 5 of 15 Pages
Item 7. Material to be Filed as Exhibits.
Exhibit A. Amended Schedule 13D Joint Filing Agreement dated
May 13, 2003
Page 6 of 15 Pages
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
LIBERTY MUTUAL INSURANCE COMPANY
By: /s/ A. Alexander Fontanes
-------------------------------------------------------------------
A. Alexander Fontanes
Senior Vice President and
Chief Investment Officer
LIBERTY MUTUAL FIRE INSURANCE COMPANY
By: /s/ A. Alexander Fontanes
--------------------------------------------------------------------
A. Alexander Fontanes
Senior Vice President and
Chief Investment Officer
Dated this 13th day of May, 2003
Page 7 of 15 Pages
SCHEDULE A
Controlling Persons
Liberty Mutual Insurance Company, a Massachusetts stock insurance company and
Liberty Mutual Fire Insurance Company, a Massachusetts stock insurance company
are indirect subsidiaries of Liberty Mutual Holding Company Inc., a
Massachusetts mutual holding company. Liberty Mutual Holding Company Inc. is the
ultimate controlling person of Liberty Mutual Insurance Company and Liberty
Mutual Fire Insurance Company. Liberty Mutual Holding Company Inc. is a mutual
holdings company wherein its members are entitled to vote at meetings of the
company. No such member is entitled to cast 10% or more of the votes. Liberty
Mutual Holding Company Inc. has issued no voting securities.
The officer and director information for Liberty Mutual Insurance Company,
Liberty Mutual Fire Insurance Company and Liberty Mutual Holding Company Inc. is
as follows:
Liberty Mutual Insurance Company
--------------------------------
c/o Liberty Mutual Insurance Company
175 Berkeley Street
Boston, Massachusetts 02117
Executive Officers
Edmund F. Kelly
Chairman of the Board,
President and
Chief Executive Officer
Citizenship: U.S.A.
J. Paul Condrin II
Executive Vice President
Citizenship: U.S.A.
Gary R. Gregg
Executive Vice President
Citizenship: U.S.A.
Roger L. Jean
Executive Vice President
Citizenship: U.S.A.
Thomas C. Ramey
Executive Vice President
Citizenship: U.S.A.
Dennis J. Langwell
Senior Vice President,
Chief Financial Officer and
Comptroller
Citizenship: U.S.A.
A. Alexander Fontanes
Senior Vice President and
Chief Investment Officer
Citizenship: U.S.A.
Christopher C. Mansfield
Senior Vice President and
General Counsel
Citizenship: U.S.A.
Helen E.R. Sayles
Senior Vice President
Citizenship: U.S.A.
Stephen G. Sullivan
Senior Vice President
Citizenship: U.S.A.
Dexter R. Legg
Vice President and Secretary
Citizenship: U.S.A.
Robert T. Muleski
Vice President and
Corporate Actuary
Citizenship: U.S.A.
Juliana M. Coyle
Vice President and Treasurer
Citizenship: U.S.A.
Judith M. Arnost
Assistant Treasurer
Citizenship: U.S.A.
Diane S. Bainton
Assistant Secretary
Citizenship: U.S.A.
Page 8 of 15 Pages
Liberty Mutual Insurance Company
--------------------------------
c/o Liberty Mutual Insurance Company
175 Berkeley Street
Boston, Massachusetts 02117
Directors
J. Paul Condrin II
Executive Vice President
Citizenship: U.S.A.
Dennis J. Langwell
Senior Vice President,
Chief Financial Officer and
Comptroller
Citizenship: U.S.A.
A. Alexander Fontanes
Senior Vice President and
Chief Investment Officer
Citizenship: U.S.A.
Gary R. Gregg
Executive Vice President
Citizenship: U.S.A.
Edmund F. Kelly
Chairman of the Board,
President and
Chief Executive Officer
Citizenship: U.S.A.
Christopher C. Mansfield
Senior Vice President and
General Counsel
Citizenship: U.S.A.
Thomas C. Ramey
Executive Vice President
Citizenship: U.S.A.
Executive Officers and Directors of Ultimate Control Person
Page 9 of 15 Pages
Liberty Mutual Fire Insurance Company
-------------------------------------
c/o Liberty Mutual Insurance Company
175 Berkeley Street
Boston, Massachusetts 02117
Executive Officers
Edmund F. Kelly
Chairman of the Board,
President and
Chief Executive Officer
Citizenship: U.S.A.
J. Paul Condrin II
Executive Vice President
Citizenship: U.S.A.
Gary R. Gregg
Executive Vice President
Citizenship: U.S.A.
Roger L. Jean
Executive Vice President
Citizenship: U.S.A.
Thomas C. Ramey
Executive Vice President
Citizenship: U.S.A.
Dennis J. Langwell
Senior Vice President,
Chief Financial Officer and
Comptroller
Citizenship: U.S.A.
A. Alexander Fontanes
Senior Vice President and
Chief Investment Officer
Citizenship: U.S.A.
Christopher C. Mansfield
Senior Vice President
and General Counsel
Citizenship: U.S.A.
Helen E.R. Sayles
Senior Vice President
Citizenship: U.S.A.
Stephen G. Sullivan
Senior Vice President
Citizenship: U.S.A.
Dexter R. Legg
Vice President and Secretary
Citizenship: U.S.A.
Robert T. Muleski
Vice President and
Corporate Actuary
Citizenship: U.S.A.
Juliana M. Coyle
Vice President and Treasurer
Citizenship: U.S.A.
Judith M. Arnost
Assistant Treasurer
Citizenship: U.S.A.
Diane S. Bainton
Assistant Secretary
Citizenship: U.S.A.
Page 10 of 15 Pages
Liberty Mutual Fire Insurance Company
-------------------------------------
c/o Liberty Mutual Insurance Company
175 Berkeley Street
Boston, Massachusetts 02117
Directors
J. Paul Condrin II
Executive Vice President
Citizenship: U.S.A.
Dennis J. Langwell
Senior Vice President,
Chief Financial Officer and
Comptroller
Citizenship: U.S.A.
A. Alexander Fontanes
Senior Vice President and
Chief Investment Officer
Citizenship: U.S.A.
Gary R. Gregg
Executive Vice President
Citizenship: U.S.A.
Edmund F. Kelly
Chairman of the Board,
President and
Chief Executive Officer
Citizenship: U.S.A.
Christopher C. Mansfield
Senior Vice President and
General Counsel
Citizenship: U.S.A.
Thomas C. Ramey
Executive Vice President
Citizenship: U.S.A.
Executive Officers and Directors of Ultimate Control Person
Page 11 of 15 Pages
Liberty Mutual Holding Company Inc.
-----------------------------------
c/o Liberty Mutual Insurance Company
175 Berkeley Street
Boston, Massachusetts 02117
Officers
Edmund F. Kelly
Chairman of the Board,
President and
Chief Executive Officer
Citizenship: U.S.A.
J. Paul Condrin II
Executive Vice President
Citizenship: U.S.A.
Gary R. Gregg
Executive Vice President
Citizenship: U.S.A.
Roger L. Jean
Executive Vice President
Citizenship: U.S.A.
Thomas C. Ramey
Executive Vice President
Citizenship: U.S.A.
Dennis J. Langwell
Senior Vice President,
Chief Financial Officer and
Comptroller
Citizenship: U.S.A.
A. Alexander Fontanes
Senior Vice President and
Chief Investment Officer
Citizenship: U.S.A.
Christopher C. Mansfield
Senior Vice President and
General Counsel
Citizenship: U.S.A.
Helen E.R. Sayles
Senior Vice President
Citizenship: U.S.A.
Stephen G. Sullivan
Senior Vice President
Citizenship: U.S.A.
Dexter R. Legg
Vice President and Secretary
Citizenship: U.S.A.
Robert T. Muleski
Vice President and
Corporate Actuary
Citizenship: U.S.A.
Juliana M. Coyle
Vice President and Treasurer
Citizenship: U.S.A.
Judith M. Arnost
Assistant Treasurer
Citizenship: U.S.A.
Diane S. Bainton
Assistant Secretary
Citizenship: U.S.A.
Page 12 of 15 Pages
Liberty Mutual Holding Company Inc.
-----------------------------------
Directors
Michael J. Babcock
Private Investor
c/o Liberty Mutual
Insurance Company
175 Berkeley Street
Boston, Massachusetts 02117
Citizenship: U.S.A.
Gary C. Butler
President and
Chief Operating Officer
c/o Automatic Data
Processing, Inc.
One ADP Boulevard
Roseland, New Jersey 07068-1728
Citizenship: U.S.A.
Charles I. Clough, Jr.
Chairman and
Chief Executive Officer
c/o Clough Capital Partners, LP
260 Franklin Street, Suite 1920
Boston, Massachusetts, 02110
Citizenship: U.S.A.
Gary L. Countryman
Chairman Emeritus
c/o Liberty Mutual
Insurance Company
175 Berkeley Street
Boston, Massachusetts 02117
Citizenship: U.S.A.
Paul J. Darling, II
President and
Chief Executive Officer
c/o Corey Steel Company
2800 South 61st Court
Cicero, Illinois 60804-3091
Citizenship: U.S.A.
Francis Albert Doyle, III
President and CEO
c/o Connell Ltd. Partnership
One International Place
31st Floor
Boston, MA 02110
Citizenship: U.S.A.
John P. Hamill
Chairman and
Chief Executive Officer
c/o Sovereign Bank
New England
75 State Street
Boston, Massachusetts 02109
Citizenship: U.S.A.
Marian L. Heard
President and
Chief Executive Officer
c/o United Way
of Massachusetts Bay
245 Summer Street, Suite 1401
Boston, Massachusetts 02210
Citizenship: U.S.A.
Edmund F. Kelly
Chairman, President and
Chief Executive Officer
c/o Liberty Mutual
Holding Company, Inc.
175 Berkeley Street
Boston, Massachusetts 02117
Citizenship: U.S.A.
Thomas J. May
Chairman, President and
Chief Executive Officer
c/o NSTAR
800 Boylston Street
Boston, Massachusetts 02199
Citizenship: U.S.A.
Stephen F. Page
Vice Chairman and
Chief Financial Officer
c/o United Technologies Corporation
United Technologies Building
1 Financial Plaza
Hartford, Connecticut 06101
Citizenship: U.S.A.
Dr. Kenneth L. Rose
Vice Chairman and
Chief Executive Officer
c/o Henkels & McCoy, Inc.
985 Jolly Road
Blue Bell, Pennsylvania 19422-0900
Citizenship: U.S.A.
Ellen A. Rudnick
Executive Director and Clinical
Professor, Entrepreneurship Program
c/o University of Chicago
Graduate School of Business
1101 East 58th Street
Chicago, Illinois 60637
Citizenship: U.S.A.
Glenn P. Strehle
Treasurer Emeritus
c/o Massachusetts Institute
of Technology
77 Massachusetts Avenue, Room 9-223
Cambridge, Massachusetts 02139-4307
Citizenship: U.S.A.
William C. Van Faasen
Chairman, President and
Chief Executive Officer
c/o Blue Cross and Blue Shield
of Massachusetts, Inc.
Landmark Center
401 Mark Drive
Boston, Massachusetts 02215-3326
Citizenship: U.S.A.
Page 13 of 15 Pages
SCHEDULE B
Liberty All-Star Equity Fund Sales
During the past sixty days, Liberty Mutual affected the following open market
sales of the Issuer's securities:
Sales Represent Shares Reported in Amendment No. 3
Trade Date No. of Shares Price Commission SEC Fee Proceeds
3/17/2003 25,000 $ 6.6640 $ 1,500.00 $ 5.02 $ 165,094.98
3/18/2003 150,000 $ 6.9015 $ 9,000.00 $ 31.17 $1,026,193.83
3/19/2003 50,000 $ 6.8500 $ 3,000.00 $ 10.31 $ 339,489.69
3/20/2003 70,700 $ 6.8123 $ 4,242.00 $ 14.50 $ 477,373.11
3/25/2003 50,000 $ 6.8921 $ 3,000.00 $ 8.69 $ 341,596.31
3/26/2003 18,200 $ 6.8274 $ 1,092.00 $ 3.14 $ 123,163.54
3/27/2003 19,400 $ 6.8341 $ 1,164.00 $ 3.35 $ 131,414.19
3/28/2003 19,800 $ 6.7864 $ 1,188.00 $ 3.39 $ 133,179.33
4/1/2003 24,300 $ 6.7800 $ 1,458.00 $ 7.72 $ 163,288.28
4/2/2003 98,400 $ 6.9126 $ 5,904.00 $ 31.84 $ 674,264.00
4/3/2003 26,700 $ 6.9721 $ 1,602.00 $ 8.72 $ 184,544.35
4/4/2003 8,600 $ 6.9500 $ 516.00 $ 2.80 $ 59,251.20
4/7/2003 30,000 $ 7.0692 $ 1,800.00 $ 9.93 $ 210,266.07
4/8/2003 34,900 $ 6.9662 $ 1,745.00 $ 11.38 $ 241,364.00
4/9/2003 36,000 $ 6.9583 $ 1,800.00 $ 11.73 $ 248,687.07
4/14/2003 37,500 $ 7.0074 $ 1,875.00 $ 12.30 $ 260,890.54
4/15/2003 50,000 $ 7.0322 $ 2,500.00 $ 16.46 $ 349,093.54
Subtotal 749,500
-------
Sales Representing Shares Since Filing of Amendment No. 3
4/16/2003 20,400 $ 7.0538 $ 1,020.00 $ 6.74 $ 142,870.78
4/17/2003 50,000 $ 7.0601 $ 2,500.00 $ 16.53 $ 350,488.47
4/28/2003 80,000 $ 7.3004 $ 4,000.00 $ 27.34 $ 580,004.66
4/29/2003 46,900 $ 7.3107 $ 2,345.00 $ 16.05 $ 340,510.78
4/30/2003 50,000 $ 7.3150 $ 2,500.00 $ 17.12 $ 363,232.88
5/1/2003 65,200 $ 7.2992 $ 3,260.00 $ 22.28 $ 472,625.56
5/2/2003 50,000 $ 7.3355 $ 2,500.00 $ 17.17 $ 364,257.83
5/5/2003 50,000 $ 7.4621 $ 2,500.00 $ 17.47 $ 370,587.53
5/6/2003 90,000 $ 7.5505 $ 4,500.00 $ 31.81 $ 675,013.19
5/7/2003 50,000 $ 7.5359 $ 2,500.00 $ 17.64 $ 374,277.36
5/8/2003 48,800 $ 7.4802 $ 2,440.00 $ 17.09 $ 362,576.67
5/9/2003 50,000 $ 7.5460 $ 2,500.00 $ 17.66 $ 374,782.34
5/12/2003 100,000 $ 7.6995 $ 5,000.00 $ 36.04 $ 764,913.96
Subtotal 751,300
-------
Total 1,500,800
Page 14 of 15 Pages
EXHIBIT A
Schedule 13D Joint Filing Agreement
Each of Liberty Mutual Insurance Company and Liberty Mutual Fire
Insurance Company hereby agree that the amended Schedule 13D filed herewith, and
amendments which may be filed thereto, pursuant to Section 13(d) of the
Securities Exchange Act of 1934, as amended, and the regulations thereunder,
relating to the sale of shares of beneficial interest of Liberty ALL*STAR Equity
Fund, shall be filed jointly on behalf of each Company.
Dated this 13th day of May, 2003
LIBERTY MUTUAL INSURANCE COMPANY
By: /s/ A. Alexander Fontanes
-------------------------------------------------------------------
A. Alexander Fontanes
Senior Vice President and
Chief Investment Officer
LIBERTY MUTUAL FIRE INSURANCE COMPANY
By: /s/ A. Alexander Fontanes
------------------------------------------------------
A. Alexander Fontanes
Senior Vice President and
Chief Investment Officer
Page 15 of 15 Pages