ADDENDUM TO
          ADMINISTRATION, BOOKKEEPING AND PRICING SERVICES AGREEMENT
                            DATED DECEMBER 18, 2006
                                    BETWEEN
                            ALPS FUND SERVICES, INC.
                                      AND
                          LIBERTY ALL-STAR EQUITY FUND


     THIS ADDENDUM is made as of April 9, 2007, by and between ALPS Fund
Services, Inc. ("ALPS"), and Liberty All-Star Equity Fund ("Fund").

     WHEREAS, ALPS and the Fund have entered into an Administration, Bookkeeping
and Pricing Services Agreement (the "Agreement") dated December 18, 2006;

     WHEREAS, effective April 9, 2007, ALPS will move to 1290 Broadway, Suite
1100, Denver, CO 80203.

     WHEREAS, in light of the foregoing, ALPS and the Fund wish to modify the
provisions of the Agreement to reflect ALPS' and the Fund's new address.

     NOW, THEREFORE, the parties hereto, intending to be legally bound, agree as
follows:

      1.    NOTICES.  All references to ALPS'  address  as  1625 Broadway, Suite
            2200, Denver, CO 80202 within the Agreement shall  be  replaced with
            references  to  1290  Broadway,  Suite 1100, Denver, CO 80203.   All
            references  to  the Funds' address at  1625  Broadway,  Suite  2200,
            Denver,  CO 80202  within  the  Agreement  shall  be  replaced  with
            references to 1290 Broadway, Suite 1100, Denver, CO 80203.

      2.    REMAINDER  OF  THE AGREEMENT.  All other provisions of the Agreement
            shall remain unchanged.

     IN WITNESS WHEREOF, this Addendum has been executed by a duly authorized
representative of each of the parties hereto as of the date of the Addendum
first set forth above.


ALPS Fund Services, Inc.                         Liberty All-Star Equity Fund


By:                                              By:
    ---------------------                            ---------------------
Name:  Jeremy O. May                             Name:  Tane T. Tyler
Title: Managing Director                         Title: Secretary