FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person* MATRIX ASSET ADVISORS INC/NY (Last) (First) (Middle) 747 THIRD AVENUE, 31ST FLOOR (Street) NEW YORK, NY 10017 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 10/19/2015	3. Issuer Name and Ticker or Trading Symbol LIBERTY ALL STAR EQUITY FUND [ USA ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner Officer (give title below) X Other (specify below) Invst Sub-Adviser and Officers	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Closed - End Fund Shares	0	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* MATRIX ASSET ADVISORS INC/NY (Last) (First) (Middle) 747 THIRD AVENUE, 31ST FLOOR (Street) NEW YORK, NY 10017 (City) (State) (Zip)

1. Name and Address of Reporting Person* Katz David Adam (Last) (First) (Middle) 747 THIRD AVENUE 31ST FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip)

1. Name and Address of Reporting Person* Birnholz Lon F. (Last) (First) (Middle) 747 THIRD AVENUE 31ST FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip)

1. Name and Address of Reporting Person* Pisarkiewicz Steven (Last) (First) (Middle) 747 THIRD AVENUE 31ST FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip)

1. Name and Address of Reporting Person* Roukis Steven (Last) (First) (Middle) 747 THIRD AVENUE 31ST FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip)

1. Name and Address of Reporting Person* Posner Jordan Fraser (Last) (First) (Middle) 747 THIRD AVENUE 31ST FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip)

1. Name and Address of Reporting Person* Weinberger Stephan J. (Last) (First) (Middle) 747 THIRD AVENUE 31ST FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip)

1. Name and Address of Reporting Person* Gaeta Laurie Skinner (Last) (First) (Middle) 747 THIRD AVENUE 31ST FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip)

Explanation of Responses:

Remarks:

	/s/ David A. Katz	10/19/2015
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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