SunAmerica Strategic Investment Series, Inc.
Supplement to the Statement of Additional Information dated March
1, 1999
Under the section entitled "Net Asset Value Transfer
Program," the third paragraph on page B-44 of the Statement of
Additional Information should be replaced in its entirety with
the following:
Investors may purchase shares of the Fund at net asset value to
the extent that the investment represents the proceeds from a
redemption of a non-SunAmerica mutual fund in which the investor
either (a) paid a front-end sales load or (b) was subject to, or
paid a CDSC on the redemption proceeds. Shareholders may
purchase either Class A, Class B or Class II shares through the
program to the extent that they previously held shares of a non-
SunAmerica mutual fund with a similar load structure to the
respective SunAmerica Mutual Fund share class. With respect to
sales of Class A shares through the program, the Distributor will
pay a 0.50% commission and 0.25% service fee to any dealer who
initiates or is responsible for such an investment. With respect
to sales of Class B shares through the program, they will receive
0.50% of the amount invested as commission and 0.25% as a service
fee, payable beginning the 13th month following the purchase of
such shares, (Class B shares will convert to Class A shares as
provided in the prospectus). These payments are subject,
however, to forfeiture in the event of a redemption during the
first year from the date of purchase. No commission shall be
paid on sales of Class II shares, but dealers will receive a 1.0%
service fee, commencing immediately and paid quarterly. In
addition, it is essential that a Net Asset Value Transfer Program
Form accompany the New Account Application to indicate that the
investment is intended to participate in the Net Asset Value
Transfer Program. This program may be revised or terminated
without notice by the Distributor. For current information,
contact Shareholder/Dealer Services at (800) 858-8850.
Dated: April 15, 1999
