Tax Managed Equity Fund
SunAmerica Strategic Investment Series, Inc.
Supplement to the Prospectus dated March 1, 1999
The fourth paragraph under the sub-heading "Class B" on Page
11 of the Prospectus should be replaced in its entirety with the
following:
A Automatic conversion to Class A shares
approximately one year after such time that no
CDSC would be payable upon redemption, as
described below, thus reducing future annual
expenses.
Under the section titled "Sales Charge Reductions and
Waivers" on Page 12 of the Prospectus, the following is added to
the sentence "We will generally waive the CDSC for Class B or
Class II shares in the following cases:
A participants in "Net Asset Value Transfer Program"
Dated: April 15, 1999
