SUNAMERICA INC
11-K, 1995-05-31
LIFE INSURANCE
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                     SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, DC  20549

                              ----------------

                                  FORM 11-K

                                ANNUAL REPORT
      PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934





(Mark One):
/X/   ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT
      OF 1934 (FEE REQUIRED).

      For the fiscal year ended        December 31, 1994
                               ------------------------------------------------

                                     OR

/ /   TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE
      ACT OF 1934 (NO FEE REQUIRED).

      For the transition period from____________________ to____________________


                         Commission File No. 1-4618

      A.    Full title of the plan and the address of the plan, if different
            from that of the issuer named below: 

                SunAmerica Profit Sharing and Retirement Plan
            ----------------------------------------------------------------

      B.    Name of issuer of the securities held pursuant to the plan and the
            address of its principal executive office:

                              SunAmerica Inc.
                              1 SunAmerica Center
                              Los Angeles, CA. 90067-6022
            ----------------------------------------------------------------








      Reference is made to the financial statements and schedules of the
SunAmerica Profit Sharing and Retirement Plan for the year ended December 31,
1994, which were filed separately under cover of Form SE.


                                 SIGNATURES

      THE PLAN.  Pursuant to the requirements of the Securities Exchange Act
of 1934, the trustees (or other persons who administer the employee benefit
plan) have duly caused this annual report to be signed on its behalf by the
undersigned hereunto duly authorized.


                              SUNAMERICA PROFIT SHARING AND RETIREMENT PLAN



Date     May 31, 1995            By /s/  SCOTT L. ROBINSON
     -------------------         -------------------------------------------
                                 Scott L. Robinson
                                 Senior Vice President and Controller
                                 and Member of Employee Benefits 
                                 Committee of SunAmerica Inc.     



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