SUNAMERICA INC
11-K, 1999-06-29
LIFE INSURANCE
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<PAGE>  1

                        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 (NO FEE REQUIRED, EFFECTIVE OCTOBER 7, 1996).

        For the fiscal year ended            December  31,  1998
                                ----------------------------------------------

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













<PAGE>  2

                                    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   June 29, 1999        By  /s/
                            -----------------------------------------
                            Scott  L.  Robinson
                            Senior  Vice  President  and  Controller
                            and  Member  of  Employee  Benefits
                            Committee  of  SunAmerica  Inc.













<PAGE>  3

                               SUNAMERICA  NC.



LIST  OF  EXHIBITS  FILED
- -------------------------

23    Consent of Independent Accountants















                       CONSENT  OF  INDEPENDENT  ACCOUNTANTS
                        ----------------------------------




We  hereby  consent  to  the  incorporation  by  reference  in  the Registration
Statement on Form S-8 (No. 33-60244) of SunAmerica Inc. of our report dated June
7,  1999  which appears on page 2 of the Annual Report on Form 11-K for the year
ended  December  31,  1998.



PricewaterhouseCoopers  LLP
Los  Angeles,  California
June  24,  1999







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