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<PAGE> PAGE 2
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SIGNATURE PETER SUTTON
TITLE CONTROLLER
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<CIK> 0000724129
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<SERIES>
<NUMBER> 0
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<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
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<INVESTMENTS-AT-VALUE> 535,226,835<F1>
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<TOTAL-LIABILITIES> 3,246,516<F1>
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<PER-SHARE-NAV-BEGIN> 1.00<F2>
<PER-SHARE-NII> 0.047<F2>
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<FN>
<F1>Information given pertains to Sun America Money Market Fund as a whole
<F2>Information given pertains to Sun America Money Market Fund Class A
</FN>
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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<DISTRIBUTIONS-OF-GAINS> 0<F1>
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<NUMBER-OF-SHARES-SOLD> 116,212,070<F2>
<NUMBER-OF-SHARES-REDEEMED> (118,023,672)<F2>
<SHARES-REINVESTED> 1,087,163<F2>
<NET-CHANGE-IN-ASSETS> 112,888,183<F1>
<ACCUMULATED-NII-PRIOR> 105,317<F1>
<ACCUMULATED-GAINS-PRIOR> 0<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
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<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 5,156,441<F1>
<AVERAGE-NET-ASSETS> 32,378,735<F2>
<PER-SHARE-NAV-BEGIN> 1.00<F2>
<PER-SHARE-NII> 0.040<F2>
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<PER-SHARE-NAV-END> 1.00<F2>
<EXPENSE-RATIO> 1.74<F2>
<AVG-DEBT-OUTSTANDING> 0<F1>
<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>Information given pertains to Sun America Money Market Fund as a whole
<F2>Information given pertains to Sun America Money Market Fund Class B
</FN>
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000724129
<NAME> SUN AMERICA MONEY MARKET PORTFOLIO
<SERIES>
<NUMBER> 0
<NAME> SUN AMERICA MONEY MARKET CLASS C
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<PERIOD-START> JAN-01-1997
<PERIOD-END> DEC-31-1997
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<INVESTMENTS-AT-VALUE> 535,226,835<F1>
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<TOTAL-LIABILITIES> 3,246,516<F1>
<SENIOR-EQUITY> 0<F1>
<PAID-IN-CAPITAL-COMMON> 540,563,044<F1>
<SHARES-COMMON-STOCK> 401,625<F2>
<SHARES-COMMON-PRIOR> 0<F2>
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<DISTRIBUTIONS-OTHER> 0<F1>
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<NUMBER-OF-SHARES-REDEEMED> (2,173,572)<F2>
<SHARES-REINVESTED> 3,398<F2>
<NET-CHANGE-IN-ASSETS> 112,888,183<F1>
<ACCUMULATED-NII-PRIOR> 105,317<F1>
<ACCUMULATED-GAINS-PRIOR> 0<F1>
<OVERDISTRIB-NII-PRIOR> 0<F1>
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<GROSS-ADVISORY-FEES> 2,497,734<F1>
<INTEREST-EXPENSE> 0<F1>
<GROSS-EXPENSE> 5,156,441<F1>
<AVERAGE-NET-ASSETS> 455,933<F2>
<PER-SHARE-NAV-BEGIN> 1.00<F2>
<PER-SHARE-NII> 0.010<F2>
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<PER-SHARE-DIVIDEND> (0.010)<F2>
<PER-SHARE-DISTRIBUTIONS> 0.0<F2>
<RETURNS-OF-CAPITAL> 0<F2>
<PER-SHARE-NAV-END> 1.00<F2>
<EXPENSE-RATIO> 1.75<F2>
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<AVG-DEBT-PER-SHARE> 0<F1>
<FN>
<F1>Information given pertains to Sun America Money Market Fund as a whole
<F2>Information given pertains to Sun America Money Market Fund Class C
</FN>
</TABLE>
February 13, 1998
To the Shareholders and Board of Directors of
SunAmerica Money Market Fund
In planning and performing our audit of the financial statements of
SunAmerica Money Market Fund (the "Fund") for the year ended December
31, 1997, we considered its internal control, including control
activities for safeguarding securities, in order to determine our
auditing procedures for the purpose of expressing our opinion on the
financial statements and to comply with the requirements of Form N-SAR,
not to provide assurance on internal control.
The management of the Fund is responsible for establishing and
maintaining internal control. In fulfilling this responsibility,
estimates and judgments by management are required to assess the
expected benefits and related costs of control activities. Generally,
control activities that are relevant to an audit pertain to the entity's
objective of preparing financial statements for external purposes that
are fairly presented in conformity with generally accepted accounting
principles. Those control activities include the safeguarding of assets
against unauthorized acquisition, use or disposition.
Because of inherent limitations in internal control, errors or
irregularities may occur and not be detected. Also, projection of any
evaluation of internal control to future periods is subject to the risk
that it may become inadequate because of changes in conditions or that
the effectiveness of the design and operation may deteriorate.
Our consideration of internal control would not necessarily disclose all
matters in internal control that might be material weaknesses under
standards established by the American Institute of Certified Public
Accountants. A material weakness is a condition in which the design or
operation of any specific internal control components does not reduce to
a relatively low level the risk that errors or irregularities in amounts
that would be material in relation to the financial statements being
audited may occur and not be detected within a timely period by
employees in the normal course of performing their assigned functions.
However, we noted no matters involving internal control, including
control activities for safeguarding securities, that we consider to be
material weaknesses as defined above as of December 31, 1997.
This report is intended solely for the information and use of management
and the Directors of the Fund, and the Securities and Exchange
Commission.
PRICE WATERHOUSE LLP
