SunAmerica Money Market Fund
Supplement to the Prospectus dated May 1, 1998
On August 19, 1998, SunAmerica Inc. ("SunAmerica") entered into
an agreement with American International Group, Inc. ("AIG").
Under the terms of the agreement, SunAmerica Inc. will merge with
and into AIG, and consequently, SunAmerica Asset Management Corp.
("SAAMCo"), which acts as investment adviser of SunAmerica Money
Market Fund (the "Fund") will become a subsidiary of AIG. SAAMCo
will not change its name and no organizational changes are
currently planned which would affect services provided to the
Fund. As a result of the merger, Fund shareholders of record as
of October 30, 1998 are being asked to approve a new investment
advisory and management agreement with SAAMCo, to take effect
upon consummation of the merger, as well as certain other
matters. The new agreement will be identical to the current
agreement in all respects except for its effective date and
termination date and will have no effect on the fees or expenses
payable by the Fund or its shareholders. The merger transaction
is expected to be consummated in late 1998 or early 1999.
Dated: November 3, 1998
