SUNAMERICA INCOME FUNDS
Supplement to the Statement of Additional Information
dated May 9, 1994
The following paragraph is being added as the fourth
paragraph on page B-58 under the section entitled "ADDITIONAL
INFORMATION REGARDING PURCHASE OF SHARES":
WAIVER OF CONTINGENT DEFERRED SALES CHARGES. As
discussed under "Purchase of Shares" in the Prospectus,
CDSCs may be waived on redemptions of Class B shares
under certain circumstances. The conditions set forth
below are applicable with respect to the following
situations with the proper documentation:
Death. CDSCs may be waived on redemptions within
one year following the death (i) of the sole
shareholder on an individual account, (ii) of a joint
tenant where the surviving joint tenant is the
deceased's spouse, or (iii) of the beneficiary of a
Uniform Gifts to Minors Act, Uniform Transfers to
Minors Act or other custodial account. The CDSC waiver
is also applicable in the case where the shareholder
account is registered as community property. If, upon
the occurrence of one of the foregoing, the account is
transferred to an account registered in the name of the
deceased's estate, the CDSC will be waived on any
redemption from the estate account occurring within one
year of the death. If the Class B shares are not
redeemed within one year of the death, they will remain
Class B shares and be subject to the applicable CDSC,
when redeemed.
Disability. CDSCs may be waived on redemptions
occurring within one year after the sole shareholder on
an individual account or a joint tenant on a spousal
joint tenant account becomes disabled (as defined in
Section 72(m)(7) of the Internal Revenue Code of 1986,
as amended). To be eligible for such waiver, (i) the
disability must arise AFTER the purchase of shares AND
(ii) the disabled shareholder must have been under age
65 at the time of the initial determination of
disability. If the account is transferred to a new
registration and then a redemption is requested, the
applicable CDSC will be charged.
The seventh sentence of the paragraph entitled "ADDITIONAL
INFORMATION REGARDING PURCHASE OF SHARES: WAIVER OF SALES CHARGES
WITH RESPECT TO CERTAIN PURCHASES OF CLASS A SHARES" on page B-60
has been restated as follows:
Further, the sales charge is waived with respect to
shares purchased by "wrap accounts" for the benefit of
clients of broker-dealers, financial
institutions or financial planners adhering to the
following standards established by the Distributor: (i)
the broker-dealer, financial institution or financial
planner charges its client(s) an advisory fee based on
the assets under management on an annual basis, and
(ii) such broker-dealer, financial institution or
financial planner does not advertise that shares of the
Funds may be purchased by clients at net asset value.
May 9, 1995
