SunAmerica Income Funds
Supplement to the Prospectus dated January 28,1998
The following information supplements the Prospectus dated
January 28,1998:
Asset Protection Plan (optional)
Anchor National Life Insurance Company (the "Life Company")
offers an Asset Protection Plan to certain investors in the
Funds. The benefits of this optional coverage payable at death
will be related to the amounts paid to purchase Fund shares and
to the value of the Fund shares held for the benefit of the
insured persons. However, to the extent such purchased shares
are redeemed prior to death, coverage with respect to such shares
will terminate.
Purchasers of the Asset Protection Plan are required to
authorize periodic redemptions of Fund shares to pay the premiums
for such coverage. Such redemptions will not be subject to
contingent deferred sales charges, but will have the same tax
consequences as any other Fund redemptions.
The Asset Protection Plan will be available to eligible
persons who enroll for the coverage within a limited time period
after shares in any Fund are initially purchased or transferred.
In addition, coverage cannot be made available unless the Life
Company knows for whose benefit shares are purchased. For
instance, coverage cannot be made available for shares registered
in the name of your broker unless the broker provides the Life
Company with information regarding the beneficial owners of such
shares. In addition, coverage is available only to shares
purchased on behalf of natural persons under the age of 75 years;
coverage is not available with respect to shares purchased for a
retirement account. Other restrictions on the coverage apply.
This coverage may not be available in all states and may be
subject to additional restrictions or limitations. Purchasers of
shares should also make themselves familiar with the impact on
the Asset Protection Plan coverage of purchasing additional
shares, reinvestment of dividends and capital gains distributions
and redemptions.
The Life Company is affiliated with the Adviser and the
Distributor.
Please call 1-800-858-8850 for more information, including
the cost of the Asset Protection Plan option.
February 26, 1998
