SunAmerica Income Funds
Supplement to the Prospectus dated July 27, 1998
On January 1, 1999, SunAmerica Inc., pursuant to the terms of
an agreement entered into with American International Group,
Inc. ("AIG"), merged with and into AIG, and consequently,
SunAmerica Asset Management Corp. ("SAAMCo"), which acts as
investment adviser of SunAmerica Income Funds (the "Trust"),
became an indirect wholly owned subsidiary of AIG. In
connection therewith, on December 30, 1998, shareholders
approved a new investment advisory and management agreement
with SAAMCo to take effect on January 1st. The new agreement
has no effect on the fees or expenses payable by the Trust or
its shareholders.
Dated: January 4, 1999
