SunAmerica Income Funds
Supplement to the Prospectus dated July 27, 1998
The first sentence of the paragraph under the section
entitled Conversion Feature on page 21 of the Prospectus,
should be replaced in its entirety with the following:
Class B shares (including a pro rata portion of the Class B
shares purchased through the reinvestment of dividends and
distributions) will convert automatically to Class A shares
approximately one year after such time that no CDSC would be
payable upon redemption, as described above, thus reducing future
annual expenses.
The first sentence of the paragraph under the section
entitled Waiver of CDSC on page 22 of the Prospectus, should be
replaced in its entirety with the following:
The CDSC applicable to Class B and Class II shares will be
waived, subject to certain conditions, in connection with
redemption which are: (a) requested within one year of the death
of the shareholder of an individual account or of a joint tenant
where the surviving joint tenant is the deceased's spouse; (b)
requested within one year after the shareholder of an individual
account or a joint tenant on a spousal joint tenant account
becomes disabled; (c) taxable distributions or loans to
participants made by qualified retirement plans or retirement
accounts (not including rollovers) for which the Adviser serves
as fiduciary (e.g., prepares all necessary tax reporting
documents); provided that, in the case of a taxable distribution,
the plan participant or accountholder has attained the age of 59
1/2 at the time the redemption is made; (d) made pursuant to a
Systematic Withdrawal Plan up to a maximum amount of 12% per year
from a shareholder account based on the value of the account at
the time the Plan is established, provided, however, that all
dividends and capital gains distributions are reinvested in Fund
shares; (e) made of shares in accounts consisting of assets which
were originally individually managed by the Adviser and had paid
an investment advisory fee to the Adviser; and (f) made pursuant
to the Net Asset Value Transfer Program.
Dated: April 12, 1999
