Rule 24f-2 Notice
SUNAMERICA EQUITY FUNDS
733 Third Avenue
New York, NY 10017-3204
1933 Act No. 33-8021
(i) Fiscal year end for which notice is filed 09/30/95
(ii) The number or amount of securities of the
same class or series, if any, which had been
registered under the Securities Act of 1933,
as amended, other than pursuant to Rule 24f-2
but which remained unsold at 12/1/94, the
beginning of the Registrant's fiscal period -0-
(iii) The number or amount of securities, if any,
registered during the fiscal period of this
notice other than pursuant to Rule 24f-2 -0-
-0-
(iv) The number or amount of securities sold
during the fiscal period of this notice 42,766,827
(v) The number or amount of securities sold
during the fiscal period of this notice in
reliance upon registration pursuant to
Rule 24f-2 (see attached Computation 42,766,827
of Fee)
WITNESS the due execution hereof this 14th day of November,
1995
/s/ Robert M. Zakem
Robert M. Zakem,
Secretary
COMPUTATION OF FEE
1. Actual aggregate sale price of Registrant's
Securities sold pursuant to Rule 24f-2 during
the fiscal period for which the Rule 24f-2
Notice is filed (see Section v) $703,016,128
2. Reduced by the difference between:
(a) actual aggregate redemption price
of such securities redeemed by the
issuer during the fiscal period for
which the 24f-2 notice is filed $687,334,363
(b) actual aggregate redemption price
of such redeemed securities
previously applied by the issuer
pursuant to Section 24e-2 (a) for the
fiscal period for which the 24f-2 is filed -0- $687,334,363
Total amount upon which the fee calculation specified
in Section 6(b) of the Securities Act of 1933 is based $ 15,681,765
FEE SUBMITTED (1/50 of 1% of Total Amount) $ 3136.36
SunAmerica Asset Management Corp.
The SunAmerica Center
733 Third Avenue
New York, NY 10017
800.858.8850
November 14, 1995
SunAmerica Equity Funds
733 Third Avenue, 3rd Floor
New York, NY 10017-3204
Ladies and Gentlemen:
You have requested my opinion for use in conjunction with a
Rule 24f-2 Notice for SunAmerica Equity Funds, a Massachusetts
business trust (the "Trust"), to be filed in respect of shares of
the Trust (the "Shares") sold for the fiscal year ended September
30, 1995, pursuant to the Trust's Registration Statement on Form
N-1A (File No. 33-8021) filed with the Securities and Exchange
Commission (the "SEC") under the Securities Act of 1933 (the "1933
Act") (the "Registration Statement").
In its Registration Statement, the Trust elected to register
an indefinite number of Shares pursuant to the provisions of Rule
24f-2 under the 1933 Act.
I have reviewed the amended Registration Statement of the
Trust and such other documents and records deemed relevant. On
the basis of the foregoing, it is my opinion that the Shares sold
for the fiscal year ended September 30, 1995, registration of
which the Rule 24f-2 Notice makes definite in number, were legally
issued, fully paid and non-assessable.
I consent to your filing this opinion as an Exhibit to the
Rule 24f-2 Notice referred to above, the Registration Statement of
the Trust and to any application or registration statement filed
under the securities laws of any of the states of the United
States.
Very truly yours,
/s/ Robert M. Zakem
Robert M. Zakem
Senior Vice President and
General Counsel
