U.S. Securities and Exchange Commission,
Washington, D.C. 20549
FORM 24F-2: Annual Notice of Securities Sold,
Pursuant to Rule 24f-2
Read instructions at end of Form before preparing Form.
Please print or type.
1. Name and address of issuer:
SUNAMERICA EQUITY FUNDS
The SunAmerica Center
733 Third Avenue
New York, NY 10017-3204
2. Name of each series or class of funds for which
this notice is filed:
SunAmerica Balanced Assets Fund
SunAmerica Blue Chip Growth Fund
SunAmerica Mid-Cap Growth Fund
SunAmerica Small Company Growth Fund
SunAmerica Global Balanced Fund
SunAmerica Growth and Income Fund
3. Investment Company Act File Number: 811-4801
Securities Act File Number: 33-8021
4. Last day of fiscal year for which this notice is
filed:9/30/96
5. Check this box if this notice is being filed more
than 120 days after the close of the issuer's fiscal
year but before termination of issuer's 24f-2
declaration:[ ]
6. Date of termination of issuer's declaration under
rule 24f-2(a)(1), if applicable (see Instruction A.6):
7. The number or amount of securities of the same
class or series, if any, which had been registered
under the Securities Act of 1933, other than pursuant
to Rule 24f-2 but which remained unsold at the
beginning of the Registrant's fiscal year:-0-
8. The number or amount of securities registered
during the fiscal period other than pursuant to
Rule 24f-2:
Number: -0-
9. The number and aggregate sale price of
securities sold during the fiscal year:
Number: 29,171,321
Sale Price: $538,882,415
10. The number and aggregate sale price of securities
sold during this fiscal year in reliance upon
registration pursuant to Rule 24f-2:
Number: 29,171,321
Sale Price: $538,882,415
11. The number and aggregate sale price of securities
sold during this fiscal year in connection with dividend
reinvestment plans, if applicable (see Instruction B.7):
Number: 3,642,329
Sale Price:$62,660,697
12. Calculation of registration fee:
(i)Actual aggregate sale price of
securities sold during the fiscal
year in reliance on rule 24f-2
(from item 10):$538,882,415
(ii) Aggregate price of shares issued in
connection with dividend reinvestment
plans (from Item 11, if applicable):
$ 62,660,697
(iii) Aggregate price of shares redeemed or
repurchased during the fiscal year
(if applicable): $426,918,688
(iv)Aggregate price of shares redeemed or
repurchased and previously applied as a
reduction to filing fees pursuant to Rule
24e-2 (if applicable): (-0-)
(v)Net aggregate price of securities sold
and issued during the fiscal year in
reliance on rule 24f-2 [line (i), plus
line(ii), less line (iii), plus line
(iv)](if applicable):$174,624,424
(vi)Multiplier prescribed by Section 6(b)
of the Securities Act of 1933 or other
applicable law or regulation (see
Instruction C.6):x 1/33 of 1%
(vii) Fee due [line (i) or line (v) multiplied
by line (vi)]: $ 52,916.49
Instruction: Issuers should complete lines (ii),
(iii), (iv), and (v) only if the form is being
filed within 60 days after the close of the issuer's
fiscal year. See Instruction C.3.
Check box if fees are being remitted to the
Commission's lockbox depository as described in
section 3a of the Commission's Rule of Informal
and Other Procedures (17CFR 202.3a).[ ]
Date of mailing or wire transfer of filing fees
to the Commission's lockbox depository:
11/21/96
SIGNATURES
This report has been signed below by the following
persons on behalf of the issuer and in the capacities
and on the dates indicated.
By (Signature and Title)/s/ Robert M. Zakem, Secretary
Robert M. Zakem, Secretary
Date 11/22/96
* Please print the name and title of the signing
officer below the signature.
<PAGE>
SunAmerica Asset Management Corp.
The SunAmerica Center
733 Third Avenue
New York, NY 10017
800.858.8850
November 22, 1996
SunAmerica Equity Funds
The SunAmerica Center
733 Third Avenue
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 (the "Fund") to be filed in respect of
shares of the Fund ("Shares") sold for the fiscal
year ended September 30, 1996, pursuant to the Fund's
Registration Statement filed with the Securities and
Exchange Commission (the "SEC") under the Securities
Act of 1933 (File No. 33-8021)("Registration Statement").
In its Registration Statement, the Fund elected to
register an indefinite number of Shares pursuant to the
provisions of SEC Rule 24f-2.
I have reviewed the amended Registration Statement of
the Fund 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, 1996, the
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 Fund 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
