SUNAMERICA EQUITY FUNDS
Supplement to the Statement of Additional Information
dated January 12, 1996
The sub-section entitled "Purchase by Check" on pages B-55 and
B-56 of the Statement of Additional Information is revised as the
following:
Purchase by Check. Checks should be made payable to the
specific Fund or to "SunAmerica Funds" or, for retirement
plan accounts for which the Adviser serves as fiduciary,
to "Resources Trust Company." In the case of a new
account, purchase orders by check must be submitted
directly by mail to SunAmerica Fund Services, Inc.,
Mutual Fund Operations, The SunAmerica Center, 733 Third
Avenue, New York, New York 10017-3204, together with
payment for the purchase price of such shares and a
completed New Account Application. Payment for
subsequent purchases should be mailed to SunAmerica Fund
Services, Inc., c/o NFDS, P.O. Box 419373, Kansas City,
Missouri 64141-6373 and the shareholder's Fund account
number should appear on the check. For fiduciary
retirement plan accounts, both initial and subsequent
purchases should be mailed to SunAmerica Fund Services,
Inc., Mutual Fund Operations, The SunAmerica Center, 733
Third Avenue, New York, New York 10017-3204. Certified
checks are not necessary but checks are accepted subject
to collection at full face value in United States funds
and must be drawn on a bank located in the United States.
Upon receipt of the completed New Account Application and
payment check, the Transfer Agent will purchase full and
fractional shares of the applicable Fund at the net asset
value next computed after the check is received, plus the
applicable sales charge. Subsequent purchases of shares
of each Fund may be purchased directly through the
Transfer Agent. SAFS reserves the right to reject any
check made payable other than in the manner indicated
above. Under certain circumstances, a Fund will accept
a multi-party check (e.g., a check made payable to the
shareholder by another party and then endorsed by the
shareholder to the Fund in payment for the purchase of
shares); however, the processing of such a check may be
subject to a delay. The Funds do not verify the
authenticity of the endorsement of such multi-party
check, and acceptance of the check by a Fund should not
be considered verification thereof. Neither the Funds
nor their affiliates will be held liable for any losses
incurred as a result of a fraudulent endorsement. There
are restrictions on the redemption of shares purchased by
check for which funds are being collected. (See
"Redemption of Shares.")
July 1, 1996
