SunAmerica Global Balanced Fund
(a series of SunAmerica Equity Funds)
Supplement to the Prospectus dated January 12, 1996
Effective April 23, 1996, Goldman Sachs Asset Management
International will no longer serve as sub-adviser for the global
bond component of the Global Balanced Fund (the "component").
SunAmerica Asset Management Corp., pursuant to its Investment
Advisory and Management Agreement with the Trust, will assume
full portfolio management responsibilities for the component.
The first sentence of the third paragraph under the
sub-heading "Portfolio Managers" on page 21 is revised as the
following:
P. Christopher Leary has served as 1) portfolio
manager of the global bond component of the Global
Balanced Fund since April 1996 and 2) assistant
portfolio manager of the Balanced Assets Fund since
June 1991.
The seventh and eighth paragraphs under the sub-heading
"Portfolio Managers" on pages 21 and 22 of the Prospectus are
deleted.
.
February 29, 1996
