SUNAMERICA EQUITY FUNDS
Supplement to the Prospectus dated January 12, 1996
The following should be inserted after the first sentence of
the second paragraph under the sub-heading entitled "Additional
Purchase Information" on page 25 of the Prospectus.
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." Payments to open new accounts should be
mailed to SunAmerica Fund Services, Inc., Mutual Fund
Operations, The SunAmerica Center, 733 Third Avenue, New
York, New York 10017-3204, together with 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. 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.
July 1, 1996
