SUNAMERICA EQUITY FUNDS
Supplement to the Prospectus dated January 30, 1997
The subheadings "The Sub-Adviser" and "Portfolio Managers" on pages 18
and 19 of the Prospectus dated January 30, 1997, are deleted in their
entirety, and replaced with the following:
The Domestic Equity Investment Team is responsible for the
portfolio management of each of the Funds. The Team is composed
of nine portfolio managers, research analysts and traders. Individual
members of the Team may focus more heavily on particular Funds or
particular aspects of the domestic equity markets.
November 3, 1997