SUNAMERICA EQUITY FUNDS
497, 1997-11-03
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                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




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