SunAmerica Equity Funds
Supplement to the Prospectus dated January 30,
1997
On May 22, 1997, the Board of Trustees of
SunAmerica Equity Funds unanimously approved an
Agreement and Plan of Reorganization(the "Plan") with
respect to SunAmerica Global Balanced Fund ("Global
Balanced") whereby, subject to shareholder approval
of the Plan, all of the assets and liabilities of
Global Balanced will be transferred to International
Equity Portfolio, a series of Style Select Series,
Inc., in exchange for shares of International Equity
Portfolio, which will be distributed pro rata by
Global Balanced to its shareholders in complete
liquidation of Global Balanced. Shareholders will
receive the same class of shares of International
Equity that they hold of Global Balanced.
A shareholder meeting has been called for September
5, 1997 at which shareholders of record of Global
Balanced as of June 30, 1997 will be asked
to approve the Plan and the proposed transaction.
Proxy materials relating to the proposed Plan have
been filed with the Securities and Exchange Commission.
It is anticipated that such materials will be mailed to
the shareholders of record of Global Balanced on or
about July 7, 1997. If such approval is obtained, the
proposed transaction will be consummated on or about
September 12, 1997.
June 4, 1997
