SUNAMERICA EQUITY FUNDS
Supplement to the Prospectus dated January 30, 1997
On September 5, 1997, at a Special Meeting of
Shareholders of the SunAmerica Global Balanced Fund (the
"Fund"), a separate series of SunAmerica Equity Funds,
shareholders approved an Agreement and Plan of
Reorganization (the "Plan") with respect to the Fund.
Pursuant to the Plan, all of the assets and liabilities
of the Fund will be transferred to the International
Equity Portfolio, a series of Style Select Series, Inc.,
in exchange for shares of International Equity Portfolio.
Shares of International Equity Portfolio received by the
Fund will then be distributed to the shareholders of the
Fund in complete liquidation of the Fund. Class A
shareholders of the Fund will receive Class A shares of
International Equity Portfolio, and Class B shareholders
of the Fund will receive Class B shares of International
Equity Portfolio. Immediately upon distribution, the
shares of International Equity Portfolio received by the
Fund's shareholders will have an aggregate net asset
value equal to the aggregate net asset value of the
shares of the Fund held immediately prior to the
consummation of the Plan. This transaction is expected to
occur on the "Closing Date" of the Plan, which is on or
about September 29, 1997. Shares of the Fund are no
longer available for sale to the public. Following the
consummation of the transaction, the Fund will cease to
exist.
September 8, 1997
