SunAmerica Asset Management Corp.
733 Third Avenue
New York, NY 10017
September 30, 1997
EDGAR Postmaster, BDM: Postmaster
Re: SunAmerica Equity Funds
Securities Act File No. 33-8021
Ladies and Gentlemen:
Pursuant to Rule 497 under the Securities Act of 1933, as
amended, the following is the EDGAR filing of a Supplement
dated September 30, 1997 to the Prospectus dated January 30,
1997 of SunAmerica Equity Funds. This supplement supersedes and
replaces the supplement dated September 8, 1997 to this
Prospectus.
Please provide a Notice of Acceptance as receipt of this
filing.
Very truly yours,
SunAmerica Asset Management Corp.
Robert M. Zakem
Senior Vice President
and General Counsel
Enclosure
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.
____________________________________
On September 29, 1997, pursuant to an Agreement and Plan of
Reorganization with respect to the SunAmerica Global Balanced
Fund (the "Fund"), a separate series of SunAmerica Equity Funds,
all of the assets and liabilities of the Fund were transferred
to the International Equity Portfolio, a series of Style Select
Series, Inc., in exchange for shares of International Equity
Portfolio and the Fund has ceased to exist. Shares of
International Equity Portfolio were distributed to the Fund's
shareholders in complete liquidation thereof. Class A and
Class B shareholders of the Fund received the respective
class of shares of International Equity Portfolio.
September 30, 1997
