SUNAMERICA EQUITY FUNDS
497, 1999-05-10
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                   "DOGS" OF WALL STREET FUND 

       Supplement to the Prospectus dated January 29, 1999


     The Fees and Expenses Table on Page 3 of the Prospectus
should be changed as follows:

                    The Net Expense ratio for the Class A shares
          of the Fund, located in the last line of the
          table, is 0.95%, not 0.095%. 





May 10, 1999 


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