SUNAMERICA EQUITY FUNDS
Supplement to the Prospectus dated January 29, 1999
The fourth paragraph under the sub-heading "Class B" on Page 14
of the Prospectus has been replaced with the following:
Automatic conversion to Class A shares approximately one year
after such time that no CDSC would be payable upon redemption, as
described below, thus reducing future annual expenses.
Under the section titled "Sales Charge Reductions and Waivers" on
Page 15 of the Prospectus, the following is added to the sentence
"We will generally waive the CDSC for Class B or Class II shares
in the following cases:"
participants in "Net Asset Value Transfer Program"
April 16, 1999
