SUNAMERICA EQUITY FUNDS
24F-2NT, 2000-12-22
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U.S. Securities and Exchange Commission, Washington, D.C. 20549

FORM 24F-2: Annual Notice of Securities Sold,
Pursuant to Rule 24f-2

Read instructions at end of Form before preparing Form.  Please
print or type.

     1.   Name and address of issuer:
     SUNAMERICA EQUITY FUNDS
     The SunAmerica Center
     733 Third Avenue
     New York, NY  10017-3204

     2.   The name of each series or class of securities for which
          this Form is filed (If the Form is being filed for all
          series and classes of securities of the issuer, check the
          box but do not list series or classes): [x]

     3.   Investment Company Act File Number:     811-4801

          Securities Act File Number:   33-8021

     4(a).Last day of fiscal year for which this Form is filed:
          9/30/00

     4(b).Check this box if this notice is being filed late (i.e.,
          more than 90 days after the end of the issuer's fiscal
          year).  (See Instruction A.2.)     [  ]

     4(c).Check this box if this is the last time the issuer will be
          filing this Form. [  ]

     5.   Calculation of registration fee:

    (i)   Aggregate sale price of
          securities sold during the fiscal
          year pursuant to section 24(f):        $1,197,442,877

    (ii) Aggregate price of securities redeemed or
         repurchased during the fiscal year:     $ 861,954,087

    (iii)Aggregate price of securities redeemed or
         repurchased during any prior fiscal year ending
         no earlier than October 11, 1995 that were not
         previously used to reduce registration fees payable
         to the Commission:                        $ -0-

    (iv) Total available redemption credits [add items
         5(ii) and 5(iii)]:                       $ 335,488,790

    (v)  Net sales - if Item 5(i) is greater than Item 5(iv)
         [subtract Item 5(iv) from Item 5(i)]:    $ 335,488,790

    (vi) Redemption credits available for use in future
         years - if Item 5(i) is less than Item 5(iv)
         [subtract Item 5(iv) from Item 5(i)]:             $  -0-

    (vii)Multiplier for determining registration fee
         (See Instruction C.9):                  x .000264

    (viii)Registration fee due [multiply Item 5(v) by
          Item 5(vii)] (enter "0" if no fee is due): $ 88,569.04

    6.    Prepaid Shares                            -0-

          If the response to item 5(i) as determined by deducting an
          amount of securities that were registered under the
          Securities Act of 1933 pursuant to rule 24e-2 as in effect
          before [effective date of rescission of rule 24e-2], then
          report the amount of securities (number of shares or other
          units) deducted here: -0-.  If there is a number of shares
          or other units that were registered pursuant to rule 24e-2
          remaining unsold at the end of the fiscal year for which
          this form is filed that are available for use by the issuer
          in future fiscal years, then state that number here: -0-

    7.    Interest due - if this Form is being filed more than 90 days
          after the end of the issuer's fiscal year (see Instruction
          D): N/A

    8.    Total of the amount of the registration fee due plus any
          interest due [line 5(viii) plus line 7]:
          $ 88,569.04

    9.    Date the registration fee and any interest payment was sent
          to the Commission's lockbox depository:
          December 20, 2000
          Method of Delivery:
            [x] Wire Transfer
            [ ] Mail or other means

    SIGNATURES

    This report has been signed below by the following persons on
    behalf of the issuer and in the capacities and on the dates
    indicated.

    By (Signature and Title)   /s/ Stacey V. Morrison
                               Stacey V. Morrison, Assistant Secretary

    Date:  December 21, 2000
    * Please print the name and title of the signing officer below
      the signature.


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