SUNAMERICA EQUITY FUNDS
Supplement to the Prospectus dated January 31, 2000, as
supplemented April 3, 2000
Under the section entitled "SALES CHARGE REDUCTIONS AND
WAIVERS" on page 15 of the Prospectus, the first paragraph should
be replaced in its entirety with the following:
WAIVERS FOR CERTAIN INVESTORS. Various individuals and
institutions may purchase CLASS A shares without front-end sales
charges, including:
financial planners, institutions, broker-dealer
representatives or registered investment advisers utilizing
Fund shares in fee-based investment products under an
agreement with the Distributor (this waiver may also apply
to front-end sales charges of Class II shares)
participants in certain retirement plans that meet
applicable conditions, as described in the Statement of
Additional Information
Fund Trustees and other individuals, and their families,
who are affiliated with the Fund or any Fund distributed
by SunAmerica Capital Services, Inc.
selling brokers and their employees and sales representatives
and their families
We will generally waive the CDSC for CLASS B or CLASS II shares in
the following cases:
within one year of the shareholder's death or becoming
disabled
taxable distributions or loans to participants made by
qualified retirement plans or retirement accounts (not
including rollovers) for which SunAmerica Funds Services,
Inc. serves as a fiduciary and in which the plan
participant or accountholder has attained the age of
591/2 at the time the redemption is made
Fund Trustees and other individuals, and their families,
who are affiliated with the Fund or any Fund distributed
by SunAmerica Capital Services, Inc.
to make payments through the Systematic Withdrawal Plan
(subject to certain conditions)
Dated: October 2, 2000
