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SUNAMERICA ASSET MANAGEMENT NAMES NEW MANAGER FOR GOVERNMENT SECURITIES FUND

 NEW YORK, Dec. 29 /PRNewswire/ -- SunAmerica Asset Management Corp. announced today that P. Christopher Leary, senior vice president, will assume responsibility for managing the firm's popular U.S. Government Securities Fund, effective Jan. 3, 1994.
 Leary, a senior member of the firm's investment team with 12 years of portfolio management experience, currently oversees three funds for the New York-based asset manager. The U.S. Government Securities Fund, with $1.3 billion in assets, previously was sub-advised by Wellington Management Co.
 "This transition is another step in the restructuring of the SunAmerica mutual funds, which has unfolded over the past two years," said Charles Mohr, president of SunAmerica Asset Management Corp. We've built a top-notch investment management team in-house which has achieved excellent returns for shareholders. As a result, we now have the expertise in Chris Leary and his colleagues to manage the fund most effectively within our organization."
 Wellington Management Co. continues to manage the firm's Tax Exempt Insured Fund, as well as several portfolios in the Polaris and ICAP Variable Annuities offered nationally by Anchor National, a member of the SunAmerica family of companies.
 "We continue to value and benefit from our long-standing relationship with Wellington Management," Mohr stated. "This step is merely in keeping with our long-term strategy of building additional management capabilities internally."
 The SunAmerica family of 10 funds includes four equity funds, five fixed income funds and a money market fund. In a streamlining process earlier this year, the funds recently began offering flexible pricing through "A" and "B" shares.
 SunAmerica Asset Management is a unit of SunAmerica (NYSE: SAI), a diversified financial concern, with $18 billion in assets owned or under management.
 -0- 12/29/93
 /CONTACT: Patricia Harden, 310-772-6533; or Enrique Lopez-Balboa, 800-232-1230/
 (SAI)


CO: SunAmerica Asset Management Corp. ST: New York IN: FIN SU: PER

JM-MF -- LA008 -- 7793 12/29/93 12:32 EST
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Publication:PR Newswire
Date:Dec 29, 1993
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