SunAmerica Focused Alpha Growth Fund, Inc. Announces Results of 2008 Annual Meeting of Shareholders.

JERSEY CITY, N.J. -- SunAmerica Focused Alpha Growth Fund, Inc. (NYSE: FGF) (the "Fund") announced today the results of its 2008 Annual Meeting of Shareholders, held on April 25, 2008.

The nominees for election as Directors, Samuel M. Eisenstat, Stephen J. Gutman and Peter A. Harbeck, who are currently Directors of the Fund, were re-elected for three-year terms, to expire at the annual meeting of shareholders to be held in 2011, and until their successors are duly elected and qualified.

The Fund is a non-diversified, closed-end management investment company. The Fund's investment objective is to provide growth of capital. The Fund seeks to pursue this objective by employing a concentrated stock picking strategy in which the Fund, through subadvisers selected by AIG SunAmerica Asset Management Corp., actively invests primarily in a small number of equity securities and to a lesser extent equity-related securities primarily in the U.S. markets. Marsico Capital Management, LLC is the large-cap stock subadviser and BAMCO, Inc. is the small- and mid-cap stock subadviser.

For more information about the SunAmerica Focused Alpha Growth Fund and other offerings from AIG SunAmerica Asset Management Corp., please visit www.sunamericafunds.com

AIG SunAmerica Asset Management Corp. is the mutual fund and asset management business of AIG Retirement Services, Inc. (AIGRS) and is a member company of American International Group, Inc. (AIG). As of March 31, 2008, AIG SunAmerica Asset Management Corp. managed and/or administered approximately $50.3 billion of assets, including approximately $8.7 billion in open-end and closed-end funds.

American International Group, Inc. (AIG), a world leader in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in Ireland and Tokyo.

BAMCO, Inc. and Marsico Capital Management, LLC are not affiliated with AIG or AIG SunAmerica Asset Management Corp.

Investors should carefully consider the SunAmerica Focused Alpha Growth Fund's investment objective, strategies, risks, charges and expenses before investing.

THE SUNAMERICA FOCUSED ALPHA GROWTH FUND SHOULD BE CONSIDERED AS ONLY ONE ELEMENT OF A COMPLETE INVESTMENT PROGRAM. THE FUND'S EQUITY EXPOSURE AND DERIVATIVE INVESTMENTS INVOLVE SPECIAL RISKS. AN INVESTMENT IN THIS FUND SHOULD BE CONSIDERED SPECULATIVE.

There is no assurance that the SunAmerica Focused Alpha Growth Fund will achieve its investment objective. The Fund is actively managed and its portfolio composition will vary. Investing in the Fund is subject to several risks, including: Non-Diversified Status Risk, Growth Stock Risk, Key Adviser Personnel Risk, Investment and Market Risk, Issuer Risk, Foreign Securities Risk, Emerging Markets Risk, Income Risk, Hedging Strategy Risk, Derivatives Risk, Preferred Securities Risk, Debt Securities Risk, Small and Medium Capitalization Company Risk, Leverage Risk, Liquidity Risk, Market Price of Shares Risk, Management Risk, Anti-Takeover Provisions Risk, Portfolio Turnover Risk and Non-Investment Grade Securities Risk. The price of shares of the Fund traded on the New York Stock Exchange will fluctuate with market conditions and may be worth more or less than their original offering price. Shares of closed-end funds often trade at a discount to their net asset value, but may also trade at a premium.