<TABLE> <S> <C>

<ARTICLE>  7
<LEGEND>                                                          
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM
THE BALANCE SHEET AND INCOME STATEMENT OF SUNAMERICA INC.'S FORM 10-Q
FOR THE QUARTER ENDED JUNE 30, 1997 AND IS QUALIFIED IN ITS
ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<MULTIPLIER>   1,000
       
<S>                                  <C>         
<PERIOD-TYPE>                        9-MOS
<FISCAL-YEAR-END>                                   SEP-30-1997
<PERIOD-END>                                        JUN-30-1997
<DEBT-HELD-FOR-SALE>                                 17,493,099
<DEBT-CARRYING-VALUE>                                         0
<DEBT-MARKET-VALUE>                                           0
<EQUITIES>                                               91,598
<MORTGAGE>                                            3,097,636
<REAL-ESTATE>                                            88,969
<TOTAL-INVEST>                                       23,284,625
<CASH>                                                  959,247
<RECOVER-REINSURE>                                            0
<DEFERRED-ACQUISITION>                                1,213,353
<TOTAL-ASSETS>                                       33,443,948
<POLICY-LOSSES>                                      20,106,004
<UNEARNED-PREMIUMS>                                           0
<POLICY-OTHER>                                                0
<POLICY-HOLDER-FUNDS>                                         0
<NOTES-PAYABLE>                                       1,004,585
<PREFERRED-MANDATORY>                                         0
<PREFERRED>                                             248,000
<COMMON>                                                179,059
<OTHER-SE>                                            1,368,456
<TOTAL-LIABILITY-AND-EQUITY>                         33,443,948
<PREMIUMS>                                                    0
<INVESTMENT-INCOME>                                   1,160,368
<INVESTMENT-GAINS>                                     (30,882)
<OTHER-INCOME>                                          196,622
<BENEFITS>                                              678,935
<UNDERWRITING-AMORTIZATION>                             112,493
<UNDERWRITING-OTHER>                                   (29,187)
<INCOME-PRETAX>                                         371,723
<INCOME-TAX>                                            110,200
<INCOME-CONTINUING>                                     261,523
<DISCONTINUED>                                                0
<EXTRAORDINARY>                                               0
<CHANGES>                                                     0
<NET-INCOME>                                            261,523
<EPS-PRIMARY> <F1>                                         1.26
<EPS-DILUTED> <F1>                                         1.26
<RESERVE-OPEN>                                                0
<PROVISION-CURRENT>                                           0
<PROVISION-PRIOR>                                             0
<PAYMENTS-CURRENT>                                            0
<PAYMENTS-PRIOR>                                              0
<RESERVE-CLOSE>                                               0
<CUMULATIVE-DEFICIENCY>                                       0
<FN>
<F1>  ON AUGUST 1, 1997, THE COMPANY ANNOUNCED A THREE-FOR-TWO STOCK
      SPLIT (TO BE EFFECTED IN THE FORM OF THE STOCK DIVIDEND) ON THE
      COMPANY'S COMMON STOCK AND NONTRANSFERABLE CLASS B STOCK.  THE
      STOCK SPLIT IS PAYABLE ON AUGUST 29, 1997 TO HOLDERS OF RECORD
      ON AUGUST 20, 1997.  PER-SHARE AMOUNTS REFLECT THE STOCK SPLIT.
      PREVIOUSLY FILED FINANCIAL DATA SCHEDULES HAVE NOT BEEN RESTATED
      TO REFLECT THIS STOCK SPLIT.
</FN>
        



</TABLE>