<TABLE> <S> <C>

<ARTICLE>  7
<LEGEND>                                                          
THIS RESTATED FINANCIAL DATA SCHEDULE CONTAINS SUMMARY FINANCIAL
INFORMATION EXTRACTED FROM THE BALANCE SHEET AND INCOME STATEMENT
OF SUNAMERICA INC.'S FORM 10-Q FOR THE QUARTERLY PERIOD ENDED
DECEMBER 31, 1996 AND IS QUALIFIED IN ITS ENTIRETY BY REFERENCE
TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<RESTATED>
<MULTIPLIER>   1,000
       
<S>                                  <C>         
<PERIOD-TYPE>                        3-MOS
<FISCAL-YEAR-END>                                   SEP-30-1997
<PERIOD-END>                                        DEC-31-1996
<DEBT-HELD-FOR-SALE>                                 13,776,872 
<DEBT-CARRYING-VALUE>                                         0
<DEBT-MARKET-VALUE>                                           0
<EQUITIES>                                              104,012
<MORTGAGE>                                            1,706,191
<REAL-ESTATE>                                            99,507
<TOTAL-INVEST>                                       17,938,686
<CASH>                                                  852,124
<RECOVER-REINSURE>                                            0
<DEFERRED-ACQUISITION>                                  784,903
<TOTAL-ASSETS>                                       25,987,756
<POLICY-LOSSES>                                      14,402,792
<UNEARNED-PREMIUMS>                                           0
<POLICY-OTHER>                                                0
<POLICY-HOLDER-FUNDS>                                         0
<NOTES-PAYABLE>                                       1,004,585
<PREFERRED-MANDATORY>                                         0
<PREFERRED>                                             335,869
<COMMON>                                                119,910
<OTHER-SE>                                            1,247,341
<TOTAL-LIABILITY-AND-EQUITY>                         25,987,756
<PREMIUMS>                                                    0
<INVESTMENT-INCOME>                                     339,743
<INVESTMENT-GAINS>                                      (9,304)
<OTHER-INCOME>                                           70,067
<BENEFITS>                                              196,074
<UNDERWRITING-AMORTIZATION>                              30,410
<UNDERWRITING-OTHER>                                          0
<INCOME-PRETAX>                                         114,768
<INCOME-TAX>                                             34,400
<INCOME-CONTINUING>                                      80,368
<DISCONTINUED>                                                0
<EXTRAORDINARY>                                               0
<CHANGES>                                                     0
<NET-INCOME>                                             80,368
<EPS-PRIMARY>                                              0.43
<EPS-DILUTED>                                              0.39
<RESERVE-OPEN>                                                0
<PROVISION-CURRENT>                                           0
<PROVISION-PRIOR>                                             0
<PAYMENTS-CURRENT>                                            0
<PAYMENTS-PRIOR>                                              0
<RESERVE-CLOSE>                                               0
<CUMULATIVE-DEFICIENCY>                                       0
<FN>
PER SHARE DATA HAS BEEN RESTATED TO REFLECT A THREE-FOR-TWO STOCK
SPLIT PAID IN THE FORM OF A STOCK DIVIDEND ON AUGUST 29, 199 AND
TO REFLECT THE ADOPTION OF STATEMENT OF FINANCIAL ACCOUNTING
STANDARDS NO. 128, "EARNINGS PER SHARE." "OTHER INCOME" 
AND "UNDERWRITING OTHER" REFLECT RECLASSIFICATIONS TO CONFORM
WITH THE CURRENT PERIOD PRESENTATION.
</FN>


        



</TABLE>