SECURITIES AND EXCHANGE COMMISSION

                           WASHINGTON, D.C.  20549
                                          
                              ________________


                                  FORM 8-K

                               CURRENT REPORT

                   PURSUANT TO SECTION 13 OR 15(D) OF THE

                       SECURITIES EXCHANGE ACT OF 1934


DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)    JUNE 27, 1995

                               SUNAMERICA INC.

             (EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)


MARYLAND                           1-4618         86-0176061
(STATE OR OTHER JURISDICTION     (COMMISSION    (IRS EMPLOYER
     OF INCORPORATION)           FILE NUMBER)   IDENTIFICATION NO.)


1 SUNAMERICA CENTER
LOS ANGELES, CALIFORNIA                         90067-6022
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)        (ZIP CODE)


Registrant's telephone number, including
area code                                       (310) 772-6000


<PAGE>
Item 5.     Other Events
            -------------

            On June 27, 1995, industry analyst A.M. Best Company upgraded the
            ratings of SunAmerica Life Insurance Company (f/k/a "Sun Life
            Insurance Company of America"), Anchor National Life Insurance
            Company and First SunAmerica Life Insurance Company from "A"
            (Excellent) to "A+" (Superior).  On August 21, 1995, Standard &
            Poor's Corporation reaffirmed the "AAA" (Superior) claims-paying
            ability rating of SunAmerica National Life Insurance Company, while
            reducing the claims-paying ability ratings of SunAmerica Life
            Insurance Company and Anchor National Life Insurance Company from
            "AA" (Excellent) to "AA-" (Excellent).  SunAmerica National Life
            Insurance Company is a newly formed subsidiary of SunAmerica Life
            Insurance Company, and will specialize in the sale of guaranteed
            investment contracts ("GICs") to the pension and 401(k) plan
            retirement savings markets.





                                 SIGNATURES

            Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                    SUNAMERICA INC.



Date:   September 5, 1995           By: /s/ SCOTT L. ROBINSON
                                        -----------------------------
                                        Scott L. Robinson
                                        Senior Vice President 
                                          and Controller
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 2701}]
{"company-data": {"conformed-name": "SUNAMERICA INC", "cik": "0000054727", "assigned-sic": "6311", "irs-number": "860176061", "state-of-incorporation": "MD", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-04618", "film-number": "95570300"}, "business-address": {"street1": "1 SUNAMERICA CENTER", "city": "LOS ANGELES", "state": "CA", "zip": "90067-6022", "phone": "3107726000"}, "former-company": [{"former-conformed-name": "KAUFMAN & BROAD INC", "date-changed": "19890515"}, {"former-conformed-name": "KAUFMAN & BROAD BUILDING CO", "date-changed": "19711006"}]}
SECURITIES AND EXCHANGE COMMISSION

                           WASHINGTON, D.C.  20549
                                          
                              ________________

                                  FORM 8-K

                               CURRENT REPORT

                   PURSUANT TO SECTION 13 OR 15(D) OF THE

                       SECURITIES EXCHANGE ACT OF 1934

DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)    JUNE 27, 1995

                               SUNAMERICA INC.

             (EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)

MARYLAND                           1-4618         86-0176061
(STATE OR OTHER JURISDICTION     (COMMISSION    (IRS EMPLOYER
     OF INCORPORATION)           FILE NUMBER)   IDENTIFICATION NO.)

1 SUNAMERICA CENTER
LOS ANGELES, CALIFORNIA                         90067-6022
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)        (ZIP CODE)

Registrant's telephone number, including
area code                                       (310) 772-6000
Item 5.     Other Events
            -------------

            On June 27, 1995, industry analyst A.M. Best Company upgraded the
            ratings of SunAmerica Life Insurance Company (f/k/a "Sun Life
            Insurance Company of America"), Anchor National Life Insurance
            Company and First SunAmerica Life Insurance Company from "A"
            (Excellent) to "A+" (Superior).  On August 21, 1995, Standard &
            Poor's Corporation reaffirmed the "AAA" (Superior) claims-paying
            ability rating of SunAmerica National Life Insurance Company, while
            reducing the claims-paying ability ratings of SunAmerica Life
            Insurance Company and Anchor National Life Insurance Company from
            "AA" (Excellent) to "AA-" (Excellent).  SunAmerica National Life
            Insurance Company is a newly formed subsidiary of SunAmerica Life
            Insurance Company, and will specialize in the sale of guaranteed
            investment contracts ("GICs") to the pension and 401(k) plan
            retirement savings markets.

                                 SIGNATURES

            Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.

                                    SUNAMERICA INC.

Date:   September 5, 1995           By: /s/ SCOTT L. ROBINSON
                                        -----------------------------
                                        Scott L. Robinson
                                        Senior Vice President 
                                          and Controller