SCHEDULE 13D
DATE OF EVENT WHICH REQUIRES FILING OF THIS STATEMENT
10/27/2009
1. NAME OF REPORTING PERSON
Bulldog Investors, Phillip Goldstein and Andrew Dakos
2. CHECK THE BOX IF MEMBER OF A GROUP a[X]
b[]
3. SEC USE ONLY
4. SOURCE OF FUNDS
WC
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) AND 2(e) []
6. CITIZENSHIP OR PLACE OF ORGANIZATION
USA
___________________________________________________________
7. SOLE VOTING POWER
814,880
8. SHARED VOTING POWER
436,136
9. SOLE DISPOSITIVE POWER
1,251,016
_______________________________________________________
10. SHARED DISPOSITIVE POWER
0
11. AGGREGATE AMOUNT OWNED BY EACH REPORTING PERSON
1,251,016
12. CHECK IF THE AGGREGATE AMOUNT EXCLUDES CERTAIN SHARES
[]
___________________________________________________________
13. PERCENT OF CLASS REPRESENTED BY ROW 11
6.15%
14. TYPE OF REPORTING PERSON
IA
_______________________________________________________
Item 1. SECURITY AND ISSUER
This Schedule 13D relates to the shares of Common Stock
of Sunamerica Focused Alpha Growth, Inc.("FGF" or the "Issuer").
The principal executive offices of FGF are located at
Harborside Financial Center
3200 Plaza 5
Jersey City, NJ 07311
Item 2. IDENTITY AND BACKGROUND
This statement is filed on behalf of Bulldog Investors,
Phillip Goldstein, 60 Heritage Drive,Pleasantville, NY
10570 a principal of Bulldog Investors and Andrew Dakos,
Park 80 West,Saddle Brook, NJ 07663, also a principal of
Bulldog Investors. Mr.Goldstein and Mr. Dakos are self-employed
investment advisors.
On January 31, 2007 the Acting Director of the Securities Division
of the Massachusetts Secretary of State (the Securities Division)
filed a complaint against Bulldog Investors, Messrs. Goldstein,
Samuels, Dakos and Das and certain related parties (the Bulldog Parties)
alleging that they violated Massachusetts law by making information about
certain unregistered investments available on their website and by
sending material about such investments to an individual who requested
it. On October 17, 2007 the Secretary issued a cease and
desist order based on the same allegations and ordered that a fine be
imposed on the Bulldog Parties of $25,000. On November 15, 2007 the Bulldog
Parties filed an appeal of the Secretary's October 17, 2007 order in the
Massachusetts Superior Court. On February 12, 2009, the Massachusetts
Superior Court upheld the Secretary's October 17, 2007 order. The Bulldog
parties further appealed the ruling of the Massachusetts Superior Court to
Massachusetts Appeals Court. Oral argument in the Massachusetts Appeals
Court is scheduled for November 12, 2009.
ITEM 3. SOURCE AND AMOUNT OF FUNDS AND OTHER CONSIDERATIONS
Shares of the Issuer have been accumulated on behalf of managed
accounts.
ITEM 4. PURPOSE OF TRANSACTION
The filing persons intend to communicate with the issuer's management and
shareholders about the persistent discount to intrinsic value at which the
issuer's shares have traded.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
As per the Form N-CSRS filed on September 3,2009 there were 20,355,236 shares
of common stock outstanding as of July 31, 2009. The percentage set forth
in item 5 was derived using such number. Bulldog Investors, Phillip Goldstein
and Andrew Dakos beneficially own an aggregate of 1,251,016 shares of FGF or
6.15% of the outstanding shares.Power to dispose of and vote
securities resides either with Mr. Goldstein, Mr. Dakos or with clients.
c) During the past 60 days the following shares of FGF were purchased:
Date: Shares: Price:
09/09/09 25,100 11.4078
09/10/09 1,300 11.4546
09/14/09 29,956 11.4936
09/15/09 23,200 11.6572
09/16/09 62,722 11.8955
09/21/09 69,400 12.1280
09/22/09 29,207 12.1724
09/23/09 42,000 12.1471
09/25/09 32,740 11.8906
09/28/09 50,000 12.0375
09/29/09 41,585 12.1034
09/30/09 4,300 12.0040
10/01/09 6,000 11.8755
10/02/09 700 11.6200
10/05/09 11,800 11.8932
10/06/09 300 11.9800
10/07/09 5,000 12.1100
10/08/09 12,900 12.2947
10/09/09 18,000 12.3563
10/12/09 16,900 12.4124
10/13/09 5,000 12.3260
10/15/09 3,400 12.5400
10/21/09 28,000 12.9089
10/22/09 40,598 12.7206
10/23/09 34,800 12.7518
10/26/09 39,369 12.6799
10/27/09 45,700 12.5824
10/28/09 37,831 12.2615
10/29/09 18,900 12.3157
10/30/09 6,170 11.9714
11/02/09 44,368 12.0582
11/03/09 57,238 12.0321
11/03/09 10,000 12.0300
11/03/09 5,000 12.0000
11/04/09 19,800 12.2696
d) Beneficiaries of managed accounts are entitled to receive any
dividends or sales proceeds.
e) NA
ITEM 6. CONTRACTS,ARRANGEMENTS,UNDERSTANDINGS OR RELATIONSHIPS
WITH RESPECT TO SECURITIES OF THE ISSUER.
None.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
None.
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this
statement is true, complete and correct.
Dated: 11/05/2009
By: /s/ Phillip Goldstein
Name: Phillip Goldstein
By: /S/ Andrew Dakos
Name: Andrew Dakos