Exhibit (a)(3)

                 NORTH AMERICAN SENIOR FLOATING RATE FUND, INC.

                              ARTICLES OF AMENDMENT

     North  American  Senior  Floating Rate Fund,  Inc., a Maryland  corporation
having its principal office in Baltimore City, Maryland  (hereinafter called the
"Corporation")  hereby  certifies to the State  Department  of  Assessments  and
Taxation of Maryland that:

     FIRST:  Article II of the  Corporation's  Amended and Restated  Articles of
Incorporation is hereby amended in its entirety to read as follows:

     The name of the  Corporation is SunAmerica  Senior Floating Rate Fund, Inc.
(the "Corporation").

     SECOND: The foregoing  amendment of the Corporation's  Amended and Restated
Articles of Incorporation as hereinabove set forth was approved by a majority of
the entire Board of Directors and the amendment is limited to a change expressly
authorized by Section 2-605 of the Maryland  General  Corporation Law to be made
without action by the stockholders.

     IN WITNESS  WHEREOF:  North American Senior  Floating Rate Fund,  Inc., has
caused  these  presents to be signed in its name on its behalf by its  President
and attested by its Vice President and Assistant Secretary on November 29, 2001.

                                  NORTH AMERICAN SENIOR FLOATING RATE FUND, INC.


                                  By: __________________________________________
                                  Name:  Peter A. Harbeck
                                  Title: President


Witness: _________________________________
         Peter E. Pisapia
         Vice President and Assistant Secretary

     THE  UNDERSIGNED,  President of North American  Senior  Floating Rate Fund,
Inc.,  who  executed on behalf of said  corporation  the  foregoing  Articles of
Amendment, of which this certificate is made a part, hereby acknowledges, in the
name and on behalf of said corporation,  the foregoing  Articles of Amendment to
be the corporate act of said corporation and further certifies that, to the best
of his  knowledge,  information,  and  belief,  the  matters and facts set forth
therein with respect to the approval thereof are true in all material  respects,
under the penalties of perjury.


                                        By: ____________________________________
                                        Name:  Peter A. Harbeck
                                        Title: President


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