KEYSPAN CORP
424B3, 1999-09-01
NATURAL GAS DISTRIBUTION
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Prospectus Supplement                           Filing Under
Dated: August 12, 1999                          Rules 424(b)(3) and 424(c)
To Prospectus dated May 27, 1998                Registration File No. 333-53657


                              KEYSPAN CORPORATION

                               INVESTOR PROGRAM


      Effective May 20, 1999, MarketSpan  Corporation changed its corporate name
to KeySpan Corporation, and is currently doing business as KeySpan Energy. As of
such date,  the  MarketSpan  Corporation  Investor  Program is now the  "KeySpan
Corporation Investor Program."

      In terms of the Prospectus,  dated May 27, 1998,  relating to the Investor
Program:

     -    References  to  MarketSpan  Corporation  are  changed to read  KeySpan
          Corporation.

     -    References to the "Company" should be read to mean KeySpan Corporation
          rather than MarketSpan Corporation.

      Any questions regarding the KeySpan Corporation Investor Program should be
directed to a KeySpan representative at 718-403-3196.

                           ------------------------

      This  Prospectus  Supplement  should  be  affixed  to  your  copy  of  the
prospectus dated May 27, 1998.



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