U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
1. Name and address of issuer:
The MainStay Funds
51 Madison Avenue
New York, NY 10010
2. Name of each series or class of funds for which this notice
is filed:
The Class A and Class B shares of the following Funds:
Capital Appreciation Fund
Value Fund
Convertible Fund
High Yield Corporate Bond Fund
Government Fund
Money Market Fund
Tax Free Bond Fund
Total Return Fund
Equity Index Fund*
California Tax Free Fund
New York Tax Free Fund
International Bond Fund
International Equity Fund
* Only Class A shares
3. Investment Company Act File Number: 811-4550
Securities Act File Number: 33-2610
4. Last day of fiscal year for which this notice is filed:
12/31/95
5. Check box if this notice is being filed more than 180 days
after the close of the issuer's fiscal year for purposes of
reporting securities sold after the close of the fiscal year
but before termination of the issuer's 24f-2 declaration:
[ ]
6. Date of termination of issuer's declaration under Rule 24f-
2(a)(1), if applicable (see Instruction A.6):
Not applicable
7. Number and amount of securities of the same class or series
which had been registered under the Securities Act of 1933
other than pursuant to Rule 24f-2 in a prior fiscal year,
but which remained unsold at the beginning of the fiscal
year: 0
8. Number and amount of securities registered during the fiscal
year other than pursuant to Rule 24f-2:
11,144,358 shares
$96,208,658
9. Number and aggregate sale price of securities sold during
the fiscal year:
699,743,487 shares
$2,548,195,560
10. Number and aggregate sale price of securities sold during
the fiscal year in reliance upon registration pursuant to
Rule 24f-2:
688,599,129 shares
$2,451,986,902
11. Number and aggregate sale price of securities issued during
the fiscal year in connection with dividend reinvestment
plans, if applicable (see Instruction B.7):
Included in response to Item 9
12. Calculation of registration fee:
(i) Aggregate sale price of securities sold during the
fiscal year in reliance on Rule 24f-2 (from Item
10): $2,451,986,902
(ii) Aggregate price of shares issued in connection
with dividend reinvestment plans (from Item 11, if
applicable): +0
(iii) Aggregate price of shares redeemed or repurchased
during the fiscal year (if applicable):
-1,415,727,892
(iv) Aggregate price of shares redeemed or repurchased
and previously applied as a reduction to filing
fees pursuant to Rule 24e-2 (if applicable): +0
(v) Net aggregate price of securities sold and issued
during the fiscal year in reliance on Rule 24f-2
(line (i), plus line (ii), less line (iii), plus
line (iv)) (if applicable): 1,036,259,010
(vi) Multiplier prescribed by Section 6(b) of the
Securities Act of 1933 or other applicable law or
regulation (see Instruction C.6): x 1/29 of 1%
(vii) Fee due (line (i) or line (v) multiplied by line
(vi)): $357,330.69
Instruction: Issuers should complete lines (ii), (iii), (iv),
and (v) only if the form is being filed within 60
days after the close of the issuer's fiscal year.
See Instruction C.3.
13. Check box if fees are being remitted to the Commission's
lockbox depository as described in Section 3a of the
Commission's Rules of Informal and Other Procedures (17 CFR
202.3a).
[ x ]
Date of mailing or wire transfer of filing fees to the
Commission's lockbox depository:
2/23/96
SIGNATURES
This report has been signed below by the following persons on
behalf of the issuer and in the capacities and on the date
indicated.
By (Signature and Title):* THE MAINSTAY FUNDS
/s/Anthony Polis, Chief Financial
Officer
Date: February 23, 1996
* Please print the name and title of the signing officer below
the signature.
<PAGE>
DECHERT PRICE & RHOADS
1500 K STREET, N.W.
SUITE 500
WASHINGTON, D.C. 20005
February 26, 1996
The MainStay Funds
51 Madison Avenue
New York, NY 10010
Dear Sirs:
As counsel for The MainStay Funds (the "Trust") during
the fiscal year ended December 31, 1995, we are familiar with the
Trust's registration under the Investment Company Act of 1940 and
with the registration statement relating to its shares of
beneficial interest (the "Shares") under the Securities Act of
1933 (File No. 33-2610) (the "Registration Statement"). We have
also examined such other corporate records, agreements, documents
and instruments as we deemed appropriate.
Based upon the foregoing, it is our opinion with
respect to the Shares, the registration of which is being made
definite by the Notice pursuant to Rule 24f-2 under the
Investment Company Act of 1940 (the "Notice") being filed on
behalf of the Trust for its fiscal year ended December 31, 1995,
assuming such Shares were sold at the public offering price and
delivered by the Trust against receipt of the net asset value of
the Shares in compliance with the terms of the Registration
Statement and the requirements of applicable law, that such
Shares were, when sold, duly and validly authorized, legally and
validly issued, fully paid and non-assessable.
We consent to the filing of this opinion in connection
with the Notice on Form 24F-2 to be filed on behalf of the Trust
with the Securities and Exchange Commission for the Trust's
fiscal year ended December 31, 1995.
Very truly yours,
