DECHERT PRICE & RHOADS
1500 K STREET, N.W., SUITE 500
WASHINGTON, D.C. 20005
(202) 626-3300
May 6, 1996
VIA ELECTRONIC TRANSMISSION
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20005
Re: The MainStay Funds
File Nos. 33-2610 and 811-4550
Dear Sir/Madam:
On behalf of The MainStay Funds, a registered management
investment company (the "Trust"), pursuant to Rule 497(j) under
the Securities Act of 1933 (the "Act"), we hereby certify that
the form of prospectus that would have been filed under Rule
497(c) on behalf of the Trust does not differ from that contained
in the Trust's most recent post-effective amendment, Post-
Effective Amendment No. 33 filed April 30, 1996. The text of
Post-Effective Amendment No. 33 was filed electronically. Post-
Effective Amendment No. 33 contains a prospectus supplement dated
May 1, 1996 required by the states of Arizona, Massachusetts,
Texas, Vermont and Washington with respect to the High Yield
Corporate Bond Fund and the Convertible Fund, each a series of
the Trust. The definitive form of the Trust's Statement of
Additional Information is being filed pursuant to Rule 497(c)
under the Act.
Please do not hesitate to contact Jennifer B. McHugh at
(202) 626-3370 or the undersigned at (202) 626-3314 if you have
any questions regarding this certification.
Sincerely,
/s/ Jeffrey L. Steele
Jeffrey L. Steele
