DECHERT PRICE & RHOADS
1500 K St., N.W.
Washington, DC 20005
March 6, 1997
VIA EDGAR
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: The MainStay Funds
File Nos. 33-2610 and 811-4550
Dear Sir or Madam:
The Prospectus supplement dated March 7, 1997 (the "Supplement") that was
filed pursuant to Rule 497(e) on behalf of The MainStay Funds (the "Trust") on
February 27, 1997 to become effective March 7, 1997 (Edgar Accession No.
0000950130-97-000765) is hereby withdrawn. The Supplement shall not become
effective, and the Trust's prospectus supplement dated January 7, 1997 remains
in effect.
If you have any questions concerning this letter or the withdrawn
Supplement, please do not hesitate to contact the undersigned at (202) 626-3314.
Very truly yours,
/s/ Jeffrey L. Steele
Attachment
cc: Sara L. Badler
New York Life Insurance Company
