July 8, 1997
Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
Re: The MainStay Funds
File Nos. 33-2610; 811-4550
Ladies and Gentlemen:
This letter serves as notification of the existence of a Spanish
language version of The MainStay Funds' (the "Trust's") prospectus dated May 1,
1997 as supplemented May 6, 1997. In addition, there exists a Spanish language
version of the Trust's Statement of Additional Information ("SAI") dated May 1,
1997.
Pursuant to Rule 306 of Regulation S-T, we hereby represent that a fair
and accurate English translation of the Trust's Spanish language prospectus
dated May 1, 1997 may be found in Post-Effective Amendment No. 37 to the Trust's
registration statement, which was filed April 30, 1997 (accession no.
0000950130-97-002027) and that a fair and accurate English translation of the
prospectus supplement dated May 6, 1997 may be found in the Trust's 497 filing
made May 6, 1997 (accession no. 0000943663-97-000110). We further represent that
a fair and accurate English translation of the Trust's Spanish language SAI
dated May 1, 1997 may be found in the Trust's 497 filing made May 5, 1997
(accession no. 0000950130-97-002134).
If you have any questions with respect to any of the above, please do
not hesitate to contact Jeffrey L. Steele at (202) 626-3314 or the undersigned
at (212) 576-5773.
Sincerely,
/s/A. Thomas Smith III
cc: Jeffrey L. Steele
Dechert Price & Rhoads
