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:
Class A and Class B shares of the
Capital Appreciation Fund
Convertible Fund
Government Fund
High Yield Corporate Bond Fund
International Bond Fund
International Equity Fund
Money Market Fund
Tax Free Bond Fund
Total Return Fund
California Tax Free Fund
New York Tax Free Fund and
Value Fund and
Class A shares of the Equity Index Fund
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:
12/31/96
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: 0
9. Number and aggregate sale price of securities sold during the fiscal
year:
917,895,446 shares
$4,042,756,414
10. Number and aggregate sale price of securities sold during the fiscal
year in reliance upon registration pursuant to Rule 24f-2:
917,895,446 shares
$4,042,756,414
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): $4,042,756,414
(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): -2,022,005,289
(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):
2,020,751,125
(vi) Multiplier prescribed by Section 6(b) of the Securities Act of
1933 or other applicable law or regulation (see Instruction
C.6): x 1/33 of 1%
(vii) Fee due (line (i) or line (v) multiplied by line (vi)):
612,348.83
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: February 24, 1997
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 W. Polis
Anthony W. Polis
Chief Financial Officer
Date: February 19, 1997
* 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 25, 1997
The MainStay Funds
51 Madison Avenue
New York, NY 10010
Ladies and Gentlemen:
As counsel for The MainStay Funds (the "Trust") during the fiscal year
ended December 31, 1996, 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 trust 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, 1996, 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 by the Trust.
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, 1996.
Very truly yours,
/s/Dechert Price & Rhoads
