THE MAINSTAY(R) FUNDS
Supplement dated October 27, 2000
To the Statement of Additional Information dated May 1, 2000
The third paragraph on page 97 of The MainStay Funds' Statement of
Additional Information under the heading "Purchases at NAV" is hereby amended to
read as follows:
Class A shares of the Funds also may be purchased at net asset value,
without payment of any sales charge, through financial services firms such as
broker-dealers, investment advisors and other financial institutions which have
entered into an agreement with the Funds or the Distributor which provides for
the sale and/or servicing of Fund shares in respect of beneficial owners that
are clients of the financial services firms or intermediaries contracting with
such firms. Sales and/or servicing agreements with third parties also have been
established on behalf of Class B and Class C shares. The Funds, the Distributor,
MSS or affiliates may pay fees to such firms and/or intermediaries in connection
with these arrangements on behalf of Class A, B and/or C shares.
