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MAINSTAY VP SERIES FUND, INC.
Supplement dated February 29, 2000
To the Prospectus dated May 1, 1999
Steven Tananbaum is no longer employed by MacKay Shields LLC, the
investment adviser to the MainStay VP Corporate Bond Portfolio. Accordingly, Mr.
Tananbaum's biography which appears under the heading "The Fund and its
Management - - Portfolio Managers - - Biographies" is hereby deleted in its
entirety.
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