NEW YORK LIFE MFA SERIES FUND INC
497J, 1997-01-13
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                           MAINSTAY VP SERIES FUND, INC.
                        Supplement dated January 13, 1997
                     to the Prospectus dated October 1, 1996


   Michael Perelstein is no longer with MacKay-Shields Financial Corporation,
   MainStay VP International Equity Portfolio s investment adviser. 
   Accordingly, Mr. Perelstein s biography which appears on page 35 under the
   heading  Portfolio Managers  is hereby deleted.  Shigemi Takagi remains a
   portfolio manager of the International Equity Portfolio.  His biography
   appears on page 35.<PAGE>


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