NEW YORK LIFE MFA SERIES FUND INC
24F-2NT, 1999-03-19
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                     U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 24F-2
                        Annual Notice of Securities Sold
                             Pursuant to Rule 24f-2

                Read Instructions at end of Form before preparing
                                     Form.


1.    Name and address of issuer:

      MainStay VP Series Fund, Inc.
      51 Madison Avenue
      New York, NY  10010

2.    The name of each series of class of securities for which this Form is 
      filed (If the Form is being filed for all series and classes of securities
      of the issuer, check the box but do not list series or
      classes):  X

3.    Investment Company Act File Number:  811-03833

      Securities Act File Number:  33-86082

4(a). Last day of fiscal year for which this Form is filed:

      12/31/98

4(b).___Check box if this Form is being filed late (i.e., more than 90 calendar
        days after the end of the
        issuer's fiscal year).  (See Instruction A.2)

Note: If the Form is being filed late, interest must be paid on the registration
      fee due.

4(c).___Check box if this is the last time the issuer will be filing this Form.

5.   Calculation of registration fee:

     (i)    Aggregate  sale price of  securities  sold  during  the fiscal  year
            pursuant to Section 24(f): $0

     (ii)   Aggregate  price of securities  redeemed or  repurchased  during the
            fiscal year: $0

     (iii)  Aggregate  price of securities  redeemed or  repurchased  during any
            prior  fiscal year ending no earlier than October 11, 1995 that were
            not  previously  used to reduce  registration  fees  payable  to the
            Commission: $0

     (iv)   Total available redemption credits[add Items 5(ii) and 5(iii)]: $0

     (v)    Net sales--If  Item 5(i) is greater than Item 5(iv)  [subtract  Item
            5(iv)from Item 5(i)]: $0

     (vi)   Redemption credits available for use in future years if Item 5(i) is
            less  than  Item  5(iv)   [subtract  Item  5(iv)  from  Item  5(i)]:
            $(_______________)

     (vii)  Multiplier for determining registration fee (See Instruction C.9): x
            .000295

     (viii) Registration  fee due [multiply Item 5(v) by Item 5(vii)] (enter "0"
            for no fee is due): $0

6.     Prepaid Shares

       If the response to Item 5(i) was  determined  by deducting an amount of
       securities  that  were  registered  under  the  Securities  Act of 1933
       pursuant  to rule 24e-2 as in effect  before  October  11,  1997,  then
       report  the  amount of  securities  (number  of shares or other  units)
       deducted  here:  _____________  If there is a number of shares or other
       units that were registered  pursuant to rule 24e-2 remaining  unsold at
       the end of the  fiscal  year for  which  this  form is  filed  that are
       available for use by the issuer in future fiscal years, then state that
       number here:____________

7.     Interest due -- if this Form is being filed more than 90 days after the
       end of the issuer's fiscal year (see Instruction D): $______________

8.     Total of the amount of the registration fee due plus any interest due 
       (line 5(viii) plus line 7): $0

9.     Date the registration fee and any interest payment was sent to the
       Commission's lockbox depository:
       Method of Delivery:           __       Wire Transfer
                                     __       Mail or other means

                                   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):

                                    /s/ Sara L. Badler
Date:  March 13, 1999

                                   Sara L. Badler, Secretary
                                   -------------------------  
                                   Sara L. Badler, Secretary 


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