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MAINSTAY VP SERIES FUND, INC.
GOVERNMENT PORTFOLIO
TOTAL RETURN PORTFOLIO
Supplement dated July 21, 2000
to the Prospectus dated May 1, 2000
PORTFOLIO MANAGER CHANGES
Government Portfolio. Effective July 2000, the Portfolio Managers of the
Government Portfolio are Mr. Gary Goodenough and Mr. Joseph Portera. Mr. Edward
Munshower and Mr. Christopher Harms no longer serve as Portfolio Managers of the
Portfolio.
Total Return Portfolio. Effective July 2000, the Portfolio Managers of the
Total Return Portfolio are Mr. Gary Goodenough, Mr. Christopher Harms, Mr.
Edmund C. Spelman and Mr. Rudolph C. Carryl. Mr. Edward Munshower no longer
serves as Portfolio Manager of the Portfolio.
PORTFOLIO MANAGERS: BIOGRAPHIES
The following biography is added to The Fund and its Management/Portfolio
Managers -- Biographies:
MR. GARY GOODENOUGH became a manager of the Government Fund and the
Total Return Fund in July 2000. Mr. Goodenough joined MacKay Shields as
Managing Director and Co-head of the Bond Team in 2000. Prior to joining
MacKay Shields, Mr. Goodenough was a Senior Portfolio Manager at Loomis
Sayles & Co. from December 1993 to May 2000. Prior to this, he was a
Managing Director at Bear Stearns & Company and was a Managing Director
of High Yield Bonds and a Managing Director of Global Bonds at Salomon
Brothers.
