<PAGE> 1
SUPPLEMENT DATED NOVEMBER 15, 1997
TO THE
MAINSTAY VARIABLE ANNUITY
STATEMENT OF ADDITIONAL INFORMATION
DATED MAY 1, 1997
This Supplement describes the use of the MainStay Variable Annuity Statement of
Additional Information dated May 1, 1997 (the "SAI") in connection with the
current MainStay Plus Variable Annuity Prospectus dated November 15, 1997 (the
"Prospectus"). This Supplement is not valid unless accompanied by the SAI. The
SAI, as supplemented hereby, should be read in conjunction with the Prospectus,
which may be obtained by writing to MainStay Annuities, 300 Berwyn Park, P.O.
Box 3031, Berwyn, PA 19312-0031, or by calling (888) 695-6246.
Any reference to the "MainStay Variable Annuity" contained in the SAI shall be
deemed to mean either the "MainStay Variable Annuity" or the "MainStay Plus
Variable Annuity," as the case may be. When used in connection with the
Prospectus, defined terms used in the SAI shall have the same meanings as in
the Prospectus.
New York Life Insurance and Annuity Corporation
(A Delaware Corporation)
51 Madison Avenue
New York, New York 10010
