<PAGE> 1
MainStay Plus Variable Annuity
Investing in
NYLIAC Variable Annuity Separate Account-III
- -------------------------------------------------------------------------------
Supplement Dated May 1, 1999 to Prospectus Dated May 1, 1999
This supplement describes an administrative change to the MainStay
Plus Variable Annuity policies that New York Life Insurance and Annuity
Corporation ("NYLIAC") offers through banks, thrifts, and saving and loan
associations. This supplement provides information that you should know before
you invest in the policies. You should read this supplement carefully and
retain it for future reference. This supplement is not valid unless it is
accompanied by a current prospectus for the policies. The terms we use in this
supplement have the same meanings as in the prospectus for the policies.
If you purchase your policy through a bank, thrift, or saving and loan
association, the telephone number and/or address that appears in (i) the fifth
paragraph on the cover page of the prospectus, (ii) the answer to Question 17
"How do I contact MainStay Annuities or NYLIAC?" on page 16 of the prospectus,
(iii) the second paragraph of the section entitled "Procedures for Telephone
Transactions" on page 22 of the prospectus and (iv) the request for a Statement
of Additional Information on page 40 of the prospectus, is considered deleted
in its entirety and replaced with the following address and/or telephone
number, as appropriate:
Address: For Delivery via Regular Mail:
MAINSTAY Annuities
P.O. Box 13886
Newark, New Jersey 07188-0886
For Delivery Via Overnight Courier:
MAINSTAY ANNUITIES (Box 13886)
300 Harmon Meadow Boulevard 3rd floor
Secaucus, New Jersey 07904
Telephone Number: (800) 762-6212
You should direct your inquiries and premium payments to the address
and/or telephone number listed above, as appropriate.
New York Life Insurance and Annuity Corporation
(A Delaware Corporation)
51 Madison Avenue
New York, New York 10010
<PAGE> 2
MainStay Plus Variable Annuity
Investing in
NYLIAC Variable Annuity Separate Account-III
- -------------------------------------------------------------------------------
Supplement Dated May 1, 1999 to
Statement of Additional Information Dated May 1, 1999
This supplement describes an administrative change to the MainStay Plus
Variable Annuity policies that New York Life Insurance and Annuity Corporation
("NYLIAC") offers through banks, thrifts, and saving and loan associations.
This supplement provides information that you should know before you invest in
the policies. You should read this supplement carefully and retain it for
future reference. This supplement is not valid unless it is accompanied by a
current statement of additional information for the policies. The terms we use
in this supplement have the same meanings as in the prospectus for the
policies.
If you purchase your policy through a bank, thrift, or saving and loan
association, the telephone number and/or address that appears in the first
paragraph on the cover page of the statement of additional information is
considered deleted in its entirety and replaced with the following address
and/or telephone number:
Address: For Delivery via Regular Mail:
MAINSTAY Annuities
P.O. Box 13886
Newark, New Jersey 07188-0886
For Delivery Via Overnight Courier:
MAINSTAY ANNUITIES (Box 13886)
300 Harmon Meadow Boulevard 3rd floor
Secaucus, New Jersey 07904
Telephone Number: (800) 762-6212
You should direct your inquiries and premium payments to the address
and/or telephone number listed above, as appropriate.
New York Life Insurance and Annuity Corporation
(A Delaware Corporation)
51 Madison Avenue
New York, New York 10010
