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MainStay Plus Variable Annuity
Investing in
NYLIAC Variable Annuity Separate Account - III
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Supplement Dated August 1, 2000 to Prospectus Dated May 1, 2000
This supplement amends the May 1, 2000 prospectus for the MainStay
Plus Variable Annuity policies ("policies") issued in New York. The purpose of
the supplement is to conform the prospectus for the policies to the New York
policy form. This supplement provides information that you should know before
you invest in the policies. Please 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.
On page 24 of the prospectus, the paragraph under the heading ISSUE AGES is
changed as follows:
We can issue Non-Qualified Policies if both you and the Annuitant are
not older than age 85 (age 78 in Pennsylvania and age 80 in New York). We will
accept additional premium payments until either you or the Annuitant reaches
the age of 85 (age 80 in New York), unless we agree otherwise. For IRA, Roth
IRA, TSA and SEP plans, you must also be the Annuitant. We can issue Qualified
Policies if the Owner/Annuitant is between the ages of 18 and 80. We will
accept additional premium payments until the Owner/Annuitant reaches the age of
80, unless otherwise limited by the terms of a particular plan or unless we
agree otherwise.
NEW YORK LIFE INSURANCE AND ANNUITY CORPORATION
(A DELAWARE CORPORATION)
51 MADISON AVENUE
NEW YORK, NEW YORK 10010
MPVA-SUPP2800
