0000897436-06-000587 Sample Contracts

SUBADVISORY AGREEMENT The MainStay Funds
Subadvisory Agreement • December 29th, 2006 • Mainstay Funds • New York

SUBADVISORY AGREEMENT, made as of the 5th day of October, 2006 (the “Agreement”), between New York Life Investment Management LLC, a Delaware limited liability company (the “Manager”), on behalf of The MainStay Funds (the “Trust”), and Institutional Capital LLC (the “Subadvisor”).

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