FORM OF C O M P O S I T E ----------------- THE MAINSTAY FUNDS [CALIFORNIA TAX FREE FUND] [CAPITAL APPRECIATION FUND] [CONVERTIBLE FUND] [EQUITY INDEX FUND] [GOVERNMENT FUND] [HIGH YIELD CORPORATE BOND FUND] [INTERNATIONAL BOND FUND] [INTERNATIONAL...Management Agreement • November 6th, 1997 • Mainstay Funds • New York
FORM OF C O M P O S I T E ----------------- [CALIFORNIA TAX FREE FUND] [CAPITAL APPRECIATION FUND] [CONVERTIBLE FUND] [EQUITY INDEX FUND] [GOVERNMENT FUND] [HIGH YIELD CORPORATE BOND FUND] [INTERNATIONAL BOND FUND] [INTERNATIONAL EQUITY FUND] [MONEY...Sub-Advisory Agreement • November 6th, 1997 • Mainstay Funds • New York
