Fund Name	Monthly Average Annual Total Returns as of 04/30/08					Quarterly Average Annual Total Returns as of 03/31/08
Share Class (Inception)	1 Year %	3 Year %	5 Year %	10 Year %	Since Incep. %	1 Year %	3 Year %	5 Year %	10 Year %	Since Incep. %
MainStay 130/30 Core Fund
Without Sales Charges (NAV):
Class A (06/29/2007)	n/a	n/a	n/a	n/a	-13.18	n/a	n/a	n/a	n/a	-17.18
Class INV (02/28/2008)	n/a	n/a	n/a	n/a	-13.18	n/a	n/a	n/a	n/a	-17.08
Class C (06/29/2007)	n/a	n/a	n/a	n/a	-13.80	n/a	n/a	n/a	n/a	-17.70
With Sales Charges (POP):
Class A (06/29/2007)	n/a	n/a	n/a	n/a	-17.95	n/a	n/a	n/a	n/a	-21.74
Class INV (02/28/2008)	n/a	n/a	n/a	n/a	-17.95	n/a	n/a	n/a	n/a	-21.64
Class C (06/29/2007)	n/a	n/a	n/a	n/a	-14.66	n/a	n/a	n/a	n/a	-18.52
Class A & INV: 5.5% maximum initial sales charge. Class C: 1% CDSC if redeemed within one year. Class I: No initial sales charge or CDSC, generally available to corporate & institutional investors with a minimum initial investment of $5 million. Gross Expenses: Class A & INV 2.60%, C 3.35%, I 2.22%
MainStay 130/30 Growth Fund
Without Sales Charges (NAV):
Class A (06/29/2007)	n/a	n/a	n/a	n/a	-2.00	n/a	n/a	n/a	n/a	-6.20
Class INV (02/28/2008)	n/a	n/a	n/a	n/a	-1.80	n/a	n/a	n/a	n/a	-6.10
Class C (06/29/2007)	n/a	n/a	n/a	n/a	-2.60	n/a	n/a	n/a	n/a	-6.70
With Sales Charges (POP):
Class A (06/29/2007)	n/a	n/a	n/a	n/a	-7.39	n/a	n/a	n/a	n/a	-11.36
Class INV (02/28/2008)	n/a	n/a	n/a	n/a	-7.20	n/a	n/a	n/a	n/a	-11.26
Class C (06/29/2007)	n/a	n/a	n/a	n/a	-3.57	n/a	n/a	n/a	n/a	-7.63
Class A & INV: 5.5% maximum initial sales charge. Class C: 1% CDSC if redeemed within one year. Class I: No initial sales charge or CDSC, generally available to corporate & institutional investors with a minimum initial investment of $5 million. Gross Expenses: Class A & INV 3.05%, C 3.80%, I 2.75%
Share Class (Inception)	1 Year %	3 Year %	5 Year %	10 Year %	Since Incep. %	1 Year %	3 Year %	5 Year %	10 Year %	Since Incep. %
MainStay All Cap Growth Fund
Without Sales Charges (NAV):
Class A (01/02/2004)	-0.11	10.88	10.51	2.08	10.33	-2.37	7.21	10.96	1.49	9.99
Class INV (02/28/2008)	-0.07	10.89	10.52	2.08	10.33	-2.28	7.24	10.97	1.50	9.99
Class B (01/02/2004)	-0.89	10.05	9.69	1.23	9.26	-3.06	6.41	10.12	0.65	8.93
Class C (01/02/2004)	-0.89	10.08	9.70	1.24	9.27	-3.02	6.46	10.15	0.66	8.94
With Sales Charges (POP):
Class A (01/02/2004)	-5.60	8.81	9.27	1.50	9.97	-7.74	5.21	9.71	0.92	9.63
Class INV (02/28/2008)	-5.56	8.82	9.28	1.51	9.97	-7.66	5.24	9.73	0.93	9.63
Class B (01/02/2004)	-5.44	9.22	9.41	1.23	9.26	-7.51	5.52	9.85	0.65	8.93
Class C (01/02/2004)	-1.80	10.08	9.70	1.24	9.27	-3.91	6.46	10.15	0.66	8.94
Class A & INV: 5.5% maximum initial sales charge. Class B: CDSC up to 5% if redeemed within six years. Class C: 1% CDSC if redeemed within one year. Class I: No initial sales charge or CDSC, generally available to corporate & institutional investors with a minimum initial investment of $5 million. Gross Expenses: Class A 1.36%, INV 1.66%, B 2.36%, C 2.36%, I 0.95%
MainStay Capital Appreciation Fund
Without Sales Charges (NAV):
Class A (01/03/1995)	-3.74	7.67	7.65	0.55	9.23	-6.20	3.87	7.88	-0.08	8.93
Class INV (02/28/2008)	-3.71	7.68	7.66	0.55	9.23	-6.17	3.88	7.89	-0.08	8.93
Class B (05/01/1986)	-4.46	6.88	6.85	-0.22	8.40	-6.85	3.10	7.09	-0.84	8.11
Class C (09/01/1998)	-4.46	6.89	6.85	-0.21	8.40	-6.86	3.10	7.09	-0.84	8.11
With Sales Charges (POP):
Class A (01/03/1995)	-9.03	5.66	6.44	-0.02	8.95	-11.36	1.93	6.67	-0.64	8.65
Class INV (02/28/2008)	-9.00	5.67	6.44	-0.01	8.95	-11.33	1.94	6.68	-0.64	8.65
Class B (05/01/1986)	-8.90	5.99	6.54	-0.22	8.40	-11.18	2.15	6.78	-0.84	8.11
Class C (09/01/1998)	-5.35	6.89	6.85	-0.21	8.40	-7.72	3.10	7.09	-0.84	8.11
Class A & INV: 5.5% maximum initial sales charge. Class B: CDSC up to 5% if redeemed within six years. Class C: 1% CDSC if redeemed within one year. Class I: No initial sales charge or CDSC, generally available to corporate & institutional investors with a minimum initial investment of $5 million. Gross Expenses: Class A 1.10%, INV 1.35%, B 2.05%, C 2.05%, I 0.65%
Share Class (Inception)	1 Year %	3 Year %	5 Year %	10 Year %	Since Incep. %	1 Year %	3 Year %	5 Year %	10 Year %	Since Incep. %
MainStay Common Stock Fund
Without Sales Charges (NAV):
Class A (06/01/1998)	-7.01	7.77	9.81	n/a	4.18	-7.75	5.09	10.01	n/a	3.70
Class INV (02/28/2008)	-6.94	7.80	9.82	n/a	4.18	-7.68	5.12	10.02	n/a	3.70
Class B (06/01/1998)	-7.70	6.98	9.00	n/a	3.40	-8.39	4.36	9.20	n/a	2.94
Class C (09/01/1998)	-7.70	6.99	9.01	n/a	3.40	-8.31	4.36	9.21	n/a	2.94
With Sales Charges (POP):
Class A (06/01/1998)	-12.13	5.76	8.57	n/a	3.58	-12.82	3.13	8.77	n/a	3.10
Class INV (02/28/2008)	-12.06	5.79	8.59	n/a	3.59	-12.75	3.16	8.79	n/a	3.11
Class B (06/01/1998)	-11.94	6.10	8.72	n/a	3.40	-12.59	3.43	8.92	n/a	2.94
Class C (09/01/1998)	-8.54	6.99	9.01	n/a	3.40	-9.15	4.36	9.21	n/a	2.94
Class A & INV: 5.5% maximum initial sales charge. Class B: CDSC up to 5% if redeemed within six years. Class C: 1% CDSC if redeemed within one year. Gross Expenses: Class A 1.26%, INV 1.58%, B 2.29%, C 2.29%, I 0.88%
MainStay Equity Index Fund
Without Sales Charges (NAV):
Class A (12/20/1990)	-5.24	7.62	9.87	3.13	9.84	-5.61	5.25	10.56	2.75	9.59
With Sales Charges (POP):
Class A (12/20/1990)	-8.08	6.54	9.20	2.82	9.65	-8.44	4.18	9.89	2.43	9.40
Class A: 3% maximum initial sales charge. Gross Expenses: Class A 0.74%
Share Class (Inception)	1 Year %	3 Year %	5 Year %	10 Year %	Since Incep. %	1 Year %	3 Year %	5 Year %	10 Year %	Since Incep. %
MainStay ICAP Equity Fund
Without Sales Charges (NAV):
Class A (08/31/2006)	-4.03	10.63	12.53	5.53	11.82	-4.08	8.46	13.15	5.40	11.55
Class INV (04/30/2008)	-4.03	10.62	12.53	5.53	11.82	n/a	n/a	n/a	n/a	n/a
Class C (08/31/2006)	-4.76	9.80	11.69	4.74	10.99	-4.80	7.65	12.30	4.61	10.72
With Sales Charges (POP):
Class A (08/31/2006)	-9.31	8.56	11.26	4.94	11.35	-9.36	6.44	11.88	4.81	11.08
Class INV (04/30/2008)	-9.31	8.56	11.26	4.94	11.35	n/a	n/a	n/a	n/a	n/a
Class C (08/31/2006)	-5.60	9.80	11.69	4.74	10.99	-5.64	7.65	12.30	4.61	10.72
Class A & INV: 5.5% maximum initial sales charge. Class C: 1% CDSC if redeemed within one year. Class I: No initial sales charge or CDSC, generally available to corporate & institutional investors with a minimum initial investment of $5 million. Gross Expenses: Class A 1.20%, INV 1.52%, C 2.22%, R1 1.02%, R2 1.27%, R3 1.52%, I 0.92%
MainStay ICAP Select Equity Fund
Without Sales Charges (NAV):
Class A (08/31/2006)	-4.17	10.49	15.19	8.29	9.67	-3.58	8.18	15.86	8.20	9.34
Class INV (04/30/2008)	-4.17	10.48	15.18	8.29	9.67	n/a	n/a	n/a	n/a	n/a
Class C (08/31/2006)	-4.86	9.67	14.33	7.49	8.86	-4.28	7.39	15.01	7.40	8.53
With Sales Charges (POP):
Class A (08/31/2006)	-9.44	8.42	13.89	7.68	9.07	-8.88	6.16	14.56	7.59	8.74
Class INV (04/30/2008)	-9.44	8.42	13.89	7.68	9.07	n/a	n/a	n/a	n/a	n/a
Class C (08/31/2006)	-5.69	9.67	14.33	7.49	8.86	-5.12	7.39	15.01	7.40	8.53
Class A & INV: 5.5% maximum initial sales charge. Class C: 1% CDSC if redeemed within one year. Class I: No initial sales charge or CDSC, generally available to corporate & institutional investors with a minimum initial investment of $5 million. Gross Expenses: Class A 1.21%, INV 1.32%, C 2.05%, R1 1.01%, R2 1.26%, R3 1.51%, I 0.91%
Share Class (Inception)	1 Year %	3 Year %	5 Year %	10 Year %	Since Incep. %	1 Year %	3 Year %	5 Year %	10 Year %	Since Incep. %
MainStay Large Cap Growth Fund
Without Sales Charges (NAV):
Class A (04/01/2005)	10.34	13.05	12.99	3.96	7.87	6.67	9.85	13.83	3.29	7.38
Class INV (02/28/2008)	10.50	13.10	13.03	3.98	7.88	6.83	9.91	13.87	3.30	7.39
Class B (04/01/2005)	9.51	12.21	12.17	3.19	7.07	5.92	9.05	12.99	2.52	6.58
Class C (04/01/2005)	9.51	12.21	12.17	3.19	7.07	5.92	9.05	12.99	2.52	6.58
With Sales Charges (POP):
Class A (04/01/2005)	4.27	10.94	11.72	3.38	7.40	0.80	7.80	12.55	2.71	6.90
Class INV (02/28/2008)	4.42	10.99	11.76	3.39	7.41	0.96	7.86	12.59	2.72	6.91
Class B (04/01/2005)	4.51	11.41	11.92	3.19	7.07	0.92	8.20	12.75	2.52	6.58
Class C (04/01/2005)	8.51	12.21	12.17	3.19	7.07	4.92	9.05	12.99	2.52	6.58
Class A & INV: 5.5% maximum initial sales charge. Class B: CDSC up to 5% if redeemed within six years. Class C: 1% CDSC if redeemed within one year. Class I: No initial sales charge or CDSC, generally available to corporate & institutional investors with a minimum initial investment of $5 million. Gross Expenses: Class A 1.34%, INV 1.54%, B 2.24%, C 2.24%, R1 1.01%, R2 1.27%, R3 1.51%, I 0.91%
MainStay MAP Fund
Without Sales Charges (NAV):
Class A (06/09/1999)	-3.07	10.54	14.70	n/a	8.80	-3.16	7.78	15.41	n/a	8.37
Class INV (02/28/2008)	-3.02	10.56	14.71	n/a	8.81	-3.10	7.80	15.43	n/a	8.38
Class B (06/09/1999)	-3.82	9.72	13.85	n/a	8.00	-3.90	6.97	14.55	n/a	7.57
Class C (06/09/1999)	-3.82	9.72	13.85	n/a	8.00	-3.87	6.98	14.56	n/a	7.58
With Sales Charges (POP):
Class A (06/09/1999)	-8.41	8.48	13.41	n/a	8.12	-8.49	5.76	14.12	n/a	7.68
Class INV (02/28/2008)	-8.35	8.50	13.42	n/a	8.12	-8.43	5.79	14.13	n/a	7.69
Class B (06/09/1999)	-8.04	8.89	13.61	n/a	8.00	-8.12	6.15	14.32	n/a	7.57
Class C (06/09/1999)	-4.66	9.72	13.85	n/a	8.00	-4.71	6.98	14.56	n/a	7.58
Class A & INV: 5.5% maximum initial sales charge. Class B: CDSC up to 5% if redeemed within six years. Class C: 1% CDSC if redeemed within one year. Class I: No initial sales charge or CDSC, generally available to corporate & institutional investors with a minimum initial investment of $5 million. Class R1 & R2: No initial sales charge or CDSC, available only through corporate-sponsored retirement programs, which include certain minimum program requirements. Gross Expenses: Class A 1.22%, INV 1.32%, B 2.05%, C 2.05%, R1 1.02%, R2 1.27%, R3 1.52%, I 0.92%
Share Class (Inception)	1 Year %	3 Year %	5 Year %	10 Year %	Since Incep. %	1 Year %	3 Year %	5 Year %	10 Year %	Since Incep. %
MainStay Mid Cap Growth Fund
Without Sales Charges (NAV):
Class A (01/02/2001)	-2.12	11.95	17.52	n/a	4.64	-4.66	7.66	18.05	n/a	3.76
Class INV (02/28/2008)	-2.12	11.95	17.52	n/a	4.64	-4.66	7.66	18.05	n/a	3.76
Class B (01/02/2001)	-2.93	11.11	16.69	n/a	3.85	-5.47	6.88	17.21	n/a	2.97
Class C (01/02/2001)	-2.86	11.15	16.69	n/a	3.85	-5.39	6.88	17.21	n/a	2.97
With Sales Charges (POP):
Class A (01/02/2001)	-7.50	9.86	16.20	n/a	3.83	-9.91	5.65	16.72	n/a	2.95
Class INV (02/28/2008)	-7.50	9.86	16.20	n/a	3.83	-9.91	5.65	16.72	n/a	2.95
Class B (01/02/2001)	-7.52	10.30	16.47	n/a	3.85	-9.94	6.00	17.00	n/a	2.97
Class C (01/02/2001)	-3.78	11.15	16.69	n/a	3.85	-6.29	6.88	17.21	n/a	2.97
Class A & INV: 5.5% maximum initial sales charge. Class B: CDSC up to 5% if redeemed within six years. Class C: 1% CDSC if redeemed within one year. Gross Expenses: Class A 1.36%, INV 1.52%, B 2.24%, C 2.24%, R2 1.35%, R3 1.60%, I 1.00%
MainStay Mid Cap Opportunity Fund
Without Sales Charges (NAV):
Class A (01/02/2004)	-13.53	6.02	12.48	6.00	11.36	-15.68	2.42	12.70	5.39	10.93
Class INV (02/28/2008)	-13.53	6.02	12.48	6.00	11.36	-15.64	2.43	12.71	5.40	10.93
Class B (01/02/2004)	-14.18	5.22	11.64	5.19	10.48	-16.29	1.66	11.87	4.58	10.05
Class C (12/30/2002)	-14.20	5.22	11.63	5.19	10.48	-16.31	1.65	11.86	4.58	10.05
With Sales Charges (POP):
Class A (01/02/2004)	-18.29	4.04	11.22	5.41	10.89	-20.32	0.50	11.44	4.80	10.46
Class INV (02/28/2008)	-18.29	4.04	11.22	5.41	10.89	-20.28	0.52	11.45	4.80	10.46
Class B (01/02/2004)	-17.91	4.38	11.38	5.19	10.48	-19.93	0.84	11.61	4.58	10.05
Class C (12/30/2002)	-14.94	5.22	11.63	5.19	10.48	-17.04	1.65	11.86	4.58	10.05
Class A & INV: 5.5% maximum initial sales charge. Class B: CDSC up to 5% if redeemed within six years. Class C: 1% CDSC if redeemed within one year. Class I: No initial sales charge or CDSC, generally available to corporate & institutional investors with a minimum initial investment of $5 million. Gross Expenses: Class A 1.54%, INV 1.78%, B 2.48%, C 2.48%, R3 1.77%, I 1.17%
Share Class (Inception)	1 Year %	3 Year %	5 Year %	10 Year %	Since Incep. %	1 Year %	3 Year %	5 Year %	10 Year %	Since Incep. %
MainStay Mid Cap Value Fund
Without Sales Charges (NAV):
Class A (06/01/1998)	-10.11	7.28	11.96	n/a	9.86	-11.10	3.00	12.19	n/a	9.38
Class INV (02/28/2008)	-10.11	7.28	11.96	n/a	9.86	-11.10	3.00	12.19	n/a	9.38
Class B (06/01/1998)	-10.77	6.50	11.13	n/a	9.05	-11.79	2.24	11.38	n/a	8.56
Class C (09/01/1998)	-10.72	6.50	11.13	n/a	9.05	-11.73	2.24	11.36	n/a	8.56
With Sales Charges (POP):
Class A (06/01/1998)	-15.05	5.28	10.70	n/a	9.24	-15.99	1.08	10.93	n/a	8.75
Class INV (02/28/2008)	-15.05	5.28	10.70	n/a	9.24	-15.99	1.08	10.93	n/a	8.75
Class B (06/01/1998)	-14.50	5.78	10.87	n/a	9.05	-15.48	1.55	11.12	n/a	8.56
Class C (09/01/1998)	-11.47	6.50	11.13	n/a	9.05	-12.47	2.24	11.36	n/a	8.56
Class A & INV: 5.5% maximum initial sales charge. Class B: CDSC up to 5% if redeemed within six years. Class C: 1% CDSC if redeemed within one year. Class I: No initial sales charge or CDSC, generally available to corporate & institutional investors with a minimum initial investment of $5 million. Class R1 & R2: No initial sales charge or CDSC, available only through corporate-sponsored retirement programs, which include certain minimum program requirements. Gross Expenses: Class A 1.29%, INV 1.42%, B 2.14%, C 2.14%, R1 0.92%, R2 1.16%, I 0.81%
MainStay S&P 500 Index Fund
Without Sales Charges (NAV):
Class A (01/02/2004)	-5.16	7.57	9.96	3.43	10.25	-5.58	5.20	10.67	3.05	10.00
Class INV (02/28/2008)	-5.13	7.58	9.97	3.44	10.25	-5.58	5.20	10.67	3.05	10.00
With Sales Charges (POP):
Class A (01/02/2004)	-8.01	6.48	9.30	3.12	10.05	-8.41	4.14	9.99	2.73	9.80
Class INV (02/28/2008)	-7.98	6.49	9.30	3.12	10.06	-8.41	4.14	9.99	2.73	9.80
Class A & INV: 3% maximum initial sales charge. Class I: No initial sales charge or CDSC, generally available to corporate & institutional investors with a minimum initial investment of $5 million. Gross Expenses: Class A 0.72%, INV 0.93%, I 0.42%
Share Class (Inception)	1 Year %	3 Year %	5 Year %	10 Year %	Since Incep. %	1 Year %	3 Year %	5 Year %	10 Year %	Since Incep. %
MainStay Small Cap Growth Fund
Without Sales Charges (NAV):
Class A (06/01/1998)	-15.14	2.68	7.58	n/a	4.21	-18.64	-1.63	8.07	n/a	3.54
Class INV (02/28/2008)	-15.08	2.71	7.60	n/a	4.22	-18.58	-1.61	8.08	n/a	3.54
Class B (06/01/1998)	-15.78	1.92	6.77	n/a	3.42	-19.25	-2.35	7.27	n/a	2.75
Class C (09/01/1998)	-15.83	1.92	6.77	n/a	3.42	-19.25	-2.35	7.27	n/a	2.75
With Sales Charges (POP):
Class A (06/01/1998)	-19.81	0.76	6.37	n/a	3.62	-23.11	-3.47	6.85	n/a	2.94
Class INV (02/28/2008)	-19.75	0.79	6.39	n/a	3.62	-23.06	-3.45	6.87	n/a	2.95
Class B (06/01/1998)	-19.99	0.95	6.46	n/a	3.42	-23.28	-3.34	6.97	n/a	2.75
Class C (09/01/1998)	-16.67	1.92	6.77	n/a	3.42	-20.05	-2.35	7.27	n/a	2.75
Class A & INV: 5.5% maximum initial sales charge. Class B: CDSC up to 5% if redeemed within six years. Class C: 1% CDSC if redeemed within one year. Gross Expenses: Class A 1.71%, INV 1.97%, B 2.68%, C 2.68%, I 1.30%
MainStay Small Cap Opportunity Fund
Without Sales Charges (NAV):
Class A (01/02/2004)	-26.16	-0.38	11.21	5.29	9.80	-26.70	-2.94	12.32	5.12	9.72
Class INV (02/28/2008)	-26.10	-0.35	11.22	5.29	9.80	-26.65	-2.91	12.34	5.13	9.73
Class B (01/02/2004)	-26.75	-1.14	10.33	4.46	8.80	-27.24	-3.68	11.45	4.30	8.73
Class C (12/30/2002)	-26.70	-1.12	10.37	4.48	8.82	-27.22	-3.66	11.49	4.31	8.74
With Sales Charges (POP):
Class A (01/02/2004)	-30.22	-2.24	9.95	4.69	9.51	-30.73	-4.75	11.06	4.53	9.43
Class INV (02/28/2008)	-30.17	-2.21	9.97	4.70	9.51	-30.68	-4.73	11.07	4.54	9.44
Class B (01/02/2004)	-29.97	-1.94	10.06	4.46	8.80	-30.44	-4.46	11.19	4.30	8.73
Class C (12/30/2002)	-27.34	-1.12	10.37	4.48	8.82	-27.86	-3.66	11.49	4.31	8.74
Class A & INV: 5.5% maximum initial sales charge. Class B: CDSC up to 5% if redeemed within six years. Class C: 1% CDSC if redeemed within one year. Class I: No initial sales charge or CDSC, generally available to corporate & institutional investors with a minimum initial investment of $5 million. Gross Expenses: Class A 1.63%, INV 1.92%, B 2.56%, C 2.56%, I 1.35%
Share Class (Inception)	1 Year %	3 Year %	5 Year %	10 Year %	Since Incep. %	1 Year %	3 Year %	5 Year %	10 Year %	Since Incep. %
MainStay Small Cap Value Fund
Without Sales Charges (NAV):
Class A (06/01/1998)	-16.60	0.67	7.86	n/a	6.50	-17.78	-2.18	9.19	n/a	6.30
Class INV (02/28/2008)	-16.41	0.75	7.90	n/a	6.53	-17.59	-2.11	9.24	n/a	6.32
Class B (06/01/1998)	-17.12	-0.04	7.06	n/a	5.72	-18.38	-2.92	8.37	n/a	5.51
Class C (09/01/1998)	-17.12	-0.04	7.06	n/a	5.72	-18.38	-2.92	8.36	n/a	5.51
With Sales Charges (POP):
Class A (06/01/1998)	-21.18	-1.21	6.64	n/a	5.90	-22.30	-4.01	7.96	n/a	5.69
Class INV (02/28/2008)	-21.01	-1.13	6.69	n/a	5.92	-22.12	-3.94	8.01	n/a	5.72
Class B (06/01/1998)	-20.35	-0.70	6.84	n/a	5.72	-21.56	-3.56	8.14	n/a	5.51
Class C (09/01/1998)	-17.77	-0.04	7.06	n/a	5.72	-19.01	-2.92	8.36	n/a	5.51
Class A & INV: 5.5% maximum initial sales charge. Class B: CDSC up to 5% if redeemed within six years. Class C: 1% CDSC if redeemed within one year. Gross Expenses: Class A 1.62%, INV 1.80%, B 2.50%, C 2.50%, I 1.28%
MainStay Value Fund
Without Sales Charges (NAV):
Class A (01/03/1995)	-6.79	7.59	11.15	3.05	9.05	-7.17	5.26	11.63	2.49	8.85
Class INV (02/28/2008)	-6.64	7.65	11.18	3.06	9.06	-7.01	5.32	11.66	2.51	8.86
Class B (05/01/1986)	-7.50	6.80	10.32	2.27	8.27	-7.87	4.48	10.80	1.73	8.07
Class C (09/01/1998)	-7.50	6.80	10.32	2.27	8.27	-7.87	4.48	10.80	1.73	8.07
With Sales Charges (POP):
Class A (01/03/1995)	-11.92	5.58	9.90	2.46	8.77	-12.28	3.29	10.37	1.92	8.57
Class INV (02/28/2008)	-11.78	5.64	9.93	2.48	8.78	-12.13	3.35	10.41	1.93	8.58
Class B (05/01/1986)	-11.63	5.95	10.05	2.27	8.27	-11.97	3.65	10.53	1.73	8.07
Class C (09/01/1998)	-8.32	6.80	10.32	2.27	8.27	-8.69	4.48	10.80	1.73	8.07
Class A & INV: 5.5% maximum initial sales charge. Class B: CDSC up to 5% if redeemed within six years. Class C: 1% CDSC if redeemed within one year. Class I: No initial sales charge or CDSC, generally available to corporate & institutional investors with a minimum initial investment of $5 million. Class R1 & R2: No initial sales charge or CDSC, available only through corporate-sponsored retirement programs, which include certain minimum program requirements. Gross Expenses: Class A 1.12%, INV 1.32%, B 2.03%, C 2.03%, R1 0.87%, R2 1.12%, I 0.76%

Fund Name	Monthly Average Annual Total Returns as of 04/30/08					Quarterly Average Annual Total Returns as of 03/31/08
Share Class (Inception)	1 Year %	3 Year %	5 Year %	10 Year %	Since Incep. %	1 Year %	3 Year %	5 Year %	10 Year %	Since Incep. %
MainStay 130/30 High Yield Fund
Without Sales Charges (NAV):
Class A (12/14/2007)	n/a	n/a	n/a	n/a	0.73	n/a	n/a	n/a	n/a	-1.00
Class INV (02/28/2008)	n/a	n/a	n/a	n/a	0.93	n/a	n/a	n/a	n/a	-0.80
Class C (12/14/2007)	n/a	n/a	n/a	n/a	0.71	n/a	n/a	n/a	n/a	-1.22
With Sales Charges (POP):
Class A (12/14/2007)	n/a	n/a	n/a	n/a	-3.80	n/a	n/a	n/a	n/a	-5.46
Class INV (02/28/2008)	n/a	n/a	n/a	n/a	-3.61	n/a	n/a	n/a	n/a	-5.26
Class C (12/14/2007)	n/a	n/a	n/a	n/a	-0.28	n/a	n/a	n/a	n/a	-2.19
Class A & INV: 4.5% maximum initial sales charge. Class C: 1% CDSC if redeemed within one year. Class I: No initial sales charge or CDSC, generally available to corporate & institutional investors with a minimum initial investment of $5 million. Gross Expenses: Class A & INV 3.94%, C 4.69%, I 3.69%
MainStay Diversified Income Fund
Without Sales Charges (NAV):
Class A (02/28/1997)	2.51	4.90	6.35	5.36	5.72	1.74	4.33	6.70	5.26	5.60
Class INV (02/28/2008)	2.48	4.89	6.34	5.35	5.71	1.73	4.33	6.70	5.26	5.60
Class B (02/28/1997)	1.85	4.13	5.58	4.57	4.94	1.09	3.60	5.90	4.48	4.82
Class C (09/01/1998)	1.74	4.09	5.55	4.56	4.93	0.98	3.56	5.88	4.47	4.81
With Sales Charges (POP):
Class A (02/28/1997)	-2.10	3.31	5.37	4.87	5.28	-2.84	2.74	5.72	4.78	5.16
Class INV (02/28/2008)	-2.13	3.30	5.37	4.87	5.28	-2.85	2.74	5.72	4.78	5.16
Class B (02/28/1997)	-3.02	3.21	5.25	4.57	4.94	-3.74	2.69	5.58	4.48	4.82
Class C (09/01/1998)	0.76	4.09	5.55	4.56	4.93	0.02	3.56	5.88	4.47	4.81
Class A & INV: 4.5% maximum initial sales charge. Class B: CDSC up to 5% if redeemed within six years. Class C: 1% CDSC if redeemed within one year. Class I: No initial sales charge or CDSC, generally available to corporate & institutional investors with a minimum initial investment of $5 million. Gross Expenses: Class A 1.32%, INV 1.51%, B 2.20%, C 2.20%, I 1.04%
Share Class (Inception)	1 Year %	3 Year %	5 Year %	10 Year %	Since Incep. %	1 Year %	3 Year %	5 Year %	10 Year %	Since Incep. %
MainStay Floating Rate Fund
Without Sales Charges (NAV):
Class A (05/03/2004)	-1.88	2.92	n/a	n/a	3.07	-4.28	1.88	n/a	n/a	2.35
Class INV (02/28/2008)	-1.88	2.92	n/a	n/a	3.07	-4.27	1.88	n/a	n/a	2.35
Class B (05/03/2004)	-2.62	2.19	n/a	n/a	2.33	-4.99	1.16	n/a	n/a	1.62
Class C (05/03/2004)	-2.51	2.19	n/a	n/a	2.33	-5.09	1.12	n/a	n/a	1.59
With Sales Charges (POP):
Class A (05/03/2004)	-4.82	1.88	n/a	n/a	2.29	-7.15	0.85	n/a	n/a	1.56
Class INV (02/28/2008)	-4.83	1.88	n/a	n/a	2.29	-7.15	0.85	n/a	n/a	1.56
Class B (05/03/2004)	-5.39	1.60	n/a	n/a	2.12	-7.69	0.57	n/a	n/a	1.40
Class C (05/03/2004)	-3.44	2.19	n/a	n/a	2.33	-5.99	1.12	n/a	n/a	1.59
Class A & INV: 3% maximum initial sales charge. Class B: 3%-2%-2%-1% CDSC. Class C: 1% CDSC if redeemed within one year. Class I: No initial sales charge or CDSC, generally available to corporate & institutional investors with a minimum initial investment of $5 million. A redemption fee of 2% will be applied to shares that are redeemed within 60 days of their purchase. Gross Expenses: Class A 0.98%, INV 1.07%, B 1.79%, C 1.79%, I 0.67%
MainStay Government Fund
Without Sales Charges (NAV):
Class A (01/03/1995)	6.34	4.26	3.22	4.88	6.29	7.60	4.95	3.46	4.99	6.35
Class INV (02/28/2008)	6.36	4.27	3.22	4.88	6.29	7.63	4.96	3.47	4.99	6.35
Class B (05/01/1986)	5.54	3.52	2.48	4.11	5.53	6.80	4.21	2.73	4.22	5.59
Class C (09/01/1998)	5.67	3.52	2.48	4.11	5.53	6.93	4.21	2.73	4.22	5.59
With Sales Charges (POP):
Class A (01/03/1995)	1.55	2.67	2.27	4.39	6.07	2.75	3.35	2.51	4.51	6.12
Class INV (02/28/2008)	1.58	2.68	2.28	4.40	6.07	2.79	3.36	2.52	4.51	6.13
Class B (05/01/1986)	0.54	2.58	2.13	4.11	5.53	1.80	3.28	2.37	4.22	5.59
Class C (09/01/1998)	4.67	3.52	2.48	4.11	5.53	5.93	4.21	2.73	4.22	5.59
Class A & INV: 4.5% maximum initial sales charge. Class B: CDSC up to 5% if redeemed within six years. Class C: 1% CDSC if redeemed within one year. Class I: No initial sales charge or CDSC, generally available to corporate & institutional investors with a minimum initial investment of $5 million. Gross Expenses: Class A 1.32%, INV 1.43%, B 2.15%, C 2.15%, I 1.00%
Share Class (Inception)	1 Year %	3 Year %	5 Year %	10 Year %	Since Incep. %	1 Year %	3 Year %	5 Year %	10 Year %	Since Incep. %
MainStay High Yield Corporate Bond Fund
Without Sales Charges (NAV):
Class A (01/03/1995)	-1.82	6.28	9.59	6.22	9.18	-4.03	4.55	10.05	6.00	9.05
Class INV (02/28/2008)	-1.78	6.29	9.60	6.23	9.18	-3.97	4.57	10.07	6.00	9.06
Class B (05/01/1986)	-2.45	5.49	8.79	5.43	8.40	-4.81	3.77	9.25	5.21	8.28
Class C (09/01/1998)	-2.60	5.49	8.79	5.43	8.40	-4.81	3.77	9.25	5.21	8.28
With Sales Charges (POP):
Class A (01/03/1995)	-6.24	4.66	8.58	5.73	8.95	-8.35	2.96	9.04	5.51	8.83
Class INV (02/28/2008)	-6.20	4.67	8.59	5.74	8.95	-8.30	2.98	9.06	5.52	8.83
Class B (05/01/1986)	-7.03	4.61	8.50	5.43	8.40	-9.28	2