The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F COVER PAGE

OMB APPROVAL
OMB Number: 3235-0006
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hours per response: 23.8

Report for the Calendar Year or Quarter Ended: 03-31-2015
Check here if Amendment    Amendment Number:
This Amendment (Check only one.):    is a restatement.
   adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: NEW YORK LIFE INVESTMENT MANAGEMENT LLC
Address: 51 MADISON AVE
NEW YORK, NY  10010
Form 13F File Number: 028-06325

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

Person Signing this Report on Behalf of Reporting Manager:
Name: Todd Minichino
Title: Senior Director
Phone: 973-394-3632
Signature, Place, and Date of Signing:
Todd Minichino ParsippanyNJ 05-13-2015
[Signature] [City, State] [Date]
Report Type (Check only one.):
   13F HOLDINGS REPORT. (Check here if all holdings of this reporting manager are reported in this report.)
   13F NOTICE. (Check here if no holdings reported are in this report, and all holdings are reported by other reporting manager(s).)
X 13F COMBINATION REPORT. (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)
List of Other Managers Reporting for this Manager:
[If there are no entries in this list, omit this section.]
Form 13F File Number Name
028-01186 DIMENSIONAL FUND ADVISORS LP
028-05977 DUPONT CAPITAL MANAGEMENT Corp
028-01666 EAGLE ASSET MANAGEMENT INC
028-10968 Epoch Investment Partners, Inc.
028-00016 INSTITUTIONAL CAPITAL LLC
028-01343 JANUS CAPITAL MANAGEMENT LLC
028-13283 CORNERSTONE CAPITAL MANAGEMENT HOLDINGS LLC.
028-15275 Marketfield Asset Management LLC
028-04869 MARKSTON INTERNATIONAL LLC
028-00046 MACKAY SHIELDS LLC
028-04968 MASSACHUSETTS FINANCIAL SERVICES CO /MA/
028-10952 PACIFIC INVESTMENT MANAGEMENT CO LLC
028-00115 PRICE T ROWE ASSOCIATES INC /MD/
028-02783 VAN ECK ASSOCIATES CORP
028-03676 Winslow Capital Management, LLC
028-05923 CORNERSTONE CAPITAL MANAGEMENT LLC
028-12384 CUSHING ASSET MANAGEMENT, LP
028-16845 Candriam Luxembourg S.C.A.
Form 13F Summary Page
Report Summary:
Number of Other Included Managers: 2
Form 13F Information Table Entry Total: 253
Form 13F Information Table Value Total: 890,547
(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.
[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]
No. Form 13F File Number Name
1 028-13283 CORNERSTONE CAPITAL MANAGEMENT HOLDINGS LLC.
2 028-16259 NYL Investors LLC