X0101 EFFECT 33 LIVE 2009-08-20 15:30:00

N-14

0000932510 ICAP FUNDS INC 333-160663 0000932510 ICAP FUNDS INC S000000734 MainStay ICAP Select Equity Fund C000002126 Class I 0000787441 MAINSTAY FUNDS S000006893 MainStay Value Fund C000018682 Class I 0000932510 ICAP FUNDS INC S000000734 MainStay ICAP Select Equity Fund C000002126 Class I 0000787441 MAINSTAY FUNDS S000006908 MainStay Mid Cap Value Fund C000018743 Class I 0000932510 ICAP FUNDS INC S000000734 MainStay ICAP Select Equity Fund C000038932 Class A 0000787441 MAINSTAY FUNDS S000006893 MainStay Value Fund C000018679 Class A 0000932510 ICAP FUNDS INC S000000734 MainStay ICAP Select Equity Fund C000038932 Class A 0000787441 MAINSTAY FUNDS S000006908 MainStay Mid Cap Value Fund C000018740 Class A 0000932510 ICAP FUNDS INC S000000734 MainStay ICAP Select Equity Fund C000038933 Class C 0000787441 MAINSTAY FUNDS S000006893 MainStay Value Fund C000018681 Class C 0000932510 ICAP FUNDS INC S000000734 MainStay ICAP Select Equity Fund C000038933 Class C 0000787441 MAINSTAY FUNDS S000006908 MainStay Mid Cap Value Fund C000018742 Class C 0000932510 ICAP FUNDS INC S000000734 MainStay ICAP Select Equity Fund C000038934 Class R1 0000787441 MAINSTAY FUNDS S000006893 MainStay Value Fund C000018683 Class R1 0000932510 ICAP FUNDS INC S000000734 MainStay ICAP Select Equity Fund C000038934 Class R1 0000787441 MAINSTAY FUNDS S000006908 MainStay Mid Cap Value Fund C000018744 Class R1 0000932510 ICAP FUNDS INC S000000734 MainStay ICAP Select Equity Fund C000038935 Class R2 0000787441 MAINSTAY FUNDS S000006893 MainStay Value Fund C000018684 Class R2 0000932510 ICAP FUNDS INC S000000734 MainStay ICAP Select Equity Fund C000038935 Class R2 0000787441 MAINSTAY FUNDS S000006908 MainStay Mid Cap Value Fund C000018745 Class R2 0000932510 ICAP FUNDS INC S000000734 MainStay ICAP Select Equity Fund C000060716 Investor Class 0000787441 MAINSTAY FUNDS S000006893 MainStay Value Fund C000060789 INVESTOR CLASS 0000932510 ICAP FUNDS INC S000000734 MainStay ICAP Select Equity Fund C000060716 Investor Class 0000787441 MAINSTAY FUNDS S000006908 MainStay Mid Cap Value Fund C000060803 INVESTOR CLASS 0000932510 ICAP FUNDS INC S000000734 MainStay ICAP Select Equity Fund C000079674 Class B 0000787441 MAINSTAY FUNDS S000006893 MainStay Value Fund C000018680 Class B 0000932510 ICAP FUNDS INC S000000734 MainStay ICAP Select Equity Fund C000079674 Class B 0000787441 MAINSTAY FUNDS S000006908 MainStay Mid Cap Value Fund C000018741 Class B