POWER OF ATTORNEY

      KNOWN ALL PERSONS BY THESE PRESENT, that the undersigned constitutes and
appoints each of Marguerite E.H. Morrison, Jeffrey A. Engelsman, Thomas C.
Humbert, Thomas Lynch, Barry E. Simmons, Sander M. Bieber and Thomas C. Bogle
his true and lawful attorney-in-fact and agent, with full power in each of them
to sign in his name, to make, execute and sign the Registration Statement of
Eclipse Funds on Form N-14 under the Securities Act of 1933 and the Investment
Company Act of 1940 relating to the proposed reorganization of the MainStay
Small Cap Value Fund (the "Fund") with and into the MainStay Small Cap
Opportunity Fund and to file with the Securities and Exchange Commission, and
any other regulatory authority having jurisdiction over the offer and sale of
shares of the Fund, and any and all amendments or supplements thereto or to any
prospectus or statement of additional information forming a part thereof, and
any and all exhibits and other documents requisite in connection therewith,
granting unto said attorneys, and each of them, full power and authority to do
and perform each and every act and thing requisite and necessary to be done in
and about the premises as fully to all intents and purposes as the Fund and the
undersigned might or could do, and the undersigned hereby ratifies and confirms
his signature as it may be signed by any of these attorneys-in-fact and agents,
or his substitute or substitutes, to any such Registration Statement or
amendment thereof.

/s/ Susan B. Kerley
- ------------------------------------
Susan B. Kerley
Chairman and Trustee
September 25, 2008



                                POWER OF ATTORNEY

      KNOWN ALL PERSONS BY THESE PRESENT, that the undersigned constitutes and
appoints each of Marguerite E.H. Morrison, Jeffrey A. Engelsman, Thomas C.
Humbert, Thomas Lynch, Barry E. Simmons, Sander M. Bieber and Thomas C. Bogle
his true and lawful attorney-in-fact and agent, with full power in each of them
to sign in his name, to make, execute and sign the Registration Statement of
Eclipse Funds on Form N-14 under the Securities Act of 1933 and the Investment
Company Act of 1940 relating to the proposed reorganization of the MainStay
Small Cap Value Fund (the "Fund") with and into the MainStay Small Cap
Opportunity Fund and to file with the Securities and Exchange Commission, and
any other regulatory authority having jurisdiction over the offer and sale of
shares of the Fund, and any and all amendments or supplements thereto or to any
prospectus or statement of additional information forming a part thereof, and
any and all exhibits and other documents requisite in connection therewith,
granting unto said attorneys, and each of them, full power and authority to do
and perform each and every act and thing requisite and necessary to be done in
and about the premises as fully to all intents and purposes as the Fund and the
undersigned might or could do, and the undersigned hereby ratifies and confirms
his signature as it may be signed by any of these attorneys-in-fact and agents,
or his substitute or substitutes, to any such Registration Statement or
amendment thereof.

/s/ Alan R. Latshaw
- ------------------------------------
Alan R. Latshaw
Trustee
September 25, 2008



                                POWER OF ATTORNEY

      KNOWN ALL PERSONS BY THESE PRESENT, that the undersigned constitutes and
appoints each of Marguerite E.H. Morrison, Jeffrey A. Engelsman, Thomas C.
Humbert, Thomas Lynch, Barry E. Simmons, Sander M. Bieber and Thomas C. Bogle
his true and lawful attorney-in-fact and agent, with full power in each of them
to sign in his name, to make, execute and sign the Registration Statement of
Eclipse Funds on Form N-14 under the Securities Act of 1933 and the Investment
Company Act of 1940 relating to the proposed reorganization of the MainStay
Small Cap Value Fund (the "Fund") with and into the MainStay Small Cap
Opportunity Fund and to file with the Securities and Exchange Commission, and
any other regulatory authority having jurisdiction over the offer and sale of
shares of the Fund, and any and all amendments or supplements thereto or to any
prospectus or statement of additional information forming a part thereof, and
any and all exhibits and other documents requisite in connection therewith,
granting unto said attorneys, and each of them, full power and authority to do
and perform each and every act and thing requisite and necessary to be done in
and about the premises as fully to all intents and purposes as the Fund and the
undersigned might or could do, and the undersigned hereby ratifies and confirms
his signature as it may be signed by any of these attorneys-in-fact and agents,
or his substitute or substitutes, to any such Registration Statement or
amendment thereof.

/s/ Peter Meenan
- ------------------------------------
Peter Meenan
Trustee
September 25, 2008



                                POWER OF ATTORNEY

      KNOWN ALL PERSONS BY THESE PRESENT, that the undersigned constitutes and
appoints each of Marguerite E.H. Morrison, Jeffrey A. Engelsman, Thomas C.
Humbert, Thomas Lynch, Barry E. Simmons, Sander M. Bieber and Thomas C. Bogle
his true and lawful attorney-in-fact and agent, with full power in each of them
to sign in his name, to make, execute and sign the Registration Statement of
Eclipse Funds on Form N-14 under the Securities Act of 1933 and the Investment
Company Act of 1940 relating to the proposed reorganization of the MainStay
Small Cap Value Fund (the "Fund") with and into the MainStay Small Cap
Opportunity Fund and to file with the Securities and Exchange Commission, and
any other regulatory authority having jurisdiction over the offer and sale of
shares of the Fund, and any and all amendments or supplements thereto or to any
prospectus or statement of additional information forming a part thereof, and
any and all exhibits and other documents requisite in connection therewith,
granting unto said attorneys, and each of them, full power and authority to do
and perform each and every act and thing requisite and necessary to be done in
and about the premises as fully to all intents and purposes as the Fund and the
undersigned might or could do, and the undersigned hereby ratifies and confirms
his signature as it may be signed by any of these attorneys-in-fact and agents,
or his substitute or substitutes, to any such Registration Statement or
amendment thereof.

/s/ Richard H. Nolan, Jr.
- ------------------------------------
Richard H. Nolan, Jr.
Trustee
September 25, 2008



                                POWER OF ATTORNEY

      KNOWN ALL PERSONS BY THESE PRESENT, that the undersigned constitutes and
appoints each of Marguerite E.H. Morrison, Jeffrey A. Engelsman, Thomas C.
Humbert, Thomas Lynch, Barry E. Simmons, Sander M. Bieber and Thomas C. Bogle
his true and lawful attorney-in-fact and agent, with full power in each of them
to sign in his name, to make, execute and sign the Registration Statement of
Eclipse Funds on Form N-14 under the Securities Act of 1933 and the Investment
Company Act of 1940 relating to the proposed reorganization of the MainStay
Small Cap Value Fund (the "Fund") with and into the MainStay Small Cap
Opportunity Fund and to file with the Securities and Exchange Commission, and
any other regulatory authority having jurisdiction over the offer and sale of
shares of the Fund, and any and all amendments or supplements thereto or to any
prospectus or statement of additional information forming a part thereof, and
any and all exhibits and other documents requisite in connection therewith,
granting unto said attorneys, and each of them, full power and authority to do
and perform each and every act and thing requisite and necessary to be done in
and about the premises as fully to all intents and purposes as the Fund and the
undersigned might or could do, and the undersigned hereby ratifies and confirms
his signature as it may be signed by any of these attorneys-in-fact and agents,
or his substitute or substitutes, to any such Registration Statement or
amendment thereof.

/s/ Richard S. Trutanic
- ------------------------------------
Richard S. Trutanic
Trustee
September 25, 2008



                                POWER OF ATTORNEY

      KNOWN ALL PERSONS BY THESE PRESENT, that the undersigned constitutes and
appoints each of Marguerite E.H. Morrison, Jeffrey A. Engelsman, Thomas C.
Humbert, Thomas Lynch, Barry E. Simmons, Sander M. Bieber and Thomas C. Bogle
his true and lawful attorney-in-fact and agent, with full power in each of them
to sign in his name, to make, execute and sign the Registration Statement of
Eclipse Funds on Form N-14 under the Securities Act of 1933 and the Investment
Company Act of 1940 relating to the proposed reorganization of the MainStay
Small Cap Value Fund (the "Fund") with and into the MainStay Small Cap
Opportunity Fund and to file with the Securities and Exchange Commission, and
any other regulatory authority having jurisdiction over the offer and sale of
shares of the Fund, and any and all amendments or supplements thereto or to any
prospectus or statement of additional information forming a part thereof, and
any and all exhibits and other documents requisite in connection therewith,
granting unto said attorneys, and each of them, full power and authority to do
and perform each and every act and thing requisite and necessary to be done in
and about the premises as fully to all intents and purposes as the Fund and the
undersigned might or could do, and the undersigned hereby ratifies and confirms
his signature as it may be signed by any of these attorneys-in-fact and agents,
or his substitute or substitutes, to any such Registration Statement or
amendment thereof.

/s/ Roman L. Weil
- ------------------------------------
Roman L. Weil
Trustee
September 25, 2008



                                POWER OF ATTORNEY

      KNOWN ALL PERSONS BY THESE PRESENT, that the undersigned constitutes and
appoints each of Marguerite E.H. Morrison, Jeffrey A. Engelsman, Thomas C.
Humbert, Thomas Lynch, Barry E. Simmons, Sander M. Bieber and Thomas C. Bogle
his true and lawful attorney-in-fact and agent, with full power in each of them
to sign in his name, to make, execute and sign the Registration Statement of
Eclipse Funds on Form N-14 under the Securities Act of 1933 and the Investment
Company Act of 1940 relating to the proposed reorganization of the MainStay
Small Cap Value Fund (the "Fund") with and into the MainStay Small Cap
Opportunity Fund and to file with the Securities and Exchange Commission, and
any other regulatory authority having jurisdiction over the offer and sale of
shares of the Fund, and any and all amendments or supplements thereto or to any
prospectus or statement of additional information forming a part thereof, and
any and all exhibits and other documents requisite in connection therewith,
granting unto said attorneys, and each of them, full power and authority to do
and perform each and every act and thing requisite and necessary to be done in
and about the premises as fully to all intents and purposes as the Fund and the
undersigned might or could do, and the undersigned hereby ratifies and confirms
his signature as it may be signed by any of these attorneys-in-fact and agents,
or his substitute or substitutes, to any such Registration Statement or
amendment thereof.

/s/ John A. Weisser
- ------------------------------------
John A. Weisser
Trustee
September 25, 2008



                                POWER OF ATTORNEY

      KNOWN ALL PERSONS BY THESE PRESENT, that the undersigned constitutes and
appoints each of Marguerite E.H. Morrison, Jeffrey A. Engelsman, Thomas C.
Humbert, Thomas Lynch, Barry E. Simmons, Sander M. Bieber and Thomas C. Bogle
his true and lawful attorney-in-fact and agent, with full power in each of them
to sign in his name, to make, execute and sign the Registration Statement of
Eclipse Funds on Form N-14 under the Securities Act of 1933 and the Investment
Company Act of 1940 relating to the proposed reorganization of the MainStay
Small Cap Value Fund (the "Fund") with and into the MainStay Small Cap
Opportunity Fund and to file with the Securities and Exchange Commission, and
any other regulatory authority having jurisdiction over the offer and sale of
shares of the Fund, and any and all amendments or supplements thereto or to any
prospectus or statement of additional information forming a part thereof, and
any and all exhibits and other documents requisite in connection therewith,
granting unto said attorneys, and each of them, full power and authority to do
and perform each and every act and thing requisite and necessary to be done in
and about the premises as fully to all intents and purposes as the Fund and the
undersigned might or could do, and the undersigned hereby ratifies and confirms
his signature as it may be signed by any of these attorneys-in-fact and agents,
or his substitute or substitutes, to any such Registration Statement or
amendment thereof.

/s/ Jack R. Benintende
- ------------------------------------
Jack R. Benintende
Treasurer and Principal Financial Officer
September 25, 2008



                                POWER OF ATTORNEY

      KNOWN ALL PERSONS BY THESE PRESENT, that the undersigned constitutes and
appoints each of Marguerite E.H. Morrison, Jeffrey A. Engelsman, Thomas C.
Humbert, Thomas Lynch, Barry E. Simmons, Sander M. Bieber and Thomas C. Bogle
his true and lawful attorney-in-fact and agent, with full power in each of them
to sign in his name, to make, execute and sign the Registration Statement of
Eclipse Funds on Form N-14 under the Securities Act of 1933 and the Investment
Company Act of 1940 relating to the proposed reorganization of the MainStay
Small Cap Value Fund (the "Fund") with and into the MainStay Small Cap
Opportunity Fund and to file with the Securities and Exchange Commission, and
any other regulatory authority having jurisdiction over the offer and sale of
shares of the Fund, and any and all amendments or supplements thereto or to any
prospectus or statement of additional information forming a part thereof, and
any and all exhibits and other documents requisite in connection therewith,
granting unto said attorneys, and each of them, full power and authority to do
and perform each and every act and thing requisite and necessary to be done in
and about the premises as fully to all intents and purposes as the Fund and the
undersigned might or could do, and the undersigned hereby ratifies and confirms
his signature as it may be signed by any of these attorneys-in-fact and agents,
or his substitute or substitutes, to any such Registration Statement or
amendment thereof.

/s/ Stephen P. Fisher
- ------------------------------------
Stephen P. Fisher
President
September 25, 2008

                               POWER OF ATTORNEY

        KNOWN ALL PERSONS BY THESE PRESENT, that the undersigned constitutes and
appoints each of Marguerite E.H. Morrison, Jeffrey A. Engelsman, Thomas C.
Humbert, Thomas Lynch, Barry E. Simmons, Sander M. Bieber and Thomas C. Bogle
his true and lawful attorney-in-fact and agent, with full power in each of them
to sign in his name, to make, execute and sign the Registration Statement of
Eclipse Funds on Form N-14 under the Securities Act of 1933 and the Investment
Company Act of 1940 relating to the proposed reorganization of the MainStay
Small Cap Value Fund (the "Fund") with and into the MainStay Small Cap
Opportunity Fund and to file with the Securities and Exchange Commission, and
any other regulatory authority having jurisdiction over the offer and sale of
shares of the Fund, and any and all amendments or supplements thereto or to any
prospectus or statement of additional information forming a part thereof, and
any and all exhibits and other documents requisite in connection therewith,
granting unto said attorneys, and each of them, full power and authority to do
and perform each and every act and thing requisite and necessary to be done in
and about the premises as fully to all intents and purposes as the Fund and the
undersigned might or could do, and the undersigned hereby ratifies and confirms
his signature as it may be signed by any of these attorneys-in-fact and agents,
or his substitute or substitutes, to any such Registration Statement or
amendment thereof.


   /s/ John Y. Kim
- --------------------
John Y. Kim
Trustee
September 30, 2008