SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
NOTIFICATION OF ELECTION PURSUANT TO RULE 18f-1
UNDER THE INVESTMENT COMPANY ACT OF 1940, AS AMENDED
LAZARD RETIREMENT SERIES, INC.
Exact Name of Registrant
NOTIFICATION OF ELECTION
Lazard Retirement Series, Inc. (the "Fund"), an open-end investment company
registered with the Securities and Exchange Commission (the "Commission") under
the Investment Company Act of 1940, as amended (the "1940 Act"), hereby notifies
the Commission that it elects to commit itself to pay in cash all redemptions by
a shareholder of record as provided by Rule 18f-1 under the 1940 Act (the
"Rule"). The Fund understands that this election is irrevocable while the Rule
is in effect unless the Commission by order upon application permits the
withdrawal of this Notification of Election.
SIGNATURE
Pursuant to the requirements of Rule 18f-1 under the 1940 Act, the Fund has
caused this Notification of Election to be duly executed on its behalf in the
City of New York and the State of New York on April 30, 1997.
LAZARD RETIREMENT SERIES, INC.
By:------------------------------
Herbert W. Gullquist,
President
Attest:
-------------------------
William G. Butterly, III,
Vice President and Secretary
