<PAGE>
000 B000000 11/30/95
000 C000000 0000867832
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 000000 3.0
000 J000000 A
001 A000000 LEBENTHAL FUNDS, INC.
001 B000000 811-6170
001 C000000 2124251116
002 A000000 120 BROADWAY
002 B000000 NEW YORK
002 C000000 NY
002 D010000 10271
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 4
007 C010100 1
007 C020100 LEBENTHAL NEW YORK TAX FREE MONEY FUND
007 C030100 Y
007 C010200 2
007 C020200 LEBENTHAL NEW YORK MUNICIPAL BOND FUND
007 C030200 N
007 C010300 3
007 C020300 LEBENTHAL NEW JERSEY MUNICIPAL BOND FUND
007 C030300 N
007 C010400 4
007 C020400 LEBENTHAL TAXABALE MUNICIPAL BOND FUND
007 C030400 N
007 C010500 5
007 C010600 6
007 C010700 7
007 C010800 8
007 C010900 9
007 C011000 10
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
078 000000 N
SIGNATURE BERNADETTE N. FINN
TITLE SECRETARY
McGLADREY & PULLEN, L.L.P.
Certified Public Accountants & Consultants
The Board of Directors and Shareholders
Lebenthal Funds, Inc.
In planning and performing our audit of the financial statements of
Lebenthal New York Tax Free Money Fund, Lebenthal New York Municipal Bond Fund,
Lebenthal New Jersey Municipal Bond Fund and Lebenthal Taxable Municipal Bond
Fund of Lebenthal Funds, Inc. for the year ended November 30, 1995, we
considered its internal control structure, including procedures for safeguarding
securities, in order to determine our auditing procedures for the purpose of
expressing our opinion on the financial statements and to comply with the
requirements of Form N-SAR, not to provide assurance on the internal control
structure.
The management of Lebenthal Funds, Inc. is responsible for establishing and
maintaining an internal control structure. In fulfilling this responsibility,
estimates and judgments by management are required to assess the expected
benefits and related costs of internal control structure policies and
procedures. Two of the objectives of an internal control structure are to
provide management with reasonable, but not absolute, assurance that assets are
safeguarded against loss from unauthorized use or disposition and that
transactions are executed in accordance with management's authorization and
recorded properly to permit preparation of financial statements in confirmity
with generally accepted accounting principles.
Because of inherent limitations in any internal control structure, errors or
irregularities may occur and not be detected. Also, projection of any evaluation
of the structure to future periods is subject to the risk that it may become
inadequate because of changes in conditions or that the effectiveness of the
design and operation may deteriorate.
Our consideration of the internal control structure would not necessarily
disclose all matters in the internal control structure that might be material
weaknesses under standards established by the American Institute of Certified
Public Accountants. A material weakness is a condition in which the design or
operation of the specific internal control structure elements does not reduce to
a relatively low level the risk that errors or irregularities in amounts that
would be material in relation to the financial statements being audited may
occur and not be detected within a timely period by employees in the normal
course of performing their assigned functions. However, we noted no matters
involving the internal control structure, including procedures for safeguarding
securities, that we consider to be material weaknesses as defined above as of
November 30, 1995.
This report is intended solely for the information and use of management and the
Securities and Exchange Commission.
McGladrey & Pullen, LLP
New York, New York
January 29, 1996
