LAZARD FUNDS INC
497, 1995-10-20
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FILED PURSUANT TO RULE 497(e)
REGISTRATION FILE NO. 33-40682


                                                   October 20, 1995



THE LAZARD FUNDS, INC.
Lazard Strategic Yield Portfolio
Supplement to Prospectus Dated May 1, 1995



          Effective October 20, 1995, Eulogio Ramos no longer
serves as a portfolio manager of the Lazard Strategic Yield
Portfolio.  The Portfolio's other portfolio managers remain the
same.



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