FILED PURSUANT TO RULE 497(e)
REGISTRATION FILE NO. 33-40682
November 17, 1995
THE LAZARD FUNDS, INC.
Supplement to Prospectus Dated May 1, 1995
The following information supplements and should be read
in conjunction with the information contained in the Fund's
Prospectus under the captions "Fee Table," "Purchase of Shares" and
"Redemption of Shares."
Investors may purchase Fund shares without a sales charge
directly from Lazard Freres. Securities dealers and other
institutions effecting transactions in Fund shares for the accounts
of their clients may charge their clients direct fees in connection
with such transactions.
