FILED PURSUANT TO RULE 497(e)
REGISTRATION FILE NO. 33-40682
November 7, 1996
THE LAZARD FUNDS, INC.
Supplement to Statement of Additional Information
Dated November 1, 1996
The following information supplements the information contained in the
section of the Fund's Statement of Additional Information entitled "Yield and
Total Return Quotations."
From time to time, the Fund may compare a Portfolio's performance against
one or more broad-based indices or data from Lipper Analytical Services, Inc.,
Money Magazine, Morningstar, Inc. and other industry publications. In addition,
the Fund may compare a Portfolio's performance against inflation with the
performance of other instruments against inflation, such as short-term Treasury
Bills (which are direct obligations of the U.S. Government) and FDIC-insured
bank money market accounts.
