<PAGE> PAGE 1
000 A000000 06/30/96
000 C000000 874964
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002 B000000 NEW YORK
002 C000000 NY
002 D010000 10020
003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 11
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007 C020100 LAZARD INTERNATIONAL EQUITY PORTFOLIO
007 C030100 N
007 C010200 2
007 C020200 LAZARD INTERNATIONAL FIXED-INCOME PORTFOLIO
007 C030200 N
007 C010300 3
007 C020300 LAZARD BOND PORTFOLIO
007 C030300 N
007 C010400 4
007 C020400 LAZARD STRATEGIC YIELD PORTFOLIO
007 C030400 N
007 C010500 5
007 C020500 LAZARD SMALL CAP PORTFOLIO
007 C030500 N
007 C010600 6
007 C020600 LAZARD EQUITY PORTFOLIO
007 C030600 N
007 C010700 7
007 C020700 LAZARD SPECIAL EQUITY PORTFOLIO
007 C030700 Y
007 C010800 8
007 C020800 LAZARD INTERNATIONAL SMALL CAP PORTFOLIO
007 C030800 N
007 C010900 9
007 C020900 LAZARD EMERGING MARKETS PORTFOLIO
007 C030900 N
007 C011000 10
007 C021000 LAZARD GLOBAL EQUITY PORTFOLIO
<PAGE> PAGE 2
007 C031000 N
007 C011100 11
007 C021100 LAZARD BANTAM VALUE PORTFOLIO
007 C031100 N
007 C011200 12
007 C011300 13
007 C011400 14
007 C011500 15
007 C011600 16
007 C011700 17
007 C011800 18
007 C011900 19
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008 D02AA01 NY
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010 A00AA01 STATE STREET BANK AND TRUST COMPANY
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<PAGE> PAGE 3
015 A00AA03 WESTPAC BANKING CORPORATION
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015 C01AA03 SYDNEY
015 D01AA03 AUSTRALIA
015 E04AA03 X
015 A00AA04 GIROCREDIT BANK AKTIENGESELLSCHAFT
015 B00AA04 S
015 C01AA04 VIENNA
015 D01AA04 AUSTRIA
015 E04AA04 X
015 A00AA05 STANDARD CHARTERED BANK
015 B00AA05 S
015 C01AA05 DHAKA
015 D01AA05 BANGLADESH
015 E04AA05 X
015 A00AA06 GENERALE BANK
015 B00AA06 S
015 C01AA06 BRUSSELS
015 D01AA06 BELGIUM
015 E04AA06 X
015 A00AA07 BARCLAYS BANK OF BOTSWANA LIMITED
015 B00AA07 S
015 C01AA07 GABORONE
015 D01AA07 BOTSWANA
015 E04AA07 X
015 A00AA08 CITIBANK, N.A.
015 B00AA08 S
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015 D01AA08 BRAZIL
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015 A00AA09 CANADA TRUSTCO MORTGAGE COMPANY
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015 C01AA09 TORONTO
015 D01AA09 CANADA
015 E04AA09 X
015 A00AA10 CITIBANK, N.A.
015 B00AA10 S
015 C01AA10 SANTIAGO
015 D01AA10 CHILE
015 E04AA10 X
015 A00AA11 THE HONGKONG AND SHANGHAI BANKING CORPORATION
015 B00AA11 S
015 C01AA11 SHANGHAI
015 D01AA11 CHINA
015 E04AA11 X
015 A00AA12 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA
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015 C01AA12 BOGOTA
015 D01AA12 COLOMBIA
015 E04AA12 X
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<PAGE> PAGE 4
015 B00AA13 S
015 C01AA13 NICOSIA
015 D01AA13 CYPRUS
015 E04AA13 X
015 A00AA14 CESKOSLOVENSKA OBCHODNI BANKA, A.S.
015 B00AA14 S
015 C01AA14 PRAGUE
015 D01AA14 CZECH REPUBLIC
015 E04AA14 X
015 A00AA15 DEN DANSKE BANK
015 B00AA15 S
015 C01AA15 COPENHAGEN
015 D01AA15 DENMARK
015 E04AA15 X
015 A00AA16 NATIONAL BANK OF EGYPT
015 B00AA16 S
015 C01AA16 CAIRO
015 D01AA16 EGYPT
015 E04AA16 X
015 A00AA17 MERITA BANK LIMITED
015 B00AA17 S
015 C01AA17 HELSINKI
015 D01AA17 FINLAND
015 E04AA17 X
015 A00AA18 BANQUE PARIBAS
015 B00AA18 S
015 C01AA18 PARIS
015 D01AA18 FRANCE
015 E04AA18 X
015 A00AA19 MORGAN GUARANTY TRUST COMPANY
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015 C01AA19 FRANKFURT
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015 A00AA20 BARCLAYS BANK OF GHANA LIMITED
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015 A00AA21 NATIONAL BANK OF GREECE
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<PAGE> PAGE 5
015 C01AA23 BUDAPEST
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015 D01AA24 INDIA
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015 A00AA25 STANDARD CHARTERED BANK
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015 E04AA25 X
015 A00AA26 BANK OF IRELAND
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015 A00AA27 BANK HAPOALIM B.M.
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015 A00AA28 MORGAN GUARANTY TRUST COMPANY
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015 C01AA28 MILANO
015 D01AA28 ITALY
015 E04AA28 X
015 A00AA29 THE DAIWA BANK, LIMITED
015 B00AA29 S
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015 D01AA29 JAPAN
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015 A00AA30 THE SUMITOMO TRUST & BANKING CO., LTD.
015 B00AA30 S
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015 E04AA30 X
015 A00AA31 THE BRITISH BANK OF THE MIDDLE EAST
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015 A00AA32 BARCLAYS BANK OF KENYA LIMITED
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015 A00AA33 SEOULBANK
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<PAGE> PAGE 6
015 D01AA33 KOREA
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015 A00AA34 STANDARD CHARTERED BANK MALAYSIA BERHAD
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015 C01AA34 KUALA LUMPUR
015 D01AA34 MALAYSIA
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015 A00AA38 MEESPIERSON N.V.
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015 A00AA40 CHRISTIANIA BANK OG KREDITKASSE
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015 A00AA41 DEUTSCHE BANK AG
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015 A00AA42 CITIBANK, N.A.
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<PAGE> PAGE 7
015 E04AA43 X
015 A00AA44 CITIBANK POLAND S.A.
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015 A00AA45 BANCO COMERCIAL PORTUGUES
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015 C01AA45 LISBON
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015 A00AA46 THE DEVELOPMENT BANK OF SINGAPORE LTD.
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015 A00AA47 CESKOSLOVENSKA OBCHODNA BANKA A.S.
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015 A00AA48 STANDARD BANK OF SOUTH AFRICA LIMITED
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015 A00AA50 THE HONGKONG AND SHANGHAI BANKING CORPORATION
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<PAGE> PAGE 8
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<PAGE> PAGE 9
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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 14
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 18
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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<PAGE> PAGE 21
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<PAGE> PAGE 22
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<PAGE> PAGE 23
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<PAGE> PAGE 24
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<PAGE> PAGE 25
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<PAGE> PAGE 26
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<PAGE> PAGE 27
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<PAGE> PAGE 28
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<PAGE> PAGE 29
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<PAGE> PAGE 30
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<PAGE> PAGE 31
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<PAGE> PAGE 32
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<PAGE> PAGE 33
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<PAGE> PAGE 34
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<PAGE> PAGE 35
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<PAGE> PAGE 36
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<PAGE> PAGE 37
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<PAGE> PAGE 38
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<PAGE> PAGE 39
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<PAGE> PAGE 40
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076 000700 0.00
024 000800 N
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028 A020800 -5
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<PAGE> PAGE 41
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050 000800 N
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052 000800 N
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056 000800 Y
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<PAGE> PAGE 42
059 000800 Y
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066 E000800 N
066 F000800 N
066 G000800 N
067 000800 N
068 A000800 N
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069 000800 N
070 A010800 Y
070 A020800 Y
070 B010800 Y
070 B020800 N
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070 C020800 N
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070 D020800 N
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070 E020800 N
070 F010800 Y
070 F020800 N
070 G010800 Y
070 G020800 N
070 H010800 N
070 H020800 N
<PAGE> PAGE 43
070 I010800 N
070 I020800 N
070 J010800 Y
070 J020800 Y
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070 L020800 Y
070 M010800 Y
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070 O020800 N
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070 Q020800 N
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<PAGE> PAGE 44
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<PAGE> PAGE 45
028 B040900 429
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<PAGE> PAGE 46
052 000900 N
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<PAGE> PAGE 47
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<PAGE> PAGE 48
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<PAGE> PAGE 49
076 000900 0.00
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<PAGE> PAGE 50
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<PAGE> PAGE 51
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<PAGE> PAGE 52
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<PAGE> PAGE 53
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<PAGE> PAGE 54
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<PAGE> PAGE 55
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<PAGE> PAGE 56
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<PAGE> PAGE 57
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SIGNATURE LAURA HEALY
TITLE ASST. VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000874964
<NAME> THE LAZARD FUNDS, INC.
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<NAME> LAZARD EQUITY PORTFOLIO
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