FILED PURSUANT TO RULE 497(e)
REGISTRATION FILE NO. 33-40682
February 27, 1997
THE LAZARD FUNDS, INC.
Supplement to Statement of Additional Information
Dated November 1, 1996
THE FOLLOWING INFORMATION SUPPLEMENTS AND SUPERSEDES ANY CONTRARY
INFORMATION CONTAINED IN THE FUND'S STATEMENT OF ADDITIONAL INFORMATION UNDER
THE CAPTION "DIVIDENDS AND DISTRIBUTIONS."
Purchased shares of the International Fixed-Income Portfolio, Bond
Portfolio and Strategic Yield Portfolio will begin accruing dividends on the
business day the purchase order is received in proper form by the Fund's
transfer agent.
