<PAGE> PAGE 1
000 B000000 12/31/96
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003 000000 N
004 000000 N
005 000000 N
006 000000 N
007 A000000 Y
007 B000000 10
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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 INTERNATIONAL SMALL CAP PORTFOLIO
007 C030700 N
007 C010800 8
007 C020800 LAZARD EMERGING MARKETS PORTFOLIO
007 C030800 N
007 C010900 9
007 C020900 LAZARD GLOBAL EQUITY PORTFOLIO
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<PAGE> PAGE 2
007 C031000 N
008 A00AA01 LAZARD FRERES ASSET MANAGEMENT
008 B00AA01 A
008 C00AA01 801-6568
008 D01AA01 NEW YORK
008 D02AA01 NY
008 D03AA01 10020
010 A00AA01 STATE STREET BANK AND TRUST COMPANY
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010 C01AA01 BOSTON
010 C02AA01 MA
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012 C02AA01 MA
012 C03AA01 02106
012 A00AA02 BOSTON FINANCIAL DATA SERVICES, INC.
012 B00AA02 85-8494
012 C01AA02 NORTH QUINCY
012 C02AA02 MA
012 C03AA02 02171
013 A00AA01 ANCHIN, BLOCK & ANCHIN LLP
013 B01AA01 NEW YORK
013 B02AA01 NY
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015 B00AA01 C
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015 E01AA01 X
015 A00AA02 CITIBANK, N.A.
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015 D01AA03 AUSTRALIA
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<PAGE> PAGE 3
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
015 E04AA08 X
015 A00AA09 CANADA TRUSTCO MORTGAGE COMPANY
015 B00AA09 S
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
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015 B00AA11 S
015 C01AA11 SHANGHAI
015 D01AA11 CHINA
015 E04AA11 X
015 A00AA12 CITIBANK, S.A.
015 B00AA12 S
015 C01AA12 BOGOTA
015 D01AA12 COLOMBIA
015 E04AA12 X
015 A00AA13 BARCLAYS BANK PLC
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
<PAGE> PAGE 4
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
015 B00AA19 S
015 C01AA19 FRANKFURT
015 D01AA19 GERMANY
015 E04AA19 X
015 A00AA20 BARCLAYS BANK OF GHANA LIMITED
015 B00AA20 S
015 C01AA20 ACCRA
015 D01AA20 GHANA
015 E04AA20 X
015 A00AA21 NATIONAL BANK OF GREECE
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<PAGE> PAGE 5
015 E04AA24 X
015 A00AA25 STANDARD CHARTERED BANK
015 B00AA25 S
015 C01AA25 JAKARTA
015 D01AA25 INDONESIA
015 E04AA25 X
015 A00AA26 BANK OF IRELAND
015 B00AA26 S
015 C01AA26 DUBLIN
015 D01AA26 IRELAND
015 E04AA26 X
015 A00AA27 BANK HAPOALIM B.M.
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015 E04AA27 X
015 A00AA28 BANQUE PARIBAS
015 B00AA28 S
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015 D01AA28 ITALY
015 E04AA28 X
015 A00AA29 THE DAIWA BANK, LIMITED
015 B00AA29 S
015 C01AA29 TOKYO
015 D01AA29 JAPAN
015 E04AA29 X
015 A00AA30 THE SUMITOMO TRUST & BANKING CO., LTD.
015 B00AA30 S
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015 D01AA30 JAPAN
015 E04AA30 X
015 A00AA31 THE BRITISH BANK OF THE MIDDLE EAST
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015 D01AA31 JORDAN
015 E04AA31 X
015 A00AA32 BARCLAYS BANK OF KENYA LIMITED
015 B00AA32 S
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015 E04AA32 X
015 A00AA33 SEOULBANK
015 B00AA33 S
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015 A00AA34 STANDARD CHARTERED BANK MALAYSIA BERHAD
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<PAGE> PAGE 6
015 A00AA35 THE HONGKONG AND SHANGHAI BANKING CORPORATION
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015 A00AA36 CITIBANK MEXICO, S.A.
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015 E04AA37 X
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015 B00AA38 S
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015 D01AA38 NETHERLANDS
015 E04AA38 X
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015 C01AA39 WELLINGTON
015 D01AA39 NEW ZEALAND
015 E04AA39 X
015 A00AA40 CHRISTIANIA BANK OG KREDITKASSE
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015 C01AA40 OSLO
015 D01AA40 NORWAY
015 E04AA40 X
015 A00AA41 DEUTSCHE BANK AG
015 B00AA41 S
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015 D01AA41 PAKISTAN
015 E04AA41 X
015 A00AA42 CITIBANK, N.A.
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015 C01AA42 LIMA
015 D01AA42 PERU
015 E04AA42 X
015 A00AA43 STANDARD CHARTERED BANK
015 B00AA43 S
015 C01AA43 MANILA
015 D01AA43 PHILIPPINES
015 E04AA43 X
015 A00AA44 CITIBANK POLAND S.A.
015 B00AA44 S
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<PAGE> PAGE 7
015 B00AA45 S
015 C01AA45 LISBON
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015 E04AA45 X
015 A00AA46 THE DEVELOPMENT BANK OF SINGAPORE LTD.
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015 D01AA46 SINGAPORE
015 E04AA46 X
015 A00AA47 CESKOSLOVENSKA OBCHODNA BANKA A.S.
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015 D01AA47 SLOVAK REPUBLIC
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015 A00AA48 STANDARD BANK OF SOUTH AFRICA LIMITED
015 B00AA48 S
015 C01AA48 JOHANNESBURG
015 D01AA48 SOUTH AFRICA
015 E04AA48 X
015 A00AA49 BANCO SANTANDER, S.A.
015 B00AA49 S
015 C01AA49 MADRID
015 D01AA49 SPAIN
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015 A00AA50 THE HONGKONG AND SHANGHAI BANKING CORPORATION
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015 D01AA50 SRI LANKA
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<PAGE> PAGE 8
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015 D01AA55 THAILAND
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015 A00AA56 CITIBANK, N.A.
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015 D01AA56 TURKEY
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015 D01AA57 UNITED KINGDOM
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015 A00AA58 CITIBANK, N.A.
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015 A00AA61 BARCLAYS BANK OF ZIMBABWE LIMITED
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015 A00AA62 THE HONGKONG AND SHANGHAI BANKING CORPORATION
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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
055 A000200 Y
055 B000200 N
056 000200 Y
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064 B000200 N
066 A000200 N
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<PAGE> PAGE 19
070 H020200 N
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<PAGE> PAGE 20
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080 A000200 VIGILANT INSURANCE
080 C000200 10000
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083 A000200 N
<PAGE> PAGE 21
083 B000200 0
084 A000200 N
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085 A000200 N
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024 000300 Y
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<PAGE> PAGE 22
047 000300 Y
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050 000300 N
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<PAGE> PAGE 23
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070 I020300 N
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070 L020300 N
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070 M020300 N
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070 O020300 N
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<PAGE> PAGE 24
070 R020300 N
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<PAGE> PAGE 25
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080 A000300 VIGILANT INSURANCE
080 C000300 10000
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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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080 A000400 VIGILANT INSURANCE
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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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<PAGE> PAGE 41
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<PAGE> PAGE 42
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<PAGE> PAGE 43
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<PAGE> PAGE 44
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<PAGE> PAGE 45
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<PAGE> PAGE 46
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<PAGE> PAGE 47
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<PAGE> PAGE 48
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<PAGE> PAGE 49
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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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SIGNATURE LIZ COTRONE
TITLE ASST. VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000874964
<NAME> THE LAZARD FUNDS, INC.
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<NAME> LAZARD INTERNATIONAL EQUITY PORTFOLIO
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</TABLE>
