<PAGE> PAGE 1
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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
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007 C010500 5
007 C020500 LAZARD SMALL CAP PORTFOLIO
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007 C010600 6
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007 C020900 LAZARD GLOBAL EQUITY PORTFOLIO
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<PAGE> PAGE 2
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007 C011100 11
007 C021100 LAZARD MID CAP PORTFOLIO
007 C031100 N
007 C011200 12
007 C021200 LAZARD HIGH YIELD PORTFOLIO
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007 C011700 17
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<PAGE> PAGE 3
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015 A00AA03 WESTPAC BANKING CORPORATION
015 B00AA03 S
015 C01AA03 SYDNEY
015 D01AA03 AUSTRALIA
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015 A00AA04 ERSTE BANK
015 B00AA04 S
015 C01AA04 VIENNA
015 D01AA04 AUSTRIA
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015 A00AA05 STANDARD CHARTERED BANK
015 B00AA05 S
015 C01AA05 DHAKA
015 D01AA05 BANGLADESH
015 E04AA05 X
015 A00AA06 GENERALE DE BANQUE
015 B00AA06 S
015 C01AA06 BRUSSELS
015 D01AA06 BELGIUM
015 E04AA06 X
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015 B00AA07 S
015 C01AA07 GABORONE
015 D01AA07 BOTSWANA
015 E04AA07 X
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015 D01AA09 CANADA
015 E04AA09 X
015 A00AA10 BANK POLSKA KASA OPIEKI S.A.
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015 D01AA11 CHINA
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015 A00AA12 CITITRUST COLOMBIA S.A. SOCIEDAD FIDUCIARIA
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<PAGE> PAGE 4
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015 A00AA13 BARCLAYS BANK PLC CYPRUS OFFSHORE BANKING UNT
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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
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015 D01AA15 DENMARK
015 E04AA15 X
015 A00AA16 NATIONAL BANK OF EGYPT
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015 C01AA16 CAIRO
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015 E04AA16 X
015 A00AA17 MERITA BANK LIMITED
015 B00AA17 S
015 C01AA17 HELSINKI
015 D01AA17 FINLAND
015 E04AA17 X
015 A00AA18 BANQUE PARIBAS
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015 C01AA18 PARIS
015 D01AA18 FRANCE
015 E04AA18 X
015 A00AA19 DRESDNER BANK AG
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<PAGE> PAGE 5
015 A00AA23 CITIBANK BUDAPEST RT.
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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 C01AA27 TEL AVIV
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015 A00AA28 BANQUE PARIBAS
015 B00AA28 S
015 C01AA28 MILAN
015 D01AA28 ITALY
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015 A00AA29 THE FUJI BANK, LTD.
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015 A00AA30 BRITISH BANK OF THE MIDDLE EAST
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<PAGE> PAGE 6
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<PAGE> PAGE 7
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015 A00AA46 CESKOSLOVENSKA OBCHODNA BANKA A.S.
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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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<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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<PAGE> PAGE 56
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072 J000900 83
<PAGE> PAGE 57
072 K000900 0
072 L000900 1
072 M000900 11
072 N000900 20
072 O000900 0
072 P000900 0
072 Q000900 0
072 R000900 29
072 S000900 4
072 T000900 9
072 U000900 0
072 V000900 0
072 W000900 3
072 X000900 374
072 Y000900 195
072 Z000900 161
072AA000900 863
072BB000900 0
072CC010900 1696
072CC020900 0
072DD010900 110
072DD020900 15
072EE000900 1060
073 A010900 0.0839
073 A020900 0.0439
073 B000900 0.6905
073 C000900 0.0000
074 A000900 1
074 B000900 531
074 C000900 0
074 D000900 0
074 E000900 0
074 F000900 21812
074 G000900 0
074 H000900 0
074 I000900 0
074 J000900 151
074 K000900 75
074 L000900 90
074 M000900 0
074 N000900 22660
074 O000900 65
074 P000900 3
074 Q000900 0
074 R010900 0
074 R020900 0
074 R030900 0
074 R040900 58
074 S000900 0
074 T000900 22534
074 U010900 1348
<PAGE> PAGE 58
074 U020900 367
074 V010900 13.14
074 V020900 13.16
074 W000900 0.0000
074 X000900 171
074 Y000900 0
075 A000900 0
075 B000900 15998
076 000900 0.00
080 A000900 VIGILANT INSURANCE
080 C000900 12000
081 A000900 Y
081 B000900 15
082 A000900 Y
082 B000900 25
083 A000900 N
083 B000900 0
084 A000900 N
084 B000900 0
085 A000900 Y
085 B000900 N
024 001000 N
025 D001001 0
025 D001002 0
025 D001003 0
025 D001004 0
025 D001005 0
025 D001006 0
025 D001007 0
025 D001008 0
028 A011000 4506
028 A021000 0
028 A031000 0
028 A041000 797
028 B011000 2449
028 B021000 878
028 B031000 0
028 B041000 3216
028 C011000 986
028 C021000 0
028 C031000 0
028 C041000 2187
028 D011000 557
028 D021000 0
028 D031000 0
028 D041000 2396
028 E011000 500
028 E021000 0
028 E031000 0
028 E041000 1991
028 F011000 2087
<PAGE> PAGE 59
028 F021000 0
028 F031000 0
028 F041000 3061
028 G011000 11084
028 G021000 878
028 G031000 0
028 G041000 13649
028 H001000 0
045 001000 Y
046 001000 N
047 001000 Y
048 001000 0.750
048 A011000 0
048 A021000 0.000
048 B011000 0
048 B021000 0.000
048 C011000 0
048 C021000 0.000
048 D011000 0
048 D021000 0.000
048 E011000 0
048 E021000 0.000
048 F011000 0
048 F021000 0.000
048 G011000 0
048 G021000 0.000
048 H011000 0
048 H021000 0.000
048 I011000 0
048 I021000 0.000
048 J011000 0
048 J021000 0.000
048 K011000 0
048 K021000 0.000
049 001000 N
050 001000 N
051 001000 N
052 001000 N
053 A001000 Y
053 B001000 Y
053 C001000 N
055 A001000 Y
055 B001000 N
056 001000 Y
057 001000 N
058 A001000 N
059 001000 Y
060 A001000 N
060 B001000 N
061 001000 10000
062 A001000 N
<PAGE> PAGE 60
062 B001000 0.0
062 C001000 0.0
062 D001000 0.0
062 E001000 0.0
062 F001000 0.0
062 G001000 0.0
062 H001000 0.0
062 I001000 0.0
062 J001000 0.0
062 K001000 0.0
062 L001000 0.0
062 M001000 0.0
062 N001000 0.0
062 O001000 0.0
062 P001000 0.0
062 Q001000 0.0
062 R001000 0.0
063 A001000 0
063 B001000 0.0
066 A001000 Y
066 B001000 N
066 C001000 Y
066 D001000 N
066 E001000 N
066 F001000 N
066 G001000 N
067 001000 N
068 A001000 N
068 B001000 N
069 001000 N
070 A011000 Y
070 A021000 Y
070 B011000 Y
070 B021000 N
070 C011000 Y
070 C021000 N
070 D011000 Y
070 D021000 N
070 E011000 N
070 E021000 N
070 F011000 N
070 F021000 N
070 G011000 N
070 G021000 N
070 H011000 N
070 H021000 N
070 I011000 N
070 I021000 N
070 J011000 Y
070 J021000 N
070 K011000 Y
<PAGE> PAGE 61
070 K021000 N
070 L011000 Y
070 L021000 N
070 M011000 N
070 M021000 N
070 N011000 Y
070 N021000 N
070 O011000 Y
070 O021000 N
070 P011000 Y
070 P021000 N
070 Q011000 N
070 Q021000 N
070 R011000 N
070 R021000 N
071 A001000 68145
071 B001000 70383
071 C001000 71880
071 D001000 95
072 A001000 12
072 B001000 262
072 C001000 238
072 D001000 0
072 E001000 0
072 F001000 575
072 G001000 60
072 H001000 0
072 I001000 58
072 J001000 63
072 K001000 0
072 L001000 10
072 M001000 14
072 N001000 28
072 O001000 0
072 P001000 0
072 Q001000 0
072 R001000 37
072 S001000 4
072 T001000 21
072 U001000 0
072 V001000 0
072 W001000 6
072 X001000 876
072 Y001000 45
072 Z001000 -331
072AA001000 73
072BB001000 0
072CC011000 0
072CC021000 12145
072DD011000 0
072DD021000 0
<PAGE> PAGE 62
072EE001000 897
073 A011000 0.0000
073 A021000 0.0000
073 B001000 0.1500
073 C001000 0.0000
074 A001000 0
074 B001000 5157
074 C001000 0
074 D001000 0
074 E001000 0
074 F001000 61412
074 G001000 0
074 H001000 0
074 I001000 0
074 J001000 618
074 K001000 0
074 L001000 121
074 M001000 1
074 N001000 67309
074 O001000 26
074 P001000 43
074 Q001000 0
074 R011000 0
074 R021000 0
074 R031000 0
074 R041000 446
074 S001000 0
074 T001000 66794
074 U011000 4900
074 U021000 583
074 V011000 12.19
074 V021000 12.11
074 W001000 0.0000
074 X001000 1011
074 Y001000 0
075 A001000 0
075 B001000 76694
076 001000 0.00
080 A001000 VIGILANT INSURANCE
080 C001000 12000
081 A001000 Y
081 B001000 15
082 A001000 Y
082 B001000 25
083 A001000 N
083 B001000 0
084 A001000 N
084 B001000 0
085 A001000 Y
085 B001000 N
024 001100 Y
<PAGE> PAGE 63
025 A001101 WADDELL & REED
025 B001101 43-1235675
025 C001101 E
025 D001101 1552
025 D001102 0
025 D001103 0
025 D001104 0
025 D001105 0
025 D001106 0
025 D001107 0
025 D001108 0
028 A011100 13469
028 A021100 0
028 A031100 0
028 A041100 274
028 B011100 5172
028 B021100 11
028 B031100 0
028 B041100 4976
028 C011100 1388
028 C021100 0
028 C031100 0
028 C041100 1860
028 D011100 1095
028 D021100 0
028 D031100 0
028 D041100 2291
028 E011100 1457
028 E021100 0
028 E031100 0
028 E041100 2433
028 F011100 7525
028 F021100 982
028 F031100 0
028 F041100 5359
028 G011100 30106
028 G021100 993
028 G031100 0
028 G041100 17193
028 H001100 0
045 001100 Y
046 001100 N
047 001100 Y
048 001100 0.750
048 A011100 0
048 A021100 0.000
048 B011100 0
048 B021100 0.000
048 C011100 0
048 C021100 0.000
048 D011100 0
<PAGE> PAGE 64
048 D021100 0.000
048 E011100 0
048 E021100 0.000
048 F011100 0
048 F021100 0.000
048 G011100 0
048 G021100 0.000
048 H011100 0
048 H021100 0.000
048 I011100 0
048 I021100 0.000
048 J011100 0
048 J021100 0.000
048 K011100 0
048 K021100 0.000
049 001100 N
050 001100 N
051 001100 N
052 001100 N
053 A001100 Y
053 B001100 Y
053 C001100 N
055 A001100 Y
055 B001100 N
056 001100 Y
057 001100 N
058 A001100 N
059 001100 Y
060 A001100 N
060 B001100 N
061 001100 10000
062 A001100 N
062 B001100 0.0
062 C001100 0.0
062 D001100 0.0
062 E001100 0.0
062 F001100 0.0
062 G001100 0.0
062 H001100 0.0
062 I001100 0.0
062 J001100 0.0
062 K001100 0.0
062 L001100 0.0
062 M001100 0.0
062 N001100 0.0
062 O001100 0.0
062 P001100 0.0
062 Q001100 0.0
062 R001100 0.0
063 A001100 0
063 B001100 0.0
<PAGE> PAGE 65
066 A001100 Y
066 B001100 N
066 C001100 Y
066 D001100 N
066 E001100 N
066 F001100 N
066 G001100 N
067 001100 N
068 A001100 N
068 B001100 N
069 001100 N
070 A011100 Y
070 A021100 Y
070 B011100 Y
070 B021100 N
070 C011100 Y
070 C021100 N
070 D011100 Y
070 D021100 N
070 E011100 N
070 E021100 N
070 F011100 Y
070 F021100 N
070 G011100 Y
070 G021100 N
070 H011100 Y
070 H021100 N
070 I011100 N
070 I021100 N
070 J011100 Y
070 J021100 N
070 K011100 Y
070 K021100 N
070 L011100 Y
070 L021100 Y
070 M011100 Y
070 M021100 N
070 N011100 Y
070 N021100 N
070 O011100 Y
070 O021100 N
070 P011100 Y
070 P021100 N
070 Q011100 N
070 Q021100 N
070 R011100 Y
070 R021100 N
071 A001100 71078
071 B001100 49549
071 C001100 57697
071 D001100 86
<PAGE> PAGE 66
072 A001100 12
072 B001100 240
072 C001100 708
072 D001100 0
072 E001100 0
072 F001100 460
072 G001100 57
072 H001100 0
072 I001100 56
072 J001100 57
072 K001100 0
072 L001100 12
072 M001100 14
072 N001100 25
072 O001100 0
072 P001100 0
072 Q001100 0
072 R001100 45
072 S001100 2
072 T001100 23
072 U001100 38
072 V001100 0
072 W001100 5
072 X001100 794
072 Y001100 123
072 Z001100 277
072AA001100 1047
072BB001100 0
072CC011100 551
072CC021100 0
072DD011100 256
072DD021100 54
072EE001100 766
073 A011100 0.0496
073 A021100 0.0363
073 B001100 0.1144
073 C001100 0.0000
074 A001100 0
074 B001100 2389
074 C001100 0
074 D001100 0
074 E001100 0
074 F001100 70399
074 G001100 0
074 H001100 0
074 I001100 0
074 J001100 0
074 K001100 0
074 L001100 94
074 M001100 19
074 N001100 72901
<PAGE> PAGE 67
074 O001100 615
074 P001100 45
074 Q001100 0
074 R011100 0
074 R021100 0
074 R031100 0
074 R041100 165
074 S001100 0
074 T001100 72076
074 U011100 5328
074 U021100 1565
074 V011100 10.46
074 V021100 10.45
074 W001100 0.0000
074 X001100 887
074 Y001100 0
075 A001100 0
075 B001100 61301
076 001100 0.00
080 A001100 VIGILANT INSURANCE
080 C001100 12000
081 A001100 Y
081 B001100 15
082 A001100 Y
082 B001100 25
083 A001100 N
083 B001100 0
084 A001100 N
084 B001100 0
085 A001100 Y
085 B001100 N
024 001200 N
025 D001201 0
025 D001202 0
025 D001203 0
025 D001204 0
025 D001205 0
025 D001206 0
025 D001207 0
025 D001208 0
028 A011200 3478
028 A021200 248
028 A031200 0
028 A041200 0
028 B011200 6110
028 B021200 275
028 B031200 0
028 B041200 42
028 C011200 179
028 C021200 301
028 C031200 0
<PAGE> PAGE 68
028 C041200 1081
028 D011200 197
028 D021200 293
028 D031200 0
028 D041200 546
028 E011200 736
028 E021200 287
028 E031200 0
028 E041200 1922
028 F011200 5757
028 F021200 370
028 F031200 0
028 F041200 5
028 G011200 16457
028 G021200 1774
028 G031200 0
028 G041200 3596
028 H001200 0
045 001200 Y
046 001200 N
047 001200 Y
048 001200 0.750
048 A011200 0
048 A021200 0.000
048 B011200 0
048 B021200 0.000
048 C011200 0
048 C021200 0.000
048 D011200 0
048 D021200 0.000
048 E011200 0
048 E021200 0.000
048 F011200 0
048 F021200 0.000
048 G011200 0
048 G021200 0.000
048 H011200 0
048 H021200 0.000
048 I011200 0
048 I021200 0.000
048 J011200 0
048 J021200 0.000
048 K011200 0
048 K021200 0.000
049 001200 N
050 001200 N
051 001200 N
052 001200 N
053 A001200 Y
053 B001200 Y
053 C001200 N
<PAGE> PAGE 69
055 A001200 Y
055 B001200 N
056 001200 Y
057 001200 N
058 A001200 N
059 001200 Y
060 A001200 N
060 B001200 N
061 001200 10000
062 A001200 Y
062 B001200 0.0
062 C001200 0.0
062 D001200 3.6
062 E001200 0.0
062 F001200 0.0
062 G001200 0.0
062 H001200 0.0
062 I001200 0.0
062 J001200 0.0
062 K001200 0.0
062 L001200 0.0
062 M001200 0.0
062 N001200 0.0
062 O001200 0.0
062 P001200 88.2
062 Q001200 0.0
062 R001200 6.1
063 A001200 0
063 B001200 8.9
064 A001200 N
064 B001200 N
066 A001200 N
067 001200 N
068 A001200 N
068 B001200 N
069 001200 N
070 A011200 Y
070 A021200 Y
070 B011200 Y
070 B021200 N
070 C011200 Y
070 C021200 N
070 D011200 Y
070 D021200 N
070 E011200 Y
070 E021200 N
070 F011200 N
070 F021200 N
070 G011200 Y
070 G021200 N
070 H011200 N
<PAGE> PAGE 70
070 H021200 N
070 I011200 N
070 I021200 N
070 J011200 Y
070 J021200 Y
070 K011200 Y
070 K021200 N
070 L011200 Y
070 L021200 N
070 M011200 Y
070 M021200 N
070 N011200 Y
070 N021200 N
070 O011200 Y
070 O021200 N
070 P011200 Y
070 P021200 N
070 Q011200 N
070 Q021200 N
070 R011200 Y
070 R021200 N
071 A001200 155743
071 B001200 111955
071 C001200 26798
071 D001200 415
072 A001200 12
072 B001200 2801
072 C001200 183
072 D001200 0
072 E001200 0
072 F001200 226
072 G001200 50
072 H001200 0
072 I001200 41
072 J001200 50
072 K001200 0
072 L001200 1
072 M001200 11
072 N001200 28
072 O001200 0
072 P001200 0
072 Q001200 0
072 R001200 28
072 S001200 3
072 T001200 1
072 U001200 45
072 V001200 0
072 W001200 2
072 X001200 486
072 Y001200 169
072 Z001200 2667
<PAGE> PAGE 71
072AA001200 0
072BB001200 2212
072CC011200 0
072CC021200 1146
072DD011200 2725
072DD021200 21
072EE001200 0
073 A011200 0.8857
073 A021200 0.7310
073 B001200 0.0000
073 C001200 0.0000
074 A001200 0
074 B001200 1545
074 C001200 0
074 D001200 37838
074 E001200 2616
074 F001200 0
074 G001200 0
074 H001200 0
074 I001200 0
074 J001200 233
074 K001200 0
074 L001200 1027
074 M001200 20
074 N001200 43279
074 O001200 321
074 P001200 10
074 Q001200 0
074 R011200 0
074 R021200 0
074 R031200 0
074 R041200 64
074 S001200 0
074 T001200 42884
074 U011200 4453
074 U021200 101
074 V011200 9.42
074 V021200 9.42
074 W001200 0.0000
074 X001200 84
074 Y001200 0
075 A001200 0
075 B001200 30446
076 001200 0.00
080 A001200 VIGILANT INSURANCE
080 C001200 12000
081 A001200 Y
081 B001200 15
082 A001200 Y
082 B001200 25
083 A001200 N
<PAGE> PAGE 72
083 B001200 0
084 A001200 N
084 B001200 0
085 A001200 Y
085 B001200 N
SIGNATURE CHARLES BUCKLEY
TITLE ASSIS. VICE PRES
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000874964
<NAME> THE LAZARD FUNDS, INC.
<SERIES>
<NUMBER> 1
<NAME> LAZARD INTERNATIONAL EQUITY PORTFOLIO
<S> <C> <C>
<PERIOD-TYPE> 12-MOS 12-MOS
<FISCAL-YEAR-END> DEC-31-1998 DEC-31-1998
<PERIOD-START> JAN-01-1998 JAN-01-1998
<PERIOD-END> DEC-31-1998 DEC-31-1998
<INVESTMENTS-AT-COST> 2,428,029,380 2,428,029,380
<INVESTMENTS-AT-VALUE> 2,919,297,732 2,919,297,732
<RECEIVABLES> 12,260,145 12,260,145
<ASSETS-OTHER> 1,363,690 1,363,690
<OTHER-ITEMS-ASSETS> 0 0
<TOTAL-ASSETS> 2,932,921,567 2,932,921,567
<PAYABLE-FOR-SECURITIES> 0 0
<SENIOR-LONG-TERM-DEBT> 0 0
<OTHER-ITEMS-LIABILITIES> 6,329,131 6,329,131
<TOTAL-LIABILITIES> 6,329,131 6,329,131
<SENIOR-EQUITY> 0 0
<PAID-IN-CAPITAL-COMMON> 2,444,989,945 2,444,989,945
<SHARES-COMMON-STOCK> 189,079,168 3,106,682
<SHARES-COMMON-PRIOR> 150,349,803 773,878
<ACCUMULATED-NII-CURRENT> 0 0
<OVERDISTRIBUTION-NII> 20,141,111 20,141,111
<ACCUMULATED-NET-GAINS> 10,250,130 10,250,130
<OVERDISTRIBUTION-GAINS> 0 0
<ACCUM-APPREC-OR-DEPREC> 491,493,472 491,493,472
<NET-ASSETS> 2,926,592,436 2,926,592,436
<DIVIDEND-INCOME> 52,760,910 52,760,910
<INTEREST-INCOME> 6,005,981 6,005,981
<OTHER-INCOME> 0 0
<EXPENSES-NET> 23,442,773 23,442,773
<NET-INVESTMENT-INCOME> 35,324,118 35,324,118
<REALIZED-GAINS-CURRENT> 136,266,402 136,266,402
<APPREC-INCREASE-CURRENT> 178,170,268 178,170,268
<NET-CHANGE-FROM-OPS> 349,760,788 349,760,788
<EQUALIZATION> 0 0
<DISTRIBUTIONS-OF-INCOME> 25,534,748 250,536
<DISTRIBUTIONS-OF-GAINS> 144,495,716 2,219,617
<DISTRIBUTIONS-OTHER> 0 0
<NUMBER-OF-SHARES-SOLD> 90,975,345 90,975,345
<NUMBER-OF-SHARES-REDEEMED> 61,418,428 61,418,428
<SHARES-REINVESTED> 11,505,252 11,505,252
<NET-CHANGE-IN-ASSETS> 816,074,053 816,074,053
<ACCUMULATED-NII-PRIOR> 0 0
<ACCUMULATED-GAINS-PRIOR> 12,212,664 12,212,664
<OVERDISTRIB-NII-PRIOR> 21,193,548 21,193,548
<OVERDIST-NET-GAINS-PRIOR> 0 0
<GROSS-ADVISORY-FEES> 19,452,067 19,452,067
<INTEREST-EXPENSE> 0 0
<GROSS-EXPENSE> 23,447,273 23,447,273
<AVERAGE-NET-ASSETS> 2,562,871,845 30,737,083
<PER-SHARE-NAV-BEGIN> 13.97 13.95
<PER-SHARE-NII> 0.18 0.18
<PER-SHARE-GAIN-APPREC> 2.03 2.00
<PER-SHARE-DIVIDEND> 0.14 0.09
<PER-SHARE-DISTRIBUTIONS> 0.81 0.81
<RETURNS-OF-CAPITAL> 0 0
<PER-SHARE-NAV-END> 15.23 15.23
<EXPENSE-RATIO> 0.90 1.24
<AVG-DEBT-OUTSTANDING> 0 0
<AVG-DEBT-PER-SHARE> 0 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000874964
<NAME> THE LAZARD FUNDS, INC.
<SERIES>
<NUMBER> 2
<NAME> LAZARD INTERNATIONAL FIXED-INCOME PORTFOLIO
<S> <C> <C>
<PERIOD-TYPE> 12-MOS 12-MOS
<FISCAL-YEAR-END> DEC-31-1998 DEC-31-1998
<PERIOD-START> JAN-01-1998 JAN-01-1998
<PERIOD-END> DEC-31-1998 DEC-31-1998
<INVESTMENTS-AT-COST> 112,517,182 112,517,182
<INVESTMENTS-AT-VALUE> 116,898,630 116,898,630
<RECEIVABLES> 4,062,096 4,062,096
<ASSETS-OTHER> 10,365 10,365
<OTHER-ITEMS-ASSETS> 0 0
<TOTAL-ASSETS> 120,971,091 120,971,091
<PAYABLE-FOR-SECURITIES> 225,938 225,938
<SENIOR-LONG-TERM-DEBT> 0 0
<OTHER-ITEMS-LIABILITIES> 494,379 494,379
<TOTAL-LIABILITIES> 720,317 720,317
<SENIOR-EQUITY> 0 0
<PAID-IN-CAPITAL-COMMON> 115,109,368 115,109,368
<SHARES-COMMON-STOCK> 10,782,322 444,293
<SHARES-COMMON-PRIOR> 11,439,832 287,789
<ACCUMULATED-NII-CURRENT> 0 0
<OVERDISTRIBUTION-NII> 282,389 282,389
<ACCUMULATED-NET-GAINS> 389,612 389,612
<OVERDISTRIBUTION-GAINS> 0 0
<ACCUM-APPREC-OR-DEPREC> 5,034,183 5,034,183
<NET-ASSETS> 120,250,774 120,250,774
<DIVIDEND-INCOME> 27,582 27,582
<INTEREST-INCOME> 6,107,211 6,107,211
<OTHER-INCOME> 0 0
<EXPENSES-NET> 1,259,571 1,259,571
<NET-INVESTMENT-INCOME> 4,875,222 4,875,222
<REALIZED-GAINS-CURRENT> (139,509) (139,509)
<APPREC-INCREASE-CURRENT> 9,605,472 9,605,472
<NET-CHANGE-FROM-OPS> 14,341,185 14,341,185
<EQUALIZATION> 0 0
<DISTRIBUTIONS-OF-INCOME> 1,954,550 62,023
<DISTRIBUTIONS-OF-GAINS> 0 0
<DISTRIBUTIONS-OTHER> 0 0
<NUMBER-OF-SHARES-SOLD> 3,308,792 3,308,792
<NUMBER-OF-SHARES-REDEEMED> 4,049,751 4,049,751
<SHARES-REINVESTED> 239,953 239,953
<NET-CHANGE-IN-ASSETS> 7,293,536 7,293,536
<ACCUMULATED-NII-PRIOR> 0 0
<ACCUMULATED-GAINS-PRIOR> 0 0
<OVERDISTRIB-NII-PRIOR> 1,450,070 1,450,070
<OVERDIST-NET-GAINS-PRIOR> 298,988 298,988
<GROSS-ADVISORY-FEES> 857,644 857,644
<INTEREST-EXPENSE> 0 0
<GROSS-EXPENSE> 1,289,051 1,289,051
<AVERAGE-NET-ASSETS> 110,539,364 3,813,134
<PER-SHARE-NAV-BEGIN> 9.63 9.63
<PER-SHARE-NII> 0.32 0.31
<PER-SHARE-GAIN-APPREC> 0.98 0.96
<PER-SHARE-DIVIDEND> 0.22 0.21
<PER-SHARE-DISTRIBUTIONS> 0 0
<RETURNS-OF-CAPITAL> 0 0
<PER-SHARE-NAV-END> 10.71 10.69
<EXPENSE-RATIO> 1.09 10.35
<AVG-DEBT-OUTSTANDING> 0 0
<AVG-DEBT-PER-SHARE> 0 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000874964
<NAME> THE LAZARD FUNDS, INC.
<SERIES>
<NUMBER> 3
<NAME> LAZARD BOND PORTFOLIO
<S> <C> <C>
<PERIOD-TYPE> 12-MOS 12-MOS
<FISCAL-YEAR-END> DEC-31-1998 DEC-31-1998
<PERIOD-START> JAN-01-1998 JAN-01-1998
<PERIOD-END> DEC-31-1998 DEC-31-1998
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<PAID-IN-CAPITAL-COMMON> 116,074,933 116,074,933
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<OVERDISTRIBUTION-GAINS> 192,313 192,313
<ACCUM-APPREC-OR-DEPREC> (79,062) (79,062)
<NET-ASSETS> 115,623,103 115,623,103
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<INTEREST-INCOME> 6,520,653 6,520,653
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<EXPENSES-NET> 851,753 851,753
<NET-INVESTMENT-INCOME> 5,668,900 5,668,900
<REALIZED-GAINS-CURRENT> 1,363,055 1,363,055
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<NET-CHANGE-FROM-OPS> 5,819,119 5,819,119
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<DISTRIBUTIONS-OF-INCOME> 5,116,571 589,208
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<NET-CHANGE-IN-ASSETS> 15,912,479 15,912,479
<ACCUMULATED-NII-PRIOR> 0 0
<ACCUMULATED-GAINS-PRIOR> 132,961 132,961
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<GROSS-ADVISORY-FEES> 523,656 523,656
<INTEREST-EXPENSE> 0 0
<GROSS-EXPENSE> 873,401 873,401
<AVERAGE-NET-ASSETS> 93,262,341 11,468,765
<PER-SHARE-NAV-BEGIN> 10.03 10.02
<PER-SHARE-NII> 0.55 0.52
<PER-SHARE-GAIN-APPREC> 0.01 0.01
<PER-SHARE-DIVIDEND> 0.55 0.52
<PER-SHARE-DISTRIBUTIONS> 0.15 0.15
<RETURNS-OF-CAPITAL> 0 0
<PER-SHARE-NAV-END> 9.89 9.88
<EXPENSE-RATIO> 0.78 1.10
<AVG-DEBT-OUTSTANDING> 0 0
<AVG-DEBT-PER-SHARE> 0 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000874964
<NAME> THE LAZARD FUNDS, INC.
<SERIES>
<NUMBER> 4
<NAME> LAZARD STRATEGIC YIELD PORTFOLIO
<S> <C> <C>
<PERIOD-TYPE> 12-MOS 12-MOS
<FISCAL-YEAR-END> DEC-31-1998 DEC-31-1998
<PERIOD-START> JAN-01-1998 JAN-01-1998
<PERIOD-END> DEC-31-1998 DEC-31-1998
<INVESTMENTS-AT-COST> 436,009,871 436,009,870
<INVESTMENTS-AT-VALUE> 421,895,565 421,895,565
<RECEIVABLES> 20,834,800 20,834,800
<ASSETS-OTHER> 31,305 31,305
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<TOTAL-ASSETS> 442,761,670 442,761,670
<PAYABLE-FOR-SECURITIES> 18,003,195 18,003,195
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<OTHER-ITEMS-LIABILITIES> 4,699,114 4,699,114
<TOTAL-LIABILITIES> 22,702,309 22,702,309
<SENIOR-EQUITY> 0 0
<PAID-IN-CAPITAL-COMMON> 454,082,459 454,082,459
<SHARES-COMMON-STOCK> 44,107,303 2,489,504
<SHARES-COMMON-PRIOR> 41,370,616 1,584,672
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<ACCUMULATED-NET-GAINS> 0 0
<OVERDISTRIBUTION-GAINS> 21,201,218 21,201,218
<ACCUM-APPREC-OR-DEPREC> (13,868,473) (13,868,473)
<NET-ASSETS> 420,059,361 420,059,361
<DIVIDEND-INCOME> 1,472,366 1,472,366
<INTEREST-INCOME> 34,318,958 34,318,958
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<EXPENSES-NET> 4,170,124 4,170,124
<NET-INVESTMENT-INCOME> 31,621,200 31,621,200
<REALIZED-GAINS-CURRENT> (30,022,479) (30,022,479)
<APPREC-INCREASE-CURRENT> (3,041,073) (3,041,073)
<NET-CHANGE-FROM-OPS> (1,442,352) (1,442,352)
<EQUALIZATION> 0 0
<DISTRIBUTIONS-OF-INCOME> 20,259,420 826,847
<DISTRIBUTIONS-OF-GAINS> 0 0
<DISTRIBUTIONS-OTHER> 13,228,346 592,897
<NUMBER-OF-SHARES-SOLD> 66,561,229 66,561,229
<NUMBER-OF-SHARES-REDEEMED> 65,362,961 65,362,961
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<NET-CHANGE-IN-ASSETS> 5,307,140 5,307,140
<ACCUMULATED-NII-PRIOR> 0 0
<ACCUMULATED-GAINS-PRIOR> 0 0
<OVERDISTRIB-NII-PRIOR> 574,424 574,424
<OVERDIST-NET-GAINS-PRIOR> 92,655 92,655
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<INTEREST-EXPENSE> 0 0
<GROSS-EXPENSE> 4,181,649 4,181,649
<AVERAGE-NET-ASSETS> 436,711,183 19,573,493
<PER-SHARE-NAV-BEGIN> 9.66 9.66
<PER-SHARE-NII> 0.76 0.73
<PER-SHARE-GAIN-APPREC> (0.69) (0.69)
<PER-SHARE-DIVIDEND> 0.44 0.40
<PER-SHARE-DISTRIBUTIONS> 0 0
<RETURNS-OF-CAPITAL> 0.28 0.28
<PER-SHARE-NAV-END> 9.01 9.02
<EXPENSE-RATIO> 0.90 1.28
<AVG-DEBT-OUTSTANDING> 0 0
<AVG-DEBT-PER-SHARE> 0 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000874964
<NAME> THE LAZARD FUNDS, INC.
<SERIES>
<NUMBER> 5
<NAME> LAZARD SMALL CAP PORTFOLIO
<S> <C> <C>
<PERIOD-TYPE> 12-MOS 12-MOS
<FISCAL-YEAR-END> DEC-31-1998 DEC-31-1998
<PERIOD-START> JAN-01-1998 JAN-01-1998
<PERIOD-END> DEC-31-1998 DEC-31-1998
<INVESTMENTS-AT-COST> 1,409,642,345 1,409,642,345
<INVESTMENTS-AT-VALUE> 1,499,501,478 1,499,501,478
<RECEIVABLES> 16,647,439 16,647,439
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<OTHER-ITEMS-ASSETS> 0 0
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<PAYABLE-FOR-SECURITIES> 6,527,195 6,527,195
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<OTHER-ITEMS-LIABILITIES> 4,571,661 4,571,661
<TOTAL-LIABILITIES> 11,098,856 11,098,856
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<PAID-IN-CAPITAL-COMMON> 1,416,125,856 1,416,125,856
<SHARES-COMMON-STOCK> 81,187,480 5,391,454
<SHARES-COMMON-PRIOR> 72,186,366 2,302,364
<ACCUMULATED-NII-CURRENT> 7,069,548 7,069,548
<OVERDISTRIBUTION-NII> 0 0
<ACCUMULATED-NET-GAINS> 0 0
<OVERDISTRIBUTION-GAINS> 8,004,268 8,004,268
<ACCUM-APPREC-OR-DEPREC> 89,859,133 89,859,133
<NET-ASSETS> 1,505,050,269 1,505,050,269
<DIVIDEND-INCOME> 14,048,859 14,048,859
<INTEREST-INCOME> 6,014,341 6,014,341
<OTHER-INCOME> 0 0
<EXPENSES-NET> 12,981,415 12,981,415
<NET-INVESTMENT-INCOME> 7,081,785 7,081,785
<REALIZED-GAINS-CURRENT> (8,015,535) (8,015,535)
<APPREC-INCREASE-CURRENT> (200,026,407) (200,026,407)
<NET-CHANGE-FROM-OPS> (200,960,157) (200,960,157)
<EQUALIZATION> 0 0
<DISTRIBUTIONS-OF-INCOME> 682,951 0
<DISTRIBUTIONS-OF-GAINS> 7,744,125 533,570
<DISTRIBUTIONS-OTHER> 0 0
<NUMBER-OF-SHARES-SOLD> 46,638,750 46,638,750
<NUMBER-OF-SHARES-REDEEMED> 35,121,183 35,121,183
<SHARES-REINVESTED> 572,637 572,637
<NET-CHANGE-IN-ASSETS> 13,877,899 13,877,899
<ACCUMULATED-NII-PRIOR> 681,981 681,981
<ACCUMULATED-GAINS-PRIOR> 8,277,695 8,277,695
<OVERDISTRIB-NII-PRIOR> 0 0
<OVERDIST-NET-GAINS-PRIOR> 0 0
<GROSS-ADVISORY-FEES> 11,726,934 11,726,934
<INTEREST-EXPENSE> 0 0
<GROSS-EXPENSE> 13,000,595 13,000,595
<AVERAGE-NET-ASSETS> 1,465,545,205 98,045,949
<PER-SHARE-NAV-BEGIN> 20.02 20.02
<PER-SHARE-NII> 0.08 0.03
<PER-SHARE-GAIN-APPREC> (2.60) (2.60)
<PER-SHARE-DIVIDEND> 0.01 0.00
<PER-SHARE-DISTRIBUTIONS> 0.10 0.10
<RETURNS-OF-CAPITAL> 0.00 0.00
<PER-SHARE-NAV-END> 17.39 17.35
<EXPENSE-RATIO> 0.81 1.09
<AVG-DEBT-OUTSTANDING> 0 0
<AVG-DEBT-PER-SHARE> 0 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000874964
<NAME> THE LAZARD FUNDS, INC.
<SERIES>
<NUMBER> 6
<NAME> LAZARD EQUITY PORTFOLIO
<S> <C> <C>
<PERIOD-TYPE> 12-MOS 12-MOS
<FISCAL-YEAR-END> DEC-31-1998 DEC-31-1998
<PERIOD-START> JAN-01-1998 JAN-01-1998
<PERIOD-END> DEC-31-1998 DEC-31-1998
<INVESTMENTS-AT-COST> 396,057,275 396,057,275
<INVESTMENTS-AT-VALUE> 482,055,098 482,055,098
<RECEIVABLES> 7,662,852 7,662,852
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<OTHER-ITEMS-ASSETS> 0 0
<TOTAL-ASSETS> 489,721,572 489,721,572
<PAYABLE-FOR-SECURITIES> 9,353,643 9,353,643
<SENIOR-LONG-TERM-DEBT> 0 0
<OTHER-ITEMS-LIABILITIES> 1,618,109 1,618,109
<TOTAL-LIABILITIES> 10,971,752 10,971,752
<SENIOR-EQUITY> 0 0
<PAID-IN-CAPITAL-COMMON> 378,079,574 378,079,574
<SHARES-COMMON-STOCK> 16,605,093 5,406,563
<SHARES-COMMON-PRIOR> 16,695,862 1,141,207
<ACCUMULATED-NII-CURRENT> 119,713 119,713
<OVERDISTRIBUTION-NII> 0 0
<ACCUMULATED-NET-GAINS> 14,552,710 14,552,710
<OVERDISTRIBUTION-GAINS> 0 0
<ACCUM-APPREC-OR-DEPREC> 85,997,823 85,997,823
<NET-ASSETS> 478,749,820 478,749,820
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<INTEREST-INCOME> 881,152 881,152
<OTHER-INCOME> 0 0
<EXPENSES-NET> 3,991,535 3,991,535
<NET-INVESTMENT-INCOME> 5,367,744 5,367,744
<REALIZED-GAINS-CURRENT> 36,224,831 36,224,831
<APPREC-INCREASE-CURRENT> 24,446,325 24,446,325
<NET-CHANGE-FROM-OPS> 66,038,900 66,038,900
<EQUALIZATION> 0 0
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<DISTRIBUTIONS-OF-GAINS> 21,315,461 6,695,483
<DISTRIBUTIONS-OTHER> 0 0
<NUMBER-OF-SHARES-SOLD> 9,831,291 9,831,291
<NUMBER-OF-SHARES-REDEEMED> 7,177,813 7,177,813
<SHARES-REINVESTED> 1,521,109 1,521,109
<NET-CHANGE-IN-ASSETS> 122,363,648 122,363,648
<ACCUMULATED-NII-PRIOR> 19,492 19,492
<ACCUMULATED-GAINS-PRIOR> 6,334,927 6,334,927
<OVERDISTRIB-NII-PRIOR> 0 0
<OVERDIST-NET-GAINS-PRIOR> 0 0
<GROSS-ADVISORY-FEES> 3,316,469 3,316,469
<INTEREST-EXPENSE> 0 0
<GROSS-EXPENSE> 3,993,992 3,993,992
<AVERAGE-NET-ASSETS> 354,251,244 87,944,627
<PER-SHARE-NAV-BEGIN> 19.98 19.99
<PER-SHARE-NII> 0.28 0.20
<PER-SHARE-GAIN-APPREC> 3.10 3.12
<PER-SHARE-DIVIDEND> 0.26 0.20
<PER-SHARE-DISTRIBUTIONS> 1.35 1.35
<RETURNS-OF-CAPITAL> 0 0
<PER-SHARE-NAV-END> 21.75 21.76
<EXPENSE-RATIO> 0.85 1.12
<AVG-DEBT-OUTSTANDING> 0 0
<AVG-DEBT-PER-SHARE> 0 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000874964
<NAME> THE LAZARD FUNDS, INC.
<SERIES>
<NUMBER> 7
<NAME> LAZARD INTERNATIONAL SMALL CAP PORTFOLIO
<S> <C> <C>
<PERIOD-TYPE> 12-MOS 12-MOS
<FISCAL-YEAR-END> DEC-31-1998 DEC-31-1998
<PERIOD-START> JAN-01-1998 JAN-01-1998
<PERIOD-END> DEC-31-1998 DEC-31-1998
<INVESTMENTS-AT-COST> 181,782,228 181,782,228
<INVESTMENTS-AT-VALUE> 180,464,560 180,464,560
<RECEIVABLES> 541,644 541,644
<ASSETS-OTHER> 22,214 22,214
<OTHER-ITEMS-ASSETS> 0 0
<TOTAL-ASSETS> 181,028,418 181,028,418
<PAYABLE-FOR-SECURITIES> 227,185 227,185
<SENIOR-LONG-TERM-DEBT> 0 0
<OTHER-ITEMS-LIABILITIES> 375,902 375,902
<TOTAL-LIABILITIES> 603,087 603,087
<SENIOR-EQUITY> 0 0
<PAID-IN-CAPITAL-COMMON> 180,796,031 180,796,031
<SHARES-COMMON-STOCK> 15,590,528 232,449
<SHARES-COMMON-PRIOR> 12,122,940 160,229
<ACCUMULATED-NII-CURRENT> 0 0
<OVERDISTRIBUTION-NII> 35,422 35,422
<ACCUMULATED-NET-GAINS> 981,201 981,201
<OVERDISTRIBUTION-GAINS> 0 0
<ACCUM-APPREC-OR-DEPREC> (1,316,479) (1,316,479)
<NET-ASSETS> 180,425,331 180,425,331
<DIVIDEND-INCOME> 2,742,017 2,742,017
<INTEREST-INCOME> 509,630 509,630
<OTHER-INCOME> 0 0
<EXPENSES-NET> 1,883,259 1,883,259
<NET-INVESTMENT-INCOME> 1,368,388 1,368,388
<REALIZED-GAINS-CURRENT> 12,681,814 12,681,814
<APPREC-INCREASE-CURRENT> (4,953,609) (4,953,609)
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<DISTRIBUTIONS-OF-INCOME> 752,862 5,976
<DISTRIBUTIONS-OF-GAINS> 15,715,143 221,751
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<NUMBER-OF-SHARES-SOLD> 8,472,981 8,472,981
<NUMBER-OF-SHARES-REDEEMED> 6,331,278 6,331,278
<SHARES-REINVESTED> 1,398,105 1,398,105
<NET-CHANGE-IN-ASSETS> 36,858,067 36,858,067
<ACCUMULATED-NII-PRIOR> 0 0
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<GROSS-ADVISORY-FEES> 1,354,903 1,354,903
<INTEREST-EXPENSE> 0 0
<GROSS-EXPENSE> 1,900,980 1,900,980
<AVERAGE-NET-ASSETS> 177,428,617 3,253,646
<PER-SHARE-NAV-BEGIN> 11.69 11.69
<PER-SHARE-NII> 0.05 0.01
<PER-SHARE-GAIN-APPREC> 0.83 0.83
<PER-SHARE-DIVIDEND> 0.05 0.03
<PER-SHARE-DISTRIBUTIONS> 1.12 1.12
<RETURNS-OF-CAPITAL> 0.00 0.00
<PER-SHARE-NAV-END> 11.40 11.38
<EXPENSE-RATIO> 1.04 1.43
<AVG-DEBT-OUTSTANDING> 0 0
<AVG-DEBT-PER-SHARE> 0 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000874964
<NAME> THE LAZARD FUNDS,INC.
<SERIES>
<NUMBER> 8
<NAME> LAZARD EMERGING MARKETS PORTFOLIO
<S> <C> <C>
<PERIOD-TYPE> 12-MOS 12-MOS
<FISCAL-YEAR-END> DEC-31-1998 DEC-31-1998
<PERIOD-START> JAN-01-1998 JAN-01-1998
<PERIOD-END> DEC-31-1998 DEC-31-1998
<INVESTMENTS-AT-COST> 381,056,579 381,056,579
<INVESTMENTS-AT-VALUE> 304,067,832 304,067,832
<RECEIVABLES> 2,949,109 2,949,109
<ASSETS-OTHER> 1,166,469 1,166,469
<OTHER-ITEMS-ASSETS> 0 0
<TOTAL-ASSETS> 308,183,410 308,183,410
<PAYABLE-FOR-SECURITIES> 914,612 914,612
<SENIOR-LONG-TERM-DEBT> 0 0
<OTHER-ITEMS-LIABILITIES> 1,044,900 1,044,900
<TOTAL-LIABILITIES> 1,959,512 1,959,512
<SENIOR-EQUITY> 0 0
<PAID-IN-CAPITAL-COMMON> 436,700,968 436,700,968
<SHARES-COMMON-STOCK> 42,950,229 1,176,048
<SHARES-COMMON-PRIOR> 25,697,597 844,049
<ACCUMULATED-NII-CURRENT> 220,015 220,015
<OVERDISTRIBUTION-NII> 0 0
<ACCUMULATED-NET-GAINS> 0 0
<OVERDISTRIBUTION-GAINS> 53,707,257 53,707,257
<ACCUM-APPREC-OR-DEPREC> (76,989,828) (76,989,828)
<NET-ASSETS> 306,223,898 306,223,898
<DIVIDEND-INCOME> 7,311,312 7,311,312
<INTEREST-INCOME> 1,418,920 1,418,920
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<EXPENSES-NET> 3,622,032 3,622,032
<NET-INVESTMENT-INCOME> 5,108,200 5,108,200
<REALIZED-GAINS-CURRENT> (48,799,388) (48,799,388)
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<NET-CHANGE-FROM-OPS> (71,700,808) (71,700,808)
<EQUALIZATION> 0 0
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<DISTRIBUTIONS-OF-GAINS> 0 0
<DISTRIBUTIONS-OTHER> 0 0
<NUMBER-OF-SHARES-SOLD> 34,171,158 34,171,158
<NUMBER-OF-SHARES-REDEEMED> 17,440,111 17,440,111
<SHARES-REINVESTED> 853,584 853,584
<NET-CHANGE-IN-ASSETS> 62,114,811 62,114,811
<ACCUMULATED-NII-PRIOR> 48,851 48,851
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<GROSS-ADVISORY-FEES> 2,794,119 2,794,119
<INTEREST-EXPENSE> 0 0
<GROSS-EXPENSE> 3,658,267 3,658,267
<AVERAGE-NET-ASSETS> 267,747,809 11,664,068
<PER-SHARE-NAV-BEGIN> 9.20 9.20
<PER-SHARE-NII> 0.10 0.11
<PER-SHARE-GAIN-APPREC> (2.26) (2.26)
<PER-SHARE-DIVIDEND> 0.10 0.08
<PER-SHARE-DISTRIBUTIONS> 0 0
<RETURNS-OF-CAPITAL> 0 0
<PER-SHARE-NAV-END> 6.94 6.97
<EXPENSE-RATIO> 1.28 1.60
<AVG-DEBT-OUTSTANDING> 0 0
<AVG-DEBT-PER-SHARE> 0 0
</TABLE>
WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
<ARTICLE> 6
<CIK> 0000874964
<NAME> THE LAZARD FUNDS, INC.
<SERIES>
<NUMBER> 9
<NAME> LAZARD GLOBAL EQUITY PORTFOLIO
<S> <C> <C>
<PERIOD-TYPE> 12-MOS 12-MOS
<FISCAL-YEAR-END> DEC-31-1998 DEC-31-1998
<PERIOD-START> JAN-01-1998 JAN-01-1998
<PERIOD-END> DEC-31-1998 DEC-31-1998
<INVESTMENTS-AT-COST> 19,389,067 19,389,067
<INVESTMENTS-AT-VALUE> 22,343,438 22,343,438
<RECEIVABLES> 241,255 241,255
<ASSETS-OTHER> 75,759 75,759
<OTHER-ITEMS-ASSETS> 0 0
<TOTAL-ASSETS> 22,660,452 22,660,452
<PAYABLE-FOR-SECURITIES> 64,801 64,801
<SENIOR-LONG-TERM-DEBT> 0 0
<OTHER-ITEMS-LIABILITIES> 61,355 61,355
<TOTAL-LIABILITIES> 126,156 126,156
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
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WARNING: THE EDGAR SYSTEM ENCOUNTERED ERROR(S) WHILE PROCESSING THIS SCHEDULE.
<TABLE> <S> <C>
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<NAME> THE LAZARD FUNDS, INC.
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<TABLE> <S> <C>
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<NAME> THE LAZARD FUNDS, INC.
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