July 31, 2000
THE LAZARD FUNDS, INC.
Supplement to Prospectus
Dated May 1, 2000
Listed below are estimated per share rates to be distributed from ordinary
income and capital gains for the Portfolios of The Lazard Funds, Inc. The
indicated Portfolios will be paying this distribution on August 7, 2000. The
record date will be August 3, 2000 and the ex-dividend date will be August 4,
2000.
<TABLE>
<CAPTION>
ESTIMATED ORDINARY ESTIMATED SHORT-TERM ESTIMATED LONG-TERM
INCOME DIVIDEND CAPITAL GAIN CAPITAL GAIN
PORTFOLIO PER SHARE DISTRIBUTION PER SHARE DISTRIBUTION PER SHARE
----------------------------------- ------------------------ --------------------------- --------------------------------
<S> <C> <C> <C>
Lazard Equity $0.008 - $0.44
Lazard International Equity $0.17 $0.12 $0.21
Lazard International - - -
Fixed-Income
Lazard Bond - - -
Lazard Strategic Yield $0.16 - -
Lazard Small Cap $0.13 $0.31 $0.47
Lazard Emerging Markets - - -
Lazard International Small Cap $0.01 $0.05 $0.07
Lazard Global Equity - - $0.06
Lazard Mid Cap - $1.57 -
Lazard High Yield - - -
</TABLE>
Please be advised that these estimates may change prior to payable date due to
changes in shares outstanding. You will be receiving formal tax information
regarding your account, from the Fund, in January 2001. Please consult your tax
advisor as to how these distributions may affect your individual tax returns.