<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0306</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2012-12-17</periodOfReport>

    <issuer>
        <issuerCik>0000812090</issuerCik>
        <issuerName>ZWEIG FUND INC /MD/</issuerName>
        <issuerTradingSymbol>ZF</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001289714</rptOwnerCik>
            <rptOwnerName>Neel Carlton</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>ZWEIG FUNDS</rptOwnerStreet1>
            <rptOwnerStreet2>900 THIRD AVE</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Portfolio Manager &amp; SVP</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
                <footnoteId id="F1"/>
            </securityTitle>
            <transactionDate>
                <value>2012-12-17</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>6050</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>12.0001</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>15285.716</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                    <footnoteId id="F2"/>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable></derivativeTable>

    <footnotes>
        <footnote id="F1">The total amount of shares beneficially owned reflect a reverse stock split that occurred on June 27, 2012 and the Filer's participation in the Fund's dividend reinvestment plan.</footnote>
        <footnote id="F2">Shares are both Directly and Indirectly on behalf of his children.</footnote>
    </footnotes>

    <remarks>See attached &quot;FOOTNOTES&quot; page.</remarks>

    <ownerSignature>
        <signatureName>/s/ William Renahan, Power of Attorney for Carlton Neel</signatureName>
        <signatureDate>2012-12-19</signatureDate>
    </ownerSignature>
</ownershipDocument>
