THE LAZARD FUNDS, INC.

Lazard Fundamental Long/Short Portfolio

Supplement to Prospectus dated April 30, 2014

The following replaces the table in "Fees and Expenses" in the Prospectus:

	Institutional Shares			Open Shares			R6 Shares
Shareholder Fees (fees paid directly from your investment) Maximum Redemption Fee (as a % of amount redeemed, on shares owned for 30 days or less)		1.00	%		1.00	%		1.00	%
Annual Portfolio Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Management Fees		1.40	%		1.40	%		1.40	%
Distribution and Service (12b-1) Fees	None				.25	%	None
Other Expenses*
Dividend and Interest Expenses on Securities Sold Short		.66	%		.66	%		.66	%
Remainder of Other Expenses		.24	%		.29	%		.24	%
Total Annual Portfolio Operating Expenses		2.30	%		2.60	%		2.30	%
*"Other Expenses" are based on estimated amounts for the current fiscal year.

The following replaces the "Example" in the Prospectus:

This Example is intended to help you compare the cost of investing in the Portfolio with the cost of investing in other mutual funds.

The Example assumes that you invest $10,000 in the Portfolio for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and that the Portfolio's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

	1 Year		3 Years
Institutional Shares	$	233	$	718
Open Shares	$	263	$	808
R6 Shares	$	233	$	718

Dated:  May 14, 2014