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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0000899681-99-000445.txt : 19991111
<SEC-HEADER>0000899681-99-000445.hdr.sgml : 19991111
ACCESSION NUMBER:		0000899681-99-000445
CONFORMED SUBMISSION TYPE:	497
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		19991110

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			LAZARD FUNDS INC
		CENTRAL INDEX KEY:			0000874964
		STANDARD INDUSTRIAL CLASSIFICATION:	UNKNOWN SIC - 0000 [0000]
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		497
		SEC ACT:		
		SEC FILE NUMBER:	033-40682
		FILM NUMBER:		99745589

	BUSINESS ADDRESS:	
		STREET 1:		STATE STREET BANK & TRUST CO
		STREET 2:		PO BOX 9110
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109
		BUSINESS PHONE:		2126326000

	MAIL ADDRESS:	
		STREET 1:		STATE STREET BANK & TRUST CO
		STREET 2:		PO BOX 9110
		CITY:			BOSTON
		STATE:			MA
		ZIP:			02109
</SEC-HEADER>
<DOCUMENT>
<TYPE>497
<SEQUENCE>1
<TEXT>

November 9, 1999

Dear Shareholder,

We are pleased to provide you with information to help you with your 1999
year-end tax planning.  Listed below are preliminary estimates of year-end
distributions of ordinary income and capital gains for the Portfolios of The
Lazard Funds, Inc. The Lazard Funds will be paying dividends and capital gains,
if any, on December 20, 1999.  The shareholder record date will be December 16,
1999 and the ex-dividend date will be December 17, 1999.


<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                                 $0.19                        -                        $0.63

Lazard International Equity                   $0.48                      $0.13                      $0.80

Lazard International Fixed-Income*              -                          -                          -

Lazard Bond*                                    -                          -                          -

Lazard Strategic Yield*                       $0.07                        -                          -

Lazard Small Cap                              $0.09                      $0.19                      $0.58

Lazard Emerging Markets                       $0.08                        -                          -

Lazard International Small Cap                $0.11                        -                        $0.03

Lazard Global Equity                          $0.15                      $0.19                      $0.33

Lazard Mid Cap                                $0.02                        -                          -

Lazard High Yield*                            $0.01                        -                          -

</TABLE>

*    Ordinary income dividends, if any, are paid on the last business day of the
month.

Please be advised that these estimates may change prior to payable date due to
book/tax adjustments and changes in shares outstanding. You will be receiving
formal tax information regarding your account, from the Fund, in January 2000.
Please consult your tax advisor as to how these distributions may affect your
individual tax returns.

Sincerely,


The Lazard Funds, Inc.
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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