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Lazard Managed Equity Volatility Portfolio

Risk/Return:

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Supplement [Text Block]

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THE LAZARD FUNDS, INC.

All Portfolios except Lazard US Short Duration Fixed Income Portfolio

Supplement to Current Summary Prospectuses and Prospectus

Notwithstanding anything in a Portfolio's Summary Prospectus or the Prospectus or Statement of Additional Information, the redemption fee for each Portfolio is removed and will not be charged effective August 15, 2016.

Dated:  July 27, 2016

Risk/Return [Heading]

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Lazard Managed Equity Volatility Portfolio