The Portfolios that
comprise Lazard Retirement Series, Inc. (the “Fund”)
are intended to be funding vehicles for variable annuity contracts
and variable life insurance policies offered by the separate accounts
of certain insurance companies. Those contracts and policies are
described in the separate account prospectuses issued by the insurance
companies, over which the Fund assumes no responsibility.
Individuals may not purchase Portfolio shares directly from the Fund.
The investment objective and policies of the Portfolio may be
similar to other funds/portfolios managed or advised by Lazard Asset
Management LLC (the "Investment Manager"). However, the
investment results of the Portfolio may be higher or lower than,
and there is no guarantee that the investment results of the Portfolio
will be comparable to, any other Lazard fund/portfolio. Portfolio
shares may also be offered to certain qualified pension and retirement
plans and to accounts permitting accumulation of assets on a tax-deferred
basis ("Eligible Plans"). Differences in tax treatment
or other considerations may cause the interests of policy owners
and Eligible Plan participants investing in the Portfolio to conflict.
The Fund’s Board of Directors monitors the Portfolio for any
material conflicts and determines what action, if any, should be
taken. For information about Eligible Plan investing, call 800-823-6300.