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		<link:loc xlink:type="locator" xlink:href="c485bpos-20260420.xsd#cik0000874964_PrincipalInvestmentRisks2Member" xlink:label="cik0000874964_PrincipalInvestmentRisks2Member" />
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		<link:loc xlink:type="locator" xlink:href="c485bpos-20260420.xsd#cik0000874964_EmergingMarketRisk2Member" xlink:label="cik0000874964_EmergingMarketRisk2Member" />
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		<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="cik0000874964_EmergingMarketRisk2Member_lbl" xml:lang="en-US">Emerging Market Risk</link:label>
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	<link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
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		<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cik0000874964_GrowthInvestingRisk2Member" xlink:to="cik0000874964_GrowthInvestingRisk2Member_lbl" />
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		<link:loc xlink:type="locator" xlink:href="c485bpos-20260420.xsd#cik0000874964_SectorRisk2Member" xlink:label="cik0000874964_SectorRisk2Member" />
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	<link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
		<link:loc xlink:type="locator" xlink:href="c485bpos-20260420.xsd#cik0000874964_SecuritiesSelectionRisk2Member" xlink:label="cik0000874964_SecuritiesSelectionRisk2Member" />
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		<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="cik0000874964_SecuritiesSelectionRisk2Member_lbl" xml:lang="en-US">Securities Selection Risk</link:label>
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	<link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
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	<link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
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		<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="cik0000874964_S000056012Summary14Member_lbl" xml:lang="en-US">S 000056012 Summary14 [Member]</link:label>
		<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="cik0000874964_S000056012Summary14Member_lbl" xml:lang="en-US">Prospectus Summary</link:label>
		<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="cik0000874964_S000056012Summary14Member_lbl" xml:lang="en-US">Prospectus Summary</link:label>
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		<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="cik0000874964_C000176376Member_lbl" xml:lang="en-US">Open</link:label>
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		<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="cik0000874964_C000176377Member_lbl" xml:lang="en-US">R6</link:label>
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		<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="cik0000874964_C000028362Member_lbl" xml:lang="en-US">Open</link:label>
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		<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="cik0000874964_C000134186Member_lbl" xml:lang="en-US">R6</link:label>
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		<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="cik0000874964_S000031124Summary18Member_lbl" xml:lang="en-US">Prospectus Summary</link:label>
		<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="cik0000874964_S000031124Summary18Member_lbl" xml:lang="en-US">Prospectus Summary</link:label>
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		<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="cik0000874964_S000031124Member_lbl" xml:lang="en-US">Lazard US Short Duration Fixed Income Portfolio</link:label>
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		<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="cik0000874964_C000096534Member_lbl" xml:lang="en-US">Open</link:label>
		<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="cik0000874964_C000096534Member_lbl" xml:lang="en-US">Open</link:label>
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	<link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
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	<link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
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	<link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
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		<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentDomain" xlink:to="dei_DocumentDomain_lbl" />
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	<link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
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	<link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
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	<link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
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		<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oef_AfterTaxesOnDistributionsAndSalesMember" xlink:to="oef_AfterTaxesOnDistributionsAndSalesMember_lbl" />
		<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oef_AfterTaxesOnDistributionsAndSalesMember_lbl" xml:lang="en-US">After Taxes on Distributions and Sales</link:label>
	</link:labelLink>
	<link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
		<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#oef_RiskAxis" xlink:label="oef_RiskAxis" />
		<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oef_RiskAxis" xlink:to="oef_RiskAxis_lbl" />
		<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oef_RiskAxis_lbl" xml:lang="en-US">Risk [Axis]</link:label>
	</link:labelLink>
	<link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
		<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#oef_AllRisksMember" xlink:label="oef_AllRisksMember" />
		<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oef_AllRisksMember" xlink:to="oef_AllRisksMember_lbl" />
		<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oef_AllRisksMember_lbl" xml:lang="en-US">All Risks [Member]</link:label>
	</link:labelLink>
	<link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
		<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#oef_RiskLoseMoneyMember" xlink:label="oef_RiskLoseMoneyMember" />
		<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oef_RiskLoseMoneyMember" xlink:to="oef_RiskLoseMoneyMember_lbl" />
		<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oef_RiskLoseMoneyMember_lbl" xml:lang="en-US">Risk Lose Money [Member]</link:label>
	</link:labelLink>
	<link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
		<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#oef_RiskNotInsuredMember" xlink:label="oef_RiskNotInsuredMember" />
		<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oef_RiskNotInsuredMember" xlink:to="oef_RiskNotInsuredMember_lbl" />
		<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oef_RiskNotInsuredMember_lbl" xml:lang="en-US">Risk Not Insured [Member]</link:label>
	</link:labelLink>
	<link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
		<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#oef_RiskNondiversifiedStatusMember" xlink:label="oef_RiskNondiversifiedStatusMember" />
		<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oef_RiskNondiversifiedStatusMember" xlink:to="oef_RiskNondiversifiedStatusMember_lbl" />
		<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oef_RiskNondiversifiedStatusMember_lbl" xml:lang="en-US">Risk Nondiversified Status [Member]</link:label>
	</link:labelLink>
	<link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
		<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#oef_RiskNotInsuredDepositoryInstitutionMember" xlink:label="oef_RiskNotInsuredDepositoryInstitutionMember" />
		<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oef_RiskNotInsuredDepositoryInstitutionMember" xlink:to="oef_RiskNotInsuredDepositoryInstitutionMember_lbl" />
		<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oef_RiskNotInsuredDepositoryInstitutionMember_lbl" xml:lang="en-US">Risk Not Insured Depository Institution [Member]</link:label>
	</link:labelLink>
	<link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
		<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#oef_RiskMoneyMarketFundPriceFluctuatesMember" xlink:label="oef_RiskMoneyMarketFundPriceFluctuatesMember" />
		<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oef_RiskMoneyMarketFundPriceFluctuatesMember" xlink:to="oef_RiskMoneyMarketFundPriceFluctuatesMember_lbl" />
		<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oef_RiskMoneyMarketFundPriceFluctuatesMember_lbl" xml:lang="en-US">Risk Money Market Fund Price Fluctuates [Member]</link:label>
	</link:labelLink>
	<link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
		<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#oef_RiskMoneyMarketFundMayImposeFeesOrSuspendSalesMember" xlink:label="oef_RiskMoneyMarketFundMayImposeFeesOrSuspendSalesMember" />
		<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oef_RiskMoneyMarketFundMayImposeFeesOrSuspendSalesMember" xlink:to="oef_RiskMoneyMarketFundMayImposeFeesOrSuspendSalesMember_lbl" />
		<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oef_RiskMoneyMarketFundMayImposeFeesOrSuspendSalesMember_lbl" xml:lang="en-US">Risk Money Market Fund May Impose Fees or Suspend Sales [Member]</link:label>
	</link:labelLink>
	<link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
		<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#oef_RiskMoneyMarketFundSponsorMayNotProvideSupportMember" xlink:label="oef_RiskMoneyMarketFundSponsorMayNotProvideSupportMember" />
		<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oef_RiskMoneyMarketFundSponsorMayNotProvideSupportMember" xlink:to="oef_RiskMoneyMarketFundSponsorMayNotProvideSupportMember_lbl" />
		<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oef_RiskMoneyMarketFundSponsorMayNotProvideSupportMember_lbl" xml:lang="en-US">Risk Money Market Fund Sponsor May Not Provide Support [Member]</link:label>
	</link:labelLink>
	<link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
		<link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/oef/2025/oef-2025.xsd#oef_RiskMoneyMarketFundMayNotPreserveDollarMember" xlink:label="oef_RiskMoneyMarketFundMayNotPreserveDollarMember" />
		<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="oef_RiskMoneyMarketFundMayNotPreserveDollarMember" xlink:to="oef_RiskMoneyMarketFundMayNotPreserveDollarMember_lbl" />
		<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="oef_RiskMoneyMarketFundMayNotPreserveDollarMember_lbl" xml:lang="en-US">Risk Money Market Fund May Not Preserve Dollar [Member]</link:label>
	</link:labelLink>
	<link:labelLink xlink:type="extended" xlink:role="http://www.xbrl.org/2003/role/link">
		<link:loc xlink:type="locator" xlink:href="c485bpos-20260420.xsd#cik0000874964_CustomRisksTableTextBlock" xlink:label="cik0000874964_CustomRisksTableTextBlock" />
		<link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="cik0000874964_CustomRisksTableTextBlock" xlink:to="cik0000874964_CustomRisksTableTextBlock_lbl" />
		<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="cik0000874964_CustomRisksTableTextBlock_lbl" xml:lang="en-US">Risks [Table Text Block]</link:label>
		<link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="cik0000874964_CustomRisksTableTextBlock_lbl" xml:lang="en-US">Risks [Table Text Block]</link:label>
	</link:labelLink>
</link:linkbase>
