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Two key Democratic fund-raisers pleaded guilty yesterday to conspiracy in a scheme to funnel money to the Democratic Party and agreed to cooperate in a Justice Department probe of campaign-finance abuses.

Nora T. Lum and her husband, Gene, told U.S. District Judge Ricardo Urbina they arranged to pass $50,000 through "straw donors" to the campaigns of Sen. Edward M. Kennedy, Massachusetts Democrat, and W. Stuart Price, an unsuccessful Democratic candidate for the House in Oklahoma.

In a deal with prosecutors, each pleaded guilty to a felony charge of conspiring to defraud the United States and making false statements to the Federal Election Commission. It was …