We investigate the intensity correlation function C(s) and its associated relaxation time Tc for a saturation model of single-mode laser with correlated noises.The expressions of C(s) and Tc are derived by means of the projection operator method,and effects of correlations between an additive noise and a multiplicative noise are discussed by numerical calculation.Based on the calculated results,it is found that the correlation strength λ between the additive noise and the multiplicative noise can enhance the fluctuation decay of the laser intensity.