SUPPLEMENT TO THE PROSPECTUS
United Vanguard Fund, Inc.
The following information replaces the second paragraph of disclosure in the
section entitled "WRIMCO and Its Affiliates":
Daniel P. Becker is primarily responsible for the day-to-day management of
the Fund. Mr. Becker has held his Fund responsibilities since July 1,
1997. He is Vice President of WRIMCO, Waddell & Reed Asset Management
Company, an affiliate of WRIMCO, and another investment company for which
WRIMCO serves as investment manager. Mr. Becker has been an employee of
Waddell & Reed Asset Management Company since October 1989, initially
serving as an investment analyst and has served as a portfolio manager
since January 1997.
To be attached to the cover page of the Prospectus of United Vanguard Fund,
Inc. dated December 31, 1996, as previously supplemented.
This Supplement is dated July 1, 1997.
NUS1005EO
