SUPPLEMENT TO THE PROSPECTUS
United Funds, Inc.
Waddell & Reed Funds, Inc.
Target/United Funds, Inc.
The following information replaces the disclosure regarding management of
United Funds, Inc. Science and Technology Fund, Waddell & Reed Funds, Inc.
Science and Technology Fund and Target/United Funds, Inc. Science and
Technology Portfolio in the section entitled "Portfolio Management":
Henry J. Herrmann is primarily responsible for the management of the
Science and Technology Funds. Mr. Herrmann has held his Fund
responsibilities since April 17, 2000. He is Vice President of the Funds;
President, Chief Investment Officer, and Director of Waddell & Reed
Financial, Inc.; Vice President, Chief Investment Officer and Director of
Waddell & Reed Financial Services, Inc.; Director of Waddell & Reed, Inc.;
President, Chief Executive Officer, Chief Investment Officer and Director
of Waddell & Reed Investment Management Company ("WRIMCO"); and Vice
President of each of the other investment companies for which WRIMCO
serves as investment manager. Mr. Herrmann has been an employee of
Waddell & Reed, Inc. and its successor, WRIMCO, since March 15, 1971.
To be attached to the cover page of the Prospectus of:
United Funds, Inc. - dated September 20, 1999
Waddell & Reed Funds, Inc. - dated September 20, 1999
Target/United Funds, Inc. - dated May 1, 1999
This Supplement is dated April 17, 2000.
NUS2100I
<PAGE>
SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION
United Funds, Inc.
Waddell & Reed Funds, Inc.
Target/United Funds, Inc.
The following information replaces the disclosure regarding management of
United Funds, Inc. Science and Technology Fund, Waddell & Reed Funds, Inc.
Science and Technology Fund and Target/United Funds, Inc. Science and
Technology Portfolio in the section entitled "Directors and Officers":
Henry J. Herrmann
Vice President of the Fund; President, Chief Investment Officer, and
Director of Waddell & Reed Financial, Inc.; Vice President, Chief
Investment Officer and Director of Waddell & Reed Financial Services,
Inc.; Director of Waddell & Reed, Inc.; President, Chief Executive
Officer, Chief Investment Officer and Director of Waddell & Reed
Investment Management Company ("WRIMCO"); and Vice President of each of
the other investment companies for which WRIMCO serves as investment
manager. Date of birth: December 8, 1942.
To be attached to the cover page of the Statement of Additional Information of:
United Funds, Inc. - dated September 20, 1999
Waddell & Reed Funds, Inc. - dated September 20, 1999
Target/United Funds, Inc. - dated May 1, 1999
This Supplement is dated April 17, 2000.
