WADDELL & REED INC /KS/
13F-NT, 2000-11-13
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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                    FORM 13F

                               FORM 13F COVER PAGE

Report for the Calendar Year or Quarter Ended:  September 30, 2000

Check here if Amendment [  ]; Amendment No. ____
         This Amendment (check one only):   [  ] is a restatement.
                                            [  ] adds new holdings entries.

Institutional Investment Manager Filing this Report:

Name:             Waddell & Reed, Inc.
Address:          6300 Lamar Avenue
                  Overland Park, KS  66202

Form 13F File Number:      28-375

The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.

Persons Signing this Report on Behalf of Reporting Manager:

Name:             Daniel C. Schulte
Title:            Secretary
Phone:            (913) 236-2012


Signature, Place and Date of Signing:

/s/  Daniel C. Schulte     Overland Park, Kansas           November 13, 2000

Report Type (check only one):

[ ] 13F HOLDINGS. (Check here if all holdings of this reporting manager are
    reported in this report.)
[X] 13F NOTICE. (Check here if no holdings reported are in this report, and all
    holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for this
    reporting manager are reported in this report and a portion are reported by
    other reporting manager(s).)

List of Other Managers Reporting for this Manager:

    Form 13F File Number               Name
    --------------------               ----
    28-7592                            Waddell & Reed Financial, Inc.



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