<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Polaroid Corporation
___________________________________________________________________
(Name of Issuer)
Common __________________________________________________________________
(Title of Class of Securities)
731095-10-5 ___________________________________________________________________
(CUSIP Number)
Check the following Box if a fee is being paid with this
statement.............[X]
1) Names of Reporting Persons S.S. or I.R.S. Identification
Nos. of Above Persons....................................
Waddell & Reed Investment Management Company - 48-1106973
___________________________________________________________________
2) Check the Appropriate Box if a Member of a Group
(a).......................................................[_]
(b).......................................................[X]
___________________________________________________________________
3) SEC Use Only.................................................
___________________________________________________________________
4) Citizenship or Place of Organization. Kansas..............
___________________________________________________________________
Number of (5) Sole Voting Power..1,496,900........
Shares Bene- (6) Shared Voting Power.................
ficially (7) Sole Dispositive Power..1,496,900...
Owned by (8) Shared Dispositive Power............
Each Report-
ing Person
With
___________________________________________________________________
9) Aggregate Amount Beneficially Owned by Each Reporting
Person...2,392,550............................................
___________________________________________________________________
10) Check if the Aggregate Amount in Row (9) Excludes
Certain Shares................................................
___________________________________________________________________
11) Percent of Class Represented by Amount in Row (9)..5.1%......
___________________________________________________________________
12) Type of Reporting
Person.......IA.............................................
___________________________________________________________________
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
Polaroid Corporation
___________________________________________________________________
(Name of Issuer)
Common ___________________________________________________________________
(Title of Class of Securities)
731095-10-5
___________________________________________________________________
(CUSIP Number)
Check the following Box if a fee is being paid with this
statement.............[X]
1) Names of Reporting Persons S.S. or I.R.S. Identification
Nos. of Above Persons....................................
Waddell & Reed Asset Management Company - 43-0975899
___________________________________________________________________
2) Check the Appropriate Box if a Member of a Group
(a).......................................................[_]
(b).......................................................[X]
___________________________________________________________________
3) SEC Use Only..................................................
___________________________________________________________________
4) Citizenship or Place of Organization......Missouri............
___________________________________________________________________
Number of (5) Sole Voting Power...................
Shares Bene- (6) Shared Voting Power..895,650........
ficially (7) Sole Dispositive Power..............
Owned by (8) Shared Dispositive Power..895,650...
Each Report-
ing Person
With
___________________________________________________________________
9) Aggregate Amount Beneficially Owned by Each Reporting
Person...................2,392,550............................
___________________________________________________________________
10) Check if the Aggregate Amount in Row (9) Excludes
Certain Shares................................................
___________________________________________________________________
11) Percent of Class Represented by Amount in Row (9)...5.1%......
___________________________________________________________________
12) Type of Reporting
Person.......IA.............................................
___________________________________________________________________
<PAGE>
SCHEDULE 13G
Item 1(a) Name of Issuer:
Polaroid Corporation........................................
Item 1(b) Address of Issuer's Principal Executive Offices:
549 Technology Square, Cambridge, MA 02139
..............................................................
Item 2(a) Name of Person Filing:
Waddell & Reed Investment Management Company 48-1106973
Waddell & Reed Asset Management Company 43-0975899
..............................................................
Item 2(b) Address of Principal Business Office or, if none,
Residence:
6300 Lamar Avenue, Shawnee Mission, KS 66202-4200
..............................................................
Item 2(c) Citizenship:
Kansas; Missouri
..............................................................
Item 2(d) Title of Class of Securities:
Common
..............................................................
Item 2(e) CUSIP Number:
731095-10-5
..............................................................
Item 3 Person filing is:
(h) [x]Group, in accordance with 240.13d-1(b)(1)(ii)(H)
..............................................................
Item 4 Ownership
If the percent of the class owned, as of December 31 of the year
covered by the statement, or as of the last day of any month described in
Rule 13d-1(b)(2), if applicable, exceeds five percent, provide the
following information as of that date and identify those shares which there
is a right to acquire.
(a) Amount Beneficially Owned:
2,392,550
...................................................................
(b) Percent of Class:
5.1%
...................................................................
(c) Number of shares as to which such person has:
(i) sole power to vote or to direct the
vote...1,496,900...............................
(ii) shared power to vote or to direct the
vote....895,650.................................
(iii) sole power to dispose or to direct the
disposition of....1,496,900.....................
(iv) shared power to dispose or to direct the
disposition of...895,650.......................
Item 5 Ownership of Five Percent or Less of a Class
Not Applicable
Item 6 Ownership of More than Five Percent on Behalf of
Another Person
Not Applicable
Item 7 Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on By
The Parent Holding Company
Not Applicable
Item 8 Identification and Classification of Members of the
Group - See attached Exhibit No. 1
Item 9 Notice of Dissolution of Group
Not Applicable
Item 10
Certification
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were acquired in the ordinary course of business
and were not acquired for the purpose of and do not have the effect of changing
or influencing the control of the issuer of such securities and were not
acquired in connection with or as a participant in any transaction having such
purpose or effect.
Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
_________________________ February 11, 1994.......
Date
Waddell & Reed Investment Waddell & Reed Asset
Management Company Management Company
6300 Lamar Avenue 6300 Lamar Avenue
Overland Park, KS 66202-4200 Overland Park, KS 66202-4200
............................ .........................
Signature Signature
_______________________________/s/Rodney O. McWhinney
______________________ /s/Rodney O. McWhinney
BY: Rodney O. McWhinney BY: Rodney O. McWhinney
Senior Vice President Secretary
Name/Title Name/Title
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EXHIBIT 1
Waddell & Reed Asset Management Company - Tax ID No. 43-0975899
Investment Adviser registered under Section 203 of the
Investment Adviser's Act of 1940
Waddell & Reed Investment Management Company - Tax ID No. 48-1106973
Investment Adviser registered under Section 203 of the
Investment Adviser's Act of 1940
