SUPPLEMENT TO THE PROSPECTUS
Target/United Funds, Inc.
The following information supplements and supersedes any contrary information
contained in the Prospectus:
Effective October 16, 2000, the Fund's name is changed to W&R Target Funds, Inc.
Also effective October 16, 2000, the name of Income Portfolio is changed to Core
Equity Portfolio, and the goals are to provide capital growth and income.
The following language replaces the first paragraph under the caption "The
Investment Principles of the Portfolios - Investment Goals, Principal Strategies
and Other Investments - Income Portfolio:"
Core Equity Portfolio
Core Equity Portfolio's goals are to provide capital growth and income.
The Portfolio seeks to achieve its goals by primarily investing, during
normal market conditions, in common stocks of large, high-quality U.S. and
foreign companies with dominant market positions in their industries and
with a record of paying regular dividends on common stock or with the
potential for capital appreciation. There is no guarantee that the
Portfolio will achieve its goals.
Please keep this Supplement with your Prospectus for Target/United Funds, Inc.
dated May 1, 2000.
This Supplement is dated October 16, 2000.
<PAGE>
SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION
Target/United Funds, Inc.
The following information supplements and supersedes any contrary information
contained in the Statement of Additional Information:
Effective October 16, 2000, the Fund's name is changed to W&R Target Funds, Inc.
Also effective October 16, 2000, the name of Income Portfolio is changed to Core
Equity Portfolio.
To be attached to the cover page of the Statement of Additional Information of
Target/United Funds, Inc. dated May 1, 2000.
This Supplement is dated October 16, 2000.
