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<PAGE> PAGE 10
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<PAGE> PAGE 11
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<PAGE> PAGE 12
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<PAGE> PAGE 13
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<PAGE> PAGE 15
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<PAGE> PAGE 16
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<PAGE> PAGE 17
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<PAGE> PAGE 19
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<PAGE> PAGE 20
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070 B010400 N
070 B020400 N
070 C010400 Y
070 C020400 N
070 D010400 N
070 D020400 N
070 E010400 N
070 E020400 N
070 F010400 N
070 F020400 N
070 G010400 Y
070 G020400 N
<PAGE> PAGE 21
070 H010400 N
070 H020400 N
070 I010400 Y
070 I020400 N
070 J010400 N
070 J020400 N
070 K010400 Y
070 K020400 N
070 L010400 N
070 L020400 N
070 M010400 N
070 M020400 N
070 N010400 N
070 N020400 N
070 O010400 N
070 O020400 N
070 P010400 Y
070 P020400 N
070 Q010400 N
070 Q020400 N
070 R010400 N
070 R020400 N
071 A000400 10687
071 B000400 9515
071 C000400 24262
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072 B000400 777
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072 W000400 5
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<PAGE> PAGE 22
072 Z000400 528
072AA000400 76
072BB000400 326
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072CC020400 101
072DD010400 528
072DD020400 0
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073 A010400 0.2109
073 A020400 0.0000
073 B000400 0.0000
073 C000400 0.0000
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074 B000400 0
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074 D000400 23939
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074 N000400 26583
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076 000400 0.00
015 A000501 UNITED MISSOURI BANK, N.A.
015 B000501 C
015 C010501 KANSAS CITY
015 C020501 MO
015 C030501 64141
015 C040501 6226
<PAGE> PAGE 23
015 E010501 X
015 A000502 UNITED MISSOURI TRUST COMPANY OF NEW YORK
015 B000502 S
015 C010502 NEW YORK
015 C020502 NY
015 C030502 10004
015 E010502 X
015 A000503 BROWN BROTHERS HARRIMAN & CO.
015 B000503 S
015 C010503 BOSTON
015 C020503 MA
015 C030503 02109
015 E010503 X
015 A000504 NATIONAL NOMINEES, LTD.
015 B000504 S
015 C010504 MELBOURNE
015 D010504 AUSTRALIA
015 E040504 X
015 A000505 ROYAL TRUST COMPANY
015 B000505 S
015 C010505 TORONTO
015 D010505 CANADA
015 E040505 X
015 A000506 DEN DANSKE BANK
015 B000506 S
015 C010506 COPENHAGEN
015 D010506 DENMARK
015 E040506 X
015 A000507 BANQUE INDOSUEZ
015 B000507 S
015 C010507 PARIS
015 D010507 FRANCE
015 E040507 X
015 A000508 BHF BANK
015 B000508 S
015 C010508 FRANKFURT
015 D010508 GERMANY
015 E040508 X
015 A000509 BANCA COMMERCIALE
015 B000509 S
015 C010509 MILAN
015 D010509 ITALY
015 E040509 X
015 A000510 AMRO BANK
015 B000510 S
015 C010510 AMSTERDAM
015 D010510 NETHERLANDS
015 E040510 X
015 A000511 SKANDINAVISKA ENSKILDA BANKEN
015 B000511 S
015 C010511 STOCKHOLM
<PAGE> PAGE 24
015 D010511 SWEDEN
015 E040511 X
015 A000512 MIDLAND BANK PLC
015 B000512 S
015 C010512 LONDON
015 D010512 ENGLAND
015 E040512 X
024 000500 N
028 A010500 307
028 A020500 33
028 A030500 0
028 A040500 248
028 B010500 98
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034 000500 Y
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042 D000500 13
042 E000500 0
042 F000500 0
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044 000500 0
<PAGE> PAGE 25
045 000500 Y
046 000500 N
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048 C020500 0.000
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048 I010500 0
048 I020500 0.000
048 J010500 0
048 J020500 0.000
048 K010500 0
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058 A000500 N
059 000500 Y
060 A000500 N
060 B000500 N
061 000500 10000
062 A000500 Y
062 B000500 0.0
062 C000500 0.0
062 D000500 0.0
062 E000500 0.0
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062 G000500 0.0
062 H000500 0.0
062 I000500 8.7
062 J000500 6.8
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062 L000500 0.0
062 M000500 13.7
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062 O000500 0.0
062 P000500 9.6
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062 R000500 1.5
063 A000500 0
063 B000500 2.2
<PAGE> PAGE 26
064 A000500 N
064 B000500 N
066 A000500 N
067 000500 N
068 A000500 N
068 B000500 Y
069 000500 N
070 A010500 Y
070 A020500 N
070 B010500 N
070 B020500 N
070 C010500 Y
070 C020500 N
070 D010500 N
070 D020500 N
070 E010500 N
070 E020500 N
070 F010500 N
070 F020500 N
070 G010500 Y
070 G020500 N
070 H010500 N
070 H020500 N
070 I010500 Y
070 I020500 N
070 J010500 Y
070 J020500 N
070 K010500 Y
070 K020500 N
070 L010500 Y
070 L020500 Y
070 M010500 Y
070 M020500 Y
070 N010500 Y
070 N020500 N
070 O010500 N
070 O020500 N
070 P010500 Y
070 P020500 N
070 Q010500 N
070 Q020500 N
070 R010500 N
070 R020500 N
071 A000500 887
071 B000500 808
071 C000500 9028
071 D000500 9
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<PAGE> PAGE 27
072 E000500 0
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073 A010500 0.1789
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<PAGE> PAGE 28
074 R020500 0
074 R030500 0
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SIGNATURE THEODORE W. HOWARD
TITLE V.P. & TREASURER
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE SEMIANNUAL REPORT
TO SHAREHOLDERS DATED SEPTEMBER 30, 1994 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000883622
<NAME> WADDELL & REED FUNDS, INC.
<SERIES>
<NUMBER> 1
<NAME> TOTAL RETURN FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
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<PERIOD-END> SEP-30-1994
<INVESTMENTS-AT-COST> 83,065,448
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<RECEIVABLES> 967,892
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<NET-INVESTMENT-INCOME> (26,334)
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<PER-SHARE-NAV-BEGIN> 11.99
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE SEMIANNUAL REPORT
TO SHAREHOLDERS DATED SEPTEMBER 30, 1994 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000883622
<NAME> WADDELL & REED FUNDS, INC.
<SERIES>
<NUMBER> 2
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<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1995
<PERIOD-END> SEP-30-1994
<INVESTMENTS-AT-COST> 60,656,774
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE SEMIANNUAL REPORT
TO SHAREHOLDERS DATED SEPTEMBER 30, 1994 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000883622
<NAME> WADDELL & REED FUNDS, INC.
<SERIES>
<NUMBER> 3
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<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1995
<PERIOD-END> SEP-30-1994
<INVESTMENTS-AT-COST> 12,560,524
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<OVERDIST-NET-GAINS-PRIOR> 0
<GROSS-ADVISORY-FEES> 32,812
<INTEREST-EXPENSE> 0
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<AVERAGE-NET-ASSETS> 11,756,023
<PER-SHARE-NAV-BEGIN> 9.84
<PER-SHARE-NII> .18
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<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE SEMIANNUAL REPORT
TO SHAREHOLDERS DATED SEPTEMBER 30, 1994 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000883622
<NAME> WADDELL & REED FUNDS, INC.
<SERIES>
<NUMBER> 4
<NAME> MUNICIPAL BOND FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1995
<PERIOD-END> SEP-30-1994
<INVESTMENTS-AT-COST> 26,585,543
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<OVERDISTRIBUTION-GAINS> 0
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<DIVIDEND-INCOME> 0
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<OTHER-INCOME> 0
<EXPENSES-NET> 248,486
<NET-INVESTMENT-INCOME> 528,349
<REALIZED-GAINS-CURRENT> (249,867)
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<NET-CHANGE-FROM-OPS> 177,943
<EQUALIZATION> 0
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<PER-SHARE-NAV-BEGIN> 10.12
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</TABLE>
<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE SEMIANNUAL REPORT
TO SHAREHOLDERS DATED SEPTEMBER 30, 1994 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000883622
<NAME> WADDELL & REED FUNDS, INC.
<SERIES>
<NUMBER> 5
<NAME> GLOBAL INCOME FUND
<S> <C>
<PERIOD-TYPE> 6-MOS
<FISCAL-YEAR-END> MAR-31-1995
<PERIOD-END> SEP-30-1994
<INVESTMENTS-AT-COST> 10,825,990
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<EXPENSE-RATIO> 2.25
<AVG-DEBT-OUTSTANDING> 0
<AVG-DEBT-PER-SHARE> 0
</TABLE>