SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION
Waddell & Reed Funds, Inc.
The following disclosure should be added in the section entitled "Directors and
Officers" on page 60:
Thomas A. Mengel
Vice President of the Corporation and two other funds in the Fund Complex;
Vice President of WRIMCO; formerly, President of Sal. Oppenheim jr. & Cie.
Securities, Inc., Vice President of Hauck and Hope Securities, and Manager of
German Equities at Berliner Bank, in Berlin, Germany.
To be attached to the cover page of the SAI of Waddell & Reed Funds, Inc. dated
June 30, 1996.
This Supplement is dated August 16, 1996.
