SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION
Waddell & Reed Funds, Inc.
The following information supersedes any contrary information contained in the
Statement of Additional Information about fees for shareholder servicing of the
respective classes of Fund shares:
Under the Shareholder Servicing Agreement, with respect to Class B shares,
each Fund pays the Agent a monthly fee of $1.3125 for each shareholder account
that was in existence at any time during the prior month, plus $0.30 for each
account on which a dividend or distribution, of cash or shares, had a record
date in that month. For Class C and Class Y shares, each Fund pays the Agent a
monthly fee equal to one-twelfth of .15 of 1% the average daily net assets of
each class for the preceding month.
To be attached to the cover page of the Statement of Additional Information of
Waddell & Reed Funds, Inc.
This supplement is dated November 16, 1999.
