SUPPLEMENT TO THE PROSPECTUS May 1, 2000
Waddell & Reed Funds, Inc.
The following supplements the information regarding Class C shares in the
sections entitled "Choosing A Share Class":
Waddell & Reed, Inc. may pay additional compensation from its own resources to
securities dealers based upon the value of shares of a Fund owned by the dealer
for its own account or for its customers.
To be attached to the cover page of the Prospectus of Waddell & Reed Funds, Inc.
dated September 20, 1999.
This Supplement is dated May 1, 2000.
WRS4000D
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SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION
Waddell & Reed Funds, Inc.
The disclosure regarding the Distribution and Service Plan ("Plan") for Class C
shares is revised to reflect that such shares are offered through Waddell &
Reed, Inc. and also through certain other broker-dealers. Waddell & Reed, Inc.
may pay such broker-dealers a portion of the fees it receives under the Plan as
well as other compensation in connection with the distribution of Fund shares,
including: for the purchase of Class C, Waddell & Reed, Inc. (or its affiliate)
may pay Legend 1.00% of net assets invested.
To be attached to the cover page of the Statement of Additional Information of
Waddell & Reed Funds, Inc. dated September 20, 1999.
This Supplement is dated May 1, 2000.
