SUPPLEMENT TO THE PROSPECTUS
Waddell & Reed Funds, Inc.
The following information supplements and supersedes any contrary information
contained in the Prospectus:
Effective March 24, 2000, each Fund's Class B shares will become subject to the
contingent deferred sales charge and shareholder servicing fee currently in
effect for Class C shares, and Class B shares will be redesignated as Class C
shares. If you are a Class B shareholder of record at the close of business on
that date, your Class B shares will automatically become Class C shares of the
Fund.
After March 24, 2000, each Fund will no longer offer Class B shares.
To be attached to the cover page of the Prospectus of Waddell & Reed Funds, Inc.
dated September 20, 1999.
This Supplement is dated February 28, 2000.
WRS4000C
<PAGE>
SUPPLEMENT TO THE STATEMENT OF ADDITIONAL INFORMATION
Waddell & Reed Funds, Inc.
The following information supplements and supersedes any contrary information
contained in the Statement of Additional Information:
Effective March 24, 2000, each Fund's Class B shares will become subject to the
contingent deferred sales charge and shareholder servicing fee currently in
effect for Class C shares, and Class B shares will be redesignated as Class C
shares. If you are a Class B shareholder of record at the close of business on
that date, your Class B shares will automatically become Class C shares of the
Fund.
After March 24, 2000, each Fund will no longer offer Class B shares.
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 February 28, 2000.
