UNITED ASSET STRATEGY FUND INC
485BPOS, EX-99.B(A)ASARTSUP, 2000-07-03
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                                   Ex-99.B(a)asartsup
                      ARTICLES OF AMENDMENT
                               TO
                    ARTICLES OF INCORPORATION
                               OF
                UNITED ASSET STRATEGY FUND, INC.
     Pursuant to Sections 2-105, 2-605 and 2-607 of the Maryland
General Corporation Law, United Asset Strategy Fund, Inc. (the
_Corporation_), a Maryland corporation, having its principal
office in Baltimore, Maryland, hereby adopts the following
Articles of Amendment to the Corporation's Articles of
Incorporation, as previously supplemented and amended (_Articles
of Incorporation_):
     FIRST:  As amended, effective June 30, 2000, Article SECOND
of the Corporation's Articles of Incorporation shall read as
follows:  _The name of the Corporation is Waddell & Reed Advisors
Asset Strategy Fund, Inc., hereinafter called the 'Corporation'._
     SECOND:  The amendment contained herein was approved by a
majority of the Board of Directors of the Corporation and is
limited to changes permitted by Section 2-605(a)(4) of the
Maryland General Corporation Law to be made without action by the
stockholders of the Corporation.
      THIRD:  The Corporation is registered with the Securities
and Exchange Commission as an open-end investment company under
the Investment Company Act of 1940, as amended.
     IN WITNESS WHEREOF, the undersigned Vice President of the
Corporation hereby executes these Articles of Amendment on behalf
of the Corporation this 15th day of  June, 2000.
                              United Asset Strategy Fund, Inc.
     (Corporate Seal)
                              /s/ Kristen A. Richards_________
                              Kristen A. Richards, Vice President
  Attest:  /s/ Daniel C. Schulte____
         Daniel C. Schulte,
         Assistant Secretary

        The undersigned, Vice President of United Asset Strategy
Fund, Inc. who executed on behalf of said Corporation the
foregoing Articles of Amendment, of which this certificate is
made a part, hereby acknowledges, in the name and on behalf of
said Corporation, the foregoing Articles of Amendment to be the
act of said Corporation and further certifies that, to the best
of her knowledge, information and belief, the matters and facts
set forth therein with respect to the approval thereof are true
in all material respects, under the penalties of perjury.
                      By:  /s/ Kristen A. Richards________
                         Kristen A. Richards, Vice President
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