<TABLE> <S> <C>
<ARTICLE> 6
<LEGEND>
THE SCHEDULE CONTAINS SUMMARY INFORMATION EXTRACTED FROM THE ANNUAL REPORT TO
SHAREHOLDERS DATED SEPTEMBER 30, 2000 AND IS QUALIFIED IN ITS ENTIRETY BY
REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<CIK> 0000929922
<NAME> WADDELL & REED ADVISORS ASSET STRATEGY FUND, INC.
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> YEAR
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<PERIOD-END> SEP-30-2000
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<RECEIVABLES> 3,067
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<PAYABLE-FOR-SECURITIES> (467)
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<EXPENSES-NET> (1,147)
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<APPREC-INCREASE-CURRENT> 5,370
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<EQUALIZATION> 0
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<DISTRIBUTIONS-OF-GAINS> (1,598)
<DISTRIBUTIONS-OTHER> 0
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<NUMBER-OF-SHARES-REDEEMED> (1,598)
<SHARES-REINVESTED> 297
<NET-CHANGE-IN-ASSETS> 49,938
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<PER-SHARE-NII> .04
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<PER-SHARE-DIVIDEND> (.03)
<PER-SHARE-DISTRIBUTIONS> (.18)
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<EXPENSE-RATIO> 1.55
</TABLE>
