CERTIFICATION
Pursuant to Rule 497(j) under the Securities Act of 1933, Waddell & Reed
Advisors Asset Strategy Fund, Inc. (1933 Act File No. 33-55753; 1940 Act File
No. 811-7217) ("Registrant") hereby certifies (a) that the form of Prospectus
used with respect to the Registrant does not differ from the Prospectus
contained in Post-Effective Amendment No. 10 ("Amendment No. 10") to its
Registration Statement on Form N-1A, which is Registrant's most recent post-
effective amendment, and (b) that Amendment No. 10 was filed electronically.
WADDELL & REED ADVISORS
ASSET STRATEGY FUND, INC.
Dated: July 7, 2000 By: /s/Kristen A. Richards
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Kristen A. Richards
Vice President, Secretary and
Associate General Counsel
