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Replay of Webcast for Waddell & Reed Clients Now Available:
Understanding market turmoil - and finding opportunity:  A replay of the live Webcast for Waddell & Reed clients recorded 10/30/2008 is now available on www.waddell.com.

So much has happened in financial markets and the global economy in recent weeks.  Making sense of it all, and what it means as you plan with us for your financial future, is critical.  We are please to offer you an opportujnity to hear what our senior leaders are thinking.

The interactive webcast took place on Thursday, October 30th with:
Henry J. Herrmann:  Chief Investment Officer, Waddell & Reed Financial, Inc & Waddell & Reed Investment Management Company
Michael L. Avery:  Chief Investment Office, Waddell & Reed Financial, Inc, & Waddell & Reed Investment Management Company
Thomas W. Butch:  Chief Marketing Office, Waddell & Reed Financial, Inc, & President, Waddell & Reed, Inc.

To access the replay, go to www.waddell.com and click on the All-Client Webcast banner.

Investors should consider the investment objectives, ricks, charges and expenses of a fund carefully before investing.  For a prospectus containing this and other information for the mutual funds offered by Waddell & Reed, call your financial advisor or visit us online at www.waddell.com.  Please read the prospectus carefully before investing.  Mutual fund investing is subject to market risks, and it is possible to lose money by investing.  Waddell & Reed, Inc.  (11/08)
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