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Waddell & Reed, Inc. is a subsidiary of Waddell & Reed Financial, Inc. (NYSE:WDR). Waddell & Reed Financial, Inc., through its subsidiaries, provides investment management and financial planning services to clients throughout the United States. Waddell & Reed Investment Management Company serves as investment advisor and Waddell & Reed, Inc. serves as principal underwriter and distributor of the Waddell & Reed Advisors Funds, W&R Funds, Inc., W&R Target Funds, Inc. and the Waddell & Reed InvestEd Portfolios, Inc. As of March 31, 2002, the company had approximately 2 million retail accounts and assets under management of nearly $32 billion, including both mutual fund and institutional assets.