EX-99.B(j)tmconsnt


INDEPENDENT AUDITORS' CONSENT

We consent to the incorporation by reference in this Post-Effective
Amendment No. 4 to Registration Statement No. 333-95015 on Form N-1A of
Waddell & Reed Advisors Tax-Managed Equity Fund, Inc. of our report dated
August 9, 2002 appearing in the Annual Report to Shareholders for the
fiscal year ended June 30, 2002, in the Statement of Additional
Information, which is part of such Registration Statement, and to the
reference to us under the caption "Custodial and Auditing Services" in such
Statement of Additional Information. We also consent to the reference to us
under the caption "Financial Highlights" in the Prospectus, which is also
part of such Registration Statement.



/s/ Deloitte & Touche LLP
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Deloitte & Touche LLP
Kansas City, Missouri
October 10, 2002