EX-99.B(l)mmminitcap


                                AGREEMENT



Waddell & Reed, Inc., in consideration of the issuance and sale to it by
Waddell & Reed Advisors Municipal Money Market Fund, Inc. (Fund) of 100,000
shares of the Fund's Class A common stock for the total payment of
$100,000.00, the receipt of which is acknowledged by the Fund, hereby
recognizes that said amount was paid to the Fund in order for the Fund to
comply with Section 14 of the Investment Company Act of 1940, and agrees
that it shall hold said shares for investment and not with a view toward
resale or requesting their redemption.


Dated this 28th day of November, 2000.


                                  WADDELL & REED, INC.



                                  By  /s/Robert L. Hechler
                                  --------------------------------------
                                  Robert L. Hechler, President



Accepted:

WADDELL & REED ADVISORS MUNICIPAL MONEY MARKET FUND, INC.


By  /s/Kristen A. Richards
-----------------------------------------------
Kristen A. Richards, Vice President