EX-99.B(h)wraasaamend

                             Amendment to
                      Accounting Services Agreement 

THIS AMENDMENT, made as of the 1st day of September, 2000, by and between
Waddell & Reed Advisors Funds, Inc. (the "Fund"), a Maryland Corporation
and Waddell & Reed Services Company ("Agent"), a Missouri Corporation, to
amend the Accounting Services Agreement dated August 1, 1990 ("Agreement")
by and between the Fund and Agent,

                               WITNESSETH:

WHEREAS, the Fund and the Agent agree to amend and restate Section C
Compensation of the Agent to read as follows:

C.  Compensation of the Agent

    The Fund agrees to pay to the Agent for its services under this
Agreement, an amount payable on the first day of the month as shown in the
following table pertinent to the average daily net assets of the Fund
during the prior month:

    Fund's Average Daily                    Monthly Fee
    Net Assets for the Month (Millions)

    $0 to $10                               None
    $10 to $25                              $917
    $25 to $50                              $1,833
    $50 to $100                             $2,750
    $100 to$200                             $3,666
    $200 to $350                            $4,583
    $350 to $550                            $5,500
    $550 to $750                            $6,417
    $750 to $1,000                          $7,792
    $1,000 and over                         $9,167


In addition, for each class of shares in excess of one, the Fund pays the
Agent a monthly per-class fee equal to 2.5% of the monthly base fee.

All other terms of the Agreement remain in full force and effect.



IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
duly executed on the date and year first above written.

              WADDELL & REED ADVISORS FUNDS, INC.




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

ATTEST:

By:  /s/ Daniel C. Schulte
Daniel C. Schulte, Assistant Secretary


              WADDELL & REED SERVICES COMPANY


              By:  /s/ Michael D. Strohm
              Michael D. Strohm, President


ATTEST:



By:  /s/ Daniel C. Schulte
Daniel C. Schulte, Secretary