0001105607-04-000353 Sample Contracts

SHAREHOLDER SERVICING AGREEMENT
Shareholder Servicing Agreement • October 29th, 2004 • Waddell & Reed Advisors Select Funds Inc • Kansas

THIS AGREEMENT, originally made as of the November 15, 2000, by and between Waddell & Reed Advisors Value Fund, Inc. and Waddell & Reed Services Company, is hereby amended and restated as of May 21, 2003 by and between Waddell & Reed Advisors Select Funds, Inc. (f/k/a Waddell & Reed Advisors Value Fund, Inc.) ("Corporation"), a Maryland Corporation and Waddell & Reed Services Company, a Missouri Corporation ("WRSCO"),

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UNDERWRITING AGREEMENT
Underwriting Agreement • October 29th, 2004 • Waddell & Reed Advisors Select Funds Inc • Kansas

THIS AGREEMENT, originally made as of the November 15, 2000, by and between Waddell & Reed Advisors Value Fund, Inc. and Waddell & Reed, Inc., is hereby amended and restated as of May 21, 2003, by and between Waddell & Reed Advisors Select Funds, Inc. (f/k/a Waddell and Reed Advisors Value Fund, Inc.) (hereinafter "Corporation"), a Maryland corporation, and Waddell & Reed, Inc. (hereinafter "W&R"), a Delaware corporation;

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