0001105607-03-000172 Sample Contracts

CUSTODIAN AGREEMENT Dated as of __________, 2003 Between UMB BANK, N.A. and W&R TARGET FUNDS, INC.
Custodian Agreement • September 5th, 2003 • W&r Target Funds Inc

AGREEMENT made as of the ____ day of ________, 2003 between W&R Target Funds, Inc. (the "Fund"), on behalf of each of the Portfolios listed in Appendix B, as may be amended from time to time, and UMB Bank, n.a. (the "Custodian").

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ACCOUNTING SERVICES AGREEMENT
Accounting Services Agreement • September 5th, 2003 • W&r Target Funds Inc

THIS AGREEMENT, originally made as of the 1st day of August, 1990, by and between TMK/United Funds, Inc. and Waddell & Reed Services Company, is hereby amended and restated as of the 1st day of July, 2003, by and between W&R Target Funds, Inc. (f/k/a Target/United Funds, Inc.; f/k/a TMK/United Funds, Inc.) (the "Corporation"), a Maryland corporation, and Waddell & Reed Services Company ("WRSCO"), a Missouri corporation,

INVESTMENT MANAGEMENT AGREEMENT
Investment Management Agreement • September 5th, 2003 • W&r Target Funds Inc

TMK/United Funds, Inc. and Waddell & Reed, Inc. ("W&R") entered into an Investment Management Agreement on July 1, 1990. W&R assigned the Investment Management Agreement to Waddell & Reed Investment Management Company ("WRIMCO") on January 8, 1992, and the Investment Management Agreement between W&R Target Funds, Inc. ("Fund") and WRIMCO with respect to the Portfolios listed in Exhibit B, hereby amended and restated as of August 21, 2002, has been approved, annually, by the Board of Directors, including separate approval by the Disinterested Directors, as prescribed by Section 15(c) of the Investment Company Act of 1940, as amended ("1940 Act").

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