Capital Fulfillment Group Selected by Waddell & Reed

Hingham, MA - Sept 8, 2006

Capital Fulfillment Group (CFG), a leading fulfillment and marketing provider for the financial service industry announced today that Waddell & Reed Inc. has decided to enter into agreement with CFG for fulfillment and marketing services. Waddell & Reed Inc., headquartered in Kansas City, MO, has led the Waddell & Reed Advisors Funds and Ivy Funds in achieving highly competitive results across many market cycles. Capital Fulfillment Group will provide Waddell & Reed with fulfillment services, as well as other direct marketing services.

About Waddell & Reed

Founded in 1937, the Waddell & Reed organization is one of the oldest mutual fund complexes in the U.S. and manages over $44.9 billion in total assets as of March 31, 2006. Through its subsidiaries, Waddell & Reed Financial, Inc. provides investment management and financial planning services to clients throughout the United States. Waddell & Reed Investment Management Company serves as investment advisor to the Waddell & Reed Advisors Group of Mutual Funds, W&R Target Funds, Inc. and Waddell & Reed InvestEd Portfolios, Inc., while Ivy Investment Management Company serves as investment advisor to Ivy Funds, Inc. and the Ivy Funds portfolios. Waddell & Reed, Inc. serves as principal underwriter and distributor to the Waddell & Reed Advisors Group of Mutual Funds, W&R Target Funds, Inc. and Waddell & Reed InvestEd Portfolios, Inc., while Ivy Funds Distributor, Inc. serves as principal underwriter and distributor to Ivy Funds, Inc. and the Ivy Funds portfolios.

For more Waddell & Reed information, visit the Web site at www.waddell.com..

Capital Fulfillment Group
75 Research Road
Hingham, MA 02043
781.783.6500
www.cfgweb.com