Cynthia Prince-Fox

CYNTHIA PRINCE-FOX is co-Chief Investment Officer of Austin, Calvert &
Flavin, Inc., Waddell & Reed’s San Antonio-based affiliate. She is a
Senior Vice President of Waddell & Reed Investment Management Company
(WRIMCO) and Waddell & Reed Ivy Investment Company (WRIICO). Ms. Prince-
Fox graduated in 1982 from St. Mary’s University at San Antonio, Texas,
with a BBA in finance. She earned an MBA with an emphasis in Finance
from Rockhurst College in 1989. Ms. Prince-Fox joined Waddell & Reed in
1983 as an Equity Investment Analyst. In January 1991 she was named
Assistant Portfolio Manager of the Waddell & Reed Advisors Core
Investment Fund. In January 1993 she was appointed a Vice President of
WRIMCO and Portfolio Manager of the Waddell & Reed Advisors Continental
Income Fund. In April 1994 she was named Portfolio Manager of the W&R
Target Balanced Portfolio. From January 1995 to April 1999 she was
Portfolio Manager of Waddell & Reed Advisors Retirement Shares. Waddell
& Reed introduced the Waddell & Reed Advisors Tax-Managed Equity Fund
and the Ivy Tax- Managed Equity Fund in 2000 with Ms. Prince-Fox as
Portfolio Manager. She was appointed a Senior Vice President in July
2000. Ms. Prince-Fox was appointed co-Chief Investment Officer of
Austin, Calvert & Flavin in January 2002. Currently, she is Portfolio
Manager of the Waddell & Reed Advisors Continental Income Fund and the
W&R Target Balanced Portfolio. WRIMCO is the investment adviser of the
funds. Ms. Prince-Fox is a member of the CFA Institute and the Kansas
City Society of Financial Analysts.