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Exhibit 11

WADDELL & REED FINANCIAL, INC.
COMPUTATION OF EARNINGS PER SHARE

	2003		2002		2001
	(in thousands except for per share data)
Net income	$	54,265	$	87,425	$	107,167
Basic weighted average shares outstanding		81,275		80,382		80,592
Diluted weighted average shares outstanding		82,590		81,874		83,423
Basic net income per share	$	0.67	$	1.09	$	1.33
Diluted net income per share	$	0.66	$	1.07	$	1.28

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Exhibit 11

WADDELL & REED FINANCIAL, INC. COMPUTATION OF EARNINGS PER SHARE