UNITED STATES SECURITIES AND EXCHANGE COMMISSION

Washington DC 20549

FORM N-PX

ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-10431

WADDELL & REED INVESTED PORTFOLIOS, INC.

(Exact Name as Specified in Charter)

6300 Lamar Avenue, Overland Park, Kansas                    66202-4200

(Address of Principal Executive Office)                    (Zip Code)

Kristen A. Richards, 6300 Lamar Avenue, Overland Park, Kansas 66202-4200

(Name and Address of Agent for Service)

Registrant's Telephone Number, including Area Code           (913) 236-2000

Date of fiscal year end: December 31

Date of reporting period: July 1, 2005 to June 30, 2006

Form N-PX is to be used by a registered management investment company, other than a small business investment company registered on Form N-5 (Sections 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than August 31 of each year, containing the registrant's proxy voting record for the most recent twelve-month period ended June 30, pursuant to Section 30 of the Investment Company Act of 1940 and Rule 30b1-4 thereunder (17 CFR 270.30b1-4). The Commission may use the information provided on Form N-PX in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-PX, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-PX unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. Section 3507.

WADDELL & REED INVESTED GROWTH PORTFOLIO

Proxy Voting Record

There was no proxy voting for Waddell & Reed InvestEd Growth Portfolio, a series of the Registrant, for the period covered by this report, pursuant to Section 30 of the Investment Company Act of 1940, as amended, and Rule 30b1-4 thereunder.

WADDELL & REED INVESTED BALANCED PORTFOLIO

Proxy Voting Record

There was no proxy voting for Waddell & Reed InvestEd Balanced Portfolio, a series of the Registrant, for the period covered by this report, pursuant to Section 30 of the Investment Company Act of 1940, as amended, and Rule 30b1-4 thereunder.

WADDELL & REED INVESTED CONSERVATIVE PORTFOLIO

Proxy Voting Record

There was no proxy voting for Waddell & Reed InvestEd Conservative Portfolio, a series of the Registrant, for the period covered by this report, pursuant to Section 30 of the Investment Company Act of 1940, as amended, and Rule 30b1-4 thereunder.

SIGNATURES

Pursuant to the requirements of the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

WADDELL & REED INVESTED PORTFOLIOS, INC.

(Registrant)

By:    /s/Kristen A. Richards

         Kristen A. Richards, Vice President and Secretary

Date:   August 31, 2006

By:     /s/Henry J. Herrmann

          Henry J. Herrmann, President and Principal Executive Officer

Date:   August 31, 2006