POWER OF ATTORNEY

     KNOW ALL MEN BY THESE PRESENTS, That each of the undersigned, UNITED FUNDS,
INC., UNITED INTERNATIONAL GROWTH FUND, INC., UNITED MUNICIPAL BOND FUND, INC.,
UNITED VANGUARD FUND, INC., UNITED HIGH INCOME FUND, INC., UNITED CASH
MANAGEMENT, INC., UNITED NEW CONCEPTS FUND, INC., UNITED GOVERNMENT SECURITIES
FUND, INC., UNITED MUNICIPAL HIGH INCOME FUND, INC., UNITED GOLD & GOVERNMENT
FUND, INC., UNITED HIGH INCOME FUND II, INC., UNITED CONTINENTAL INCOME FUND,
INC., UNITED RETIREMENT SHARES, INC., UNITED ASSET STRATEGY FUND, INC.,
TMK/UNITED FUNDS, INC. AND WADDELL & REED FUNDS, INC. (each hereinafter called
the "Corporation"), and certain directors and officers for the Corporation, do
hereby constitute and appoint KEITH A. TUCKER, ROBERT L. HECHLER, and SHARON K.
PAPPAS, and each of them individually, their true and lawful attorneys and
agents to take any and all action and execute any and all instruments which said
attorneys and agents may deem necessary or advisable to enable each Corporation
to comply with the Securities Act of 1933 and/or the Investment Company Act of
1940, as amended, and any rules, regulations, orders or other requirements of
the United States Securities and Exchange Commission thereunder, in connection
with the registration under the Securities Act of 1933 and/or the Investment
Company Act of 1940, as amended, including specifically, but without limitation
of the foregoing, power and authority to sign the names of each of such
directors and officers in his/her behalf as such director or officer as
indicated below opposite his/her signature hereto, to any Registration Statement
and to any amendment or supplement to the Registration Statement filed with the
Securities and Exchange Commission under the Securities Act of 1933 and/or the
Investment Company Act of 1940, as amended, and to any instruments or documents
filed or to be filed as a part of or in connection with such Registration
Statement or amendment or supplement thereto; and each of the undersigned hereby
ratifies and confirms all that said attorneys and agents shall do or cause to be
done by virtue hereof.

Date:  February 5, 1997                 /s/Keith A. Tucker
                                        --------------------------
                                        Keith A. Tucker, President



/s/Ronald K. Richey           Chairman of the Board     February 5, 1997
--------------------                                    ----------------
Ronald K. Richey

/s/Keith A. Tucker            President and Director    February 5, 1997
--------------------          (Principal Executive      ----------------
Keith A. Tucker               Officer)

/s/Theodore W. Howard         Vice President, Treasurer February 5, 1997
--------------------          and Principal Accounting  ----------------
Theodore W. Howard            Officer

/s/Robert L. Hechler          Vice President and        February 5, 1997
--------------------          Principal Financial       ----------------
Robert L. Hechler             Officer

/s/Henry L. Bellmon           Director                  February 5, 1997
--------------------                                    ----------------
Henry L. Bellmon

/s/Dodds I. Buchanan          Director                  February 5, 1997
--------------------                                    ----------------
Dodds I. Buchanan

/s/Linda Graves               Director                  February 5, 1997
--------------------                                    ----------------
Linda Graves

/s/John F. Hayes              Director                  February 5, 1997
--------------------                                    ----------------
John F. Hayes

/s/Glendon E. Johnson         Director                  February 5, 1997
--------------------                                    ----------------
Glendon E. Johnson

/s/William T. Morgan          Director                  February 5, 1997
--------------------                                    ----------------
William T. Morgan

/s/William L. Rogers          Director                  February 5, 1997
--------------------                                    ----------------
William L. Rogers

/s/Frank J. Ross, Jr.         Director                  February 5, 1997
--------------------                                    ----------------
Frank J. Ross, Jr.

/s/Eleanor Schwartz           Director                  February 5, 1997
--------------------                                    ----------------
Eleanor Schwartz

/s/Frederick Vogel III        Director                  February 5, 1997
--------------------                                    ----------------
Frederick Vogel III

/s/Paul S. Wise               Director                  February 5, 1997
--------------------                                    ----------------
Paul S. Wise


Attest:

/s/Sharon K. Pappas
--------------------------------
Sharon K. Pappas, Vice President
and Secretary