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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001393725-10-000161.txt : 20101015
<SEC-HEADER>0001393725-10-000161.hdr.sgml : 20101015
<ACCEPTANCE-DATETIME>20101015120253
ACCESSION NUMBER:		0001393725-10-000161
CONFORMED SUBMISSION TYPE:	D/A
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Investment Company Act Section 3(c)
ITEM INFORMATION:		Section 3(c)(1)
FILED AS OF DATE:		20101015
DATE AS OF CHANGE:		20101015
EFFECTIVENESS DATE:		20101015

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Waddell & Reed Small Co Growth Fund, LLC
		CENTRAL INDEX KEY:			0001449286
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			KS
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D/A
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-134203
		FILM NUMBER:		101125087

	BUSINESS ADDRESS:	
		STREET 1:		6300 LAMAR AVENUE
		CITY:			OVERLAND PARK
		STATE:			KS
		ZIP:			66202
		BUSINESS PHONE:		913.236.1740

	MAIL ADDRESS:	
		STREET 1:		6300 LAMAR AVENUE
		CITY:			OVERLAND PARK
		STATE:			KS
		ZIP:			66202
</SEC-HEADER>
<DOCUMENT>
<TYPE>D/A
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0704</schemaVersion>

    <submissionType>D/A</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001449286</cik>
        <entityName>Waddell &amp; Reed Small Co Growth Fund, LLC</entityName>
        <issuerAddress>
            <street1>6300 LAMAR AVENUE</street1>
            <city>OVERLAND PARK</city>
            <stateOrCountry>KS</stateOrCountry>
            <stateOrCountryDescription>KANSAS</stateOrCountryDescription>
            <zipCode>66202</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>913.236.1740</issuerPhoneNumber>
        <jurisdictionOfInc>KANSAS</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Limited Liability Company</entityType>
        <yearOfInc>
            <overFiveYears>true</overFiveYears>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Henry</firstName>
                <middleName>J.</middleName>
                <lastName>Herrmann</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>6300 Lamar Avenue</street1>
                <city>Overland Park</city>
                <stateOrCountry>KS</stateOrCountry>
                <stateOrCountryDescription>KANSAS</stateOrCountryDescription>
                <zipCode>66202</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>President of the Issuer and Executive Officer of Waddell &amp; Reed Investment Management Company, the Manager and Promoter of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Lawrence</firstName>
                <middleName>J.</middleName>
                <lastName>Cipolla</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>6300 Lamar Avenue</street1>
                <city>Overland Park</city>
                <stateOrCountry>KS</stateOrCountry>
                <stateOrCountryDescription>KANSAS</stateOrCountryDescription>
                <zipCode>66202</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Vice President of the Issuer and Executive Officer of Waddell &amp; Reed Investment Management Company, the Manager and Promoter of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Nikki</firstName>
                <middleName>F.</middleName>
                <lastName>Newton</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>6300 Lamar Avenue</street1>
                <city>Overland Park</city>
                <stateOrCountry>KS</stateOrCountry>
                <stateOrCountryDescription>KANSAS</stateOrCountryDescription>
                <zipCode>66202</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Vice President of the Issuer and Executive Officer of Waddell &amp; Reed Investment Management Company, the Manager and Promoter of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>John</firstName>
                <middleName>E.</middleName>
                <lastName>Sundeen</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>6300 Lamar Avenue</street1>
                <city>Overland Park</city>
                <stateOrCountry>KS</stateOrCountry>
                <stateOrCountryDescription>KANSAS</stateOrCountryDescription>
                <zipCode>66202</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Vice President of the Issuer and Executive Officer of Waddell &amp; Reed Investment Management Company, the Manager and Promoter of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Cynthia</firstName>
                <middleName>L.</middleName>
                <lastName>LaGree</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>6300 Lamar Avenue</street1>
                <city>Overland Park</city>
                <stateOrCountry>KS</stateOrCountry>
                <stateOrCountryDescription>KANSAS</stateOrCountryDescription>
                <zipCode>66202</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Treasurer of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Adlynn</firstName>
                <middleName>K.</middleName>
                <lastName>Harte</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>6300 Lamar Avenue</street1>
                <city>Overland Park</city>
                <stateOrCountry>KS</stateOrCountry>
                <stateOrCountryDescription>KANSAS</stateOrCountryDescription>
                <zipCode>66202</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Secretary of the Issuer</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Mark</firstName>
                <middleName>P.</middleName>
                <lastName>Buyle</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>6300 Lamar Avenue</street1>
                <city>Overland Park</city>
                <stateOrCountry>KS</stateOrCountry>
                <stateOrCountryDescription>KANSAS</stateOrCountryDescription>
                <zipCode>66202</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Assistant Secretary of the Issuer and Executive Officer of Waddell &amp; Reed Investment Management Company, the Manager and Promoter of the Issuer</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Other Investment Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
            <item>3C</item>
            <item>3C.1</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>true</isAmendment>
                <previousAccessionNumber>0001393725-09-000148</previousAccessionNumber>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>1999-05-03</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>0</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Waddell &amp; Reed, Inc.</recipientName>
                <recipientCRDNumber>866</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>6300 Lamar Avenue</street1>
                    <city>Overland Park</city>
                    <stateOrCountry>KS</stateOrCountry>
                    <stateOrCountryDescription>KANSAS</stateOrCountryDescription>
                    <zipCode>66202</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <value>All States</value>
                </statesOfSolicitationList>
                <foreignSolicitation>false</foreignSolicitation>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>261095210</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>48</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>603779</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>Waddell &amp; Reed Small Co Growth Fund, LLC</issuerName>
                <signatureName>/s/ Adlynn K. Harte</signatureName>
                <nameOfSigner>Adlynn K. Harte</nameOfSigner>
                <signatureTitle>Secretary of the Issuer</signatureTitle>
                <signatureDate>2010-10-15</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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