The paper A Note on Wavelets and S--asymptotics, by A. Takači and N. Teofanov, appeared in Matematički Vesnik, Vol. 49, 3--4 (1997), 215--220. Unfortunately, due to an editorial error, an old version of the paper was printed. In order to correct this error, we give the correct end of the paper, starting from the eight line on page 218 (after the end of Proof of Theorem 1). We apologize to the authors and to the readers.