U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 24F-2
Annual Notice of Securities Sold
Pursuant to Rule 24f-2
1.Name and address of issuer:
Ivy Fund
Via Mizner Financial Plaza
Suite 300
Boca Raton, FL 33432
2.The name of each series or class of securities for which this Form is filed
(If the Form is being filed for all series and classes of securities of the
issuer, check the box but do not list series or classes): [X]
3.Investment Company Act File Number: 811-1028
Securities Act File Number: 2-17613
4(a). Last day of fiscal year for which this Form is filed:
December 31, 1997
4(b).[ ] Check box if this Form is being filed late (i.e., more than 90 days
after the end of the issuer's fiscal year). (See instructions A.2)
Note: If the Form is being filed late, interest must be paid on the
registration fee due.
4(c).[ ] Check box if this is the last time the issuer will be filing this
Form.
5.Calculation of registration fee:
(i) Aggregate sale price of securities sold during the
fiscal year pursuant to section 24(f):
$2,090,289,546
(ii) Aggregate price of securities redeemed or repurchased during the
fiscal year:
$865,860,876
(iii) Aggregate price of securities redeemed or repurchased during any
prior fiscal year ending no earlier that October 11, 1995 that were not
previously used to reduce registration fees payable to the Commission:
$0.00
(iv) Total available redemption credits [add Items 5(ii) and 5(iii)]:
$865,860,876
(v) Net sales - if Item 5(i) is greater than Item 5(iv) [subtract
item 5(iv) from Item 5(i)]:
$1,224,428,670
(vi) Redemption credits available for use in the future years - if
Item 5(i) is less than Item 5(iv) subtract Item 5 (iv) from Item 5(I)]:
$0.00
(vii) Multiplier for determining registration fee (See Instruction C.9):
x .000295
(viii) Registration fee due [multiply Item 5(v) by Item 5(vii)] (enter
"0" if no fee is due:
$361,206.46
6.Prepaid Shares
If the response to Item 5(i)was determined by deducting an amount of
securities that were registered under the Securities Act of 1933 pursuant to
rule 24e-2 as in effect before October 11, 1997, then report the amount of
securities (number of shares or other units) deducted here:
___________. If there is a number of shares or other units that were
registered pursuant to rule 24e-2 remaining unsold at the end of the fiscal
year for which this form is filed that are available for use by the issuer in
future fiscal years, then state that number here: _________________.
7.Interest due - if this Form is being filed more than 90 days after the end
of the issuer's fiscal year (See Instruction D):
$0.00
8 .Total of the amount of the registration fee due plus any interest due [Item
5(viii) plus line 7]:
$361,206.46
9 .Date the registration fee and any interest payment was sent to the
Commission's lockbox depository:
March 27, 1998
Account Number:
Method of Delivery:
[x] Wire Transfer
[ ] Mail or other means
SIGNATURES
This report has been signed below by the following persons on behalf of the
issuer and in the capacities and on the dates indicated.
By (Signature and Title)* /s/C. WILLIAM FERRIS
C. William Ferris,
Secretary/Treasurer
Date: March 27, 1998
*Please print the name and title of the signing officer below the signature.
