[DECHERT PRICE & RHOADS]
Ten Post Office Square, South
Boston, Massachusetts 02109
PH: (617)728-7100
FAX: (617)426-6567
May 7, 1998
VIA ELECTRONIC TRANSMISSION
U.S. Securities and Exchange Commission
450 Fifth Street, N.W.
Washington, D.C. 20549
RE: IVY FUND, FILE NOS. 2-17613, 811-1028
Dear Sir or Madam:
Pursuant to Rule 497(j) under the Securities Act of 1933, as
amended (the "Act"), I hereby certify on behalf of the above-
named Registrant (the "Trust") that the forms of Prospectuses and
Statements of Additional Information that the Trust would have
filed pursuant to Rule 497(c) under the Act, in connection with
the filing on April 30, 1998 pursuant to Rule 485(b) under the
Act of Post-Effective Amendment No. 99 to the Trust's
Registration Statement on Form N-1A ("PEA99"), would not have
differed from those contained in PEA99. I hereby further certify
that PEA99 was filed electronically.
No fees are required in connection with this filing. Please
call me at (617) 728-7178 or Joseph R. Fleming at (617) 728-7161
if you have any questions.
Very truly yours,
Kate T. Alen
Enclosure
cc: Joseph R. Fleming, Esq.
