EXHIBIT (E)(18)
IVY FUND
ADDENDUM TO AMENDED AND RESTATED
DISTRIBUTION AGREEMENT
Ivy International Fund
ADVISOR CLASS SHARES
AGREEMENT made as of the 25th day of August, 2000, by and between Ivy
Fund (the "Trust") and Ivy Mackenzie Distributors, Inc. ("IMDI")(formerly
"Mackenzie Ivy Funds Distribution, Inc.").
WHEREAS, the Trust is registered as an open-end investment company
under the Investment Company Act of 1940, as amended, and consists of one or
more separate investment portfolios, as may be designated from time to time; and
WHEREAS, IMDI serves as the Trust's distributor pursuant to an Amended
and Restated Distribution Agreement dated March 16, 1999 (the "Agreement"); and
WHEREAS, the Trustees of the Trust have duly approved an amendment to
the Agreement to include the Advisor Class shares of Ivy International Fund (the
"Fund"); and
WHEREAS, the Advisor Class shares of the Fund were established and
designated by the Board of Trustees of the Trust by written consent dated as of
June 27, 2000.
NOW THEREFORE, the Trust and IMDI hereby agree as follows:
Effective as of the date that the Registration Statement
pertaining to the Advisor Class shares of the Fund is filed
with the Securities and Exchange Commission pursuant to Rule
485(a) under the Securities Act of 1933 first becomes
effective, the Agreement shall relate in all respects to the
Advisor Class shares of the Fund, in addition to the classes
of shares of the Funds and any other series of the Trust
specifically identified in Paragraph 1 of the Agreement and
any other Addenda thereto.
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IN WITNESS WHEREOF, the Trust and IMDI have adopted this Addendum as of
the date first set forth above.
IVY FUND
By: /S/ JAMES W. BROADFOOT
----------------------
James W. Broadfoot, President
IVY MACKENZIE DISTRIBUTORS, INC.
By: /S/ KEITH J. CARLSON
--------------------
Keith J. Carlson, President
