EXHIBIT (A)(34)
IVY FUND
Abolition of Series of Shares
of Beneficial Interest, Without Par Value
The undersigned, being at least a majority of the Trustees of
Ivy Fund, a Massachusetts business trust (the "Fund"), acting pursuant to
Article III, Section 2, of the Fund's Declaration of Trust dated December 21,
1983, as amended and restated on December 10, 1992, hereby abolish each of the
following named series and each individual class thereof, and, in the case of
each such series and class, the establishment and designation thereof, there
being no shares of any such series currently outstanding:
IVY GROWTH WITH INCOME FUND
IVY PAN-EUROPE FUND
IVY SOUTH AMERICA FUND
Dated: November 17, 2000
/S/ JOHN S. ANDEREGG, JR. /S/ JAMES W. BROADFOOT
_________________________________ ________________________________
John S. Anderegg, Jr., as Trustee James W. Broadfoot, as Trustee
/S/ PAUL H. BROYHILL /S/ KEITH J. CARLSON
_________________________________ ________________________________
Paul H. Broyhill, as Trustee Keith J. Carlson, as Trustee
/S/ STANLEY CHANNICK /S/ ROY J. GLAUBER
_________________________________ ________________________________
Stanley Channick, as Trustee Roy J. Glauber, as Trustee
/S/ DIANNE LISTER /S/ JOSEPH G. ROSENTHAL
_________________________________ ________________________________
Dianne Lister, as Trustee Joseph G. Rosenthal, as Trustee
/S/ RICHARD N. SILVERMAN /S/ J. BRENDAN SWAN
_________________________________ ________________________________
Richard N. Silverman, as Trustee J. Brendan Swan, as Trustee
/S/ EDWARD M. TIGHE
_________________________________
Edward M. Tighe, as Trustee
