IVY FUND
IVY NEXT WAVE INTERNET FUND
REDESIGNATION OF SERIES OF SHARES OF BENEFICIAL INTEREST, AND
REDESIGNATION OF CLASSES OF SHARES OF BENEFICIAL INTEREST,
NO PAR VALUE PER SHARE
I, Keith J. Carlson, being a duly elected, qualified and acting Trustee
of Ivy Fund (the "Trust"), a business trust formed under the laws of The
Commonwealth of Massachusetts, DO HEREBY CERTIFY that, by written consent, the
Trustees of the Trust (the "Trustees"), pursuant to Article III of the Agreement
and Declaration of Trust of the Trust dated December 21, 1983, as amended and
restated December 10, 1992 (the "Declaration of Trust"), duly approved, adopted
and consented to the following resolutions as actions of the Trustees of the
Trust:
WHEREAS, acting pursuant to Article III of the Trust's Declaration of Trust, the
Trustees established Ivy Next Wave Internet Fund (the "Fund") as an additional
series of the Trust pursuant to an Establishment and Designation of Additional
Series dated March 15, 2000 (the "Designation"), which Fund currently has an
unlimited number of authorized and unissued shares of beneficial interest
designated as "Ivy Next Wave Internet Fund - Class A" ("Class A"), "Ivy Next
Wave Internet Fund - Class B" ("Class B"), "Ivy Next Wave Internet Fund - Class
C" ("Class C"), "Ivy Next Wave Internet Fund - Class I" ("Class I"), and "Ivy
Next Wave Internet Fund - Advisor Class" ("Advisor Class") shares (each a
"Class" and, collectively, the "Classes"); and
WHEREAS, the Trustees, acting pursuant to Article III of the Declaration of
Trust and paragraph D of the Designation, now desire to redesignate the Ivy Next
Wave Internet Fund series of the Trust as Ivy International Growth Fund and to
change the name of each Class; and
NOW, THEREFORE, IT IS HEREBY:
RESOLVED, that "Ivy Next Wave Internet Fund" be, and it hereby is,
redesignated as "Ivy International Growth Fund";
FURTHER RESOLVED, that the name of each of the Fund's Class A, Class B,
Class C, Class I, and Advisor Class shares be, and it hereby is,
redesignated as "Ivy International Growth Fund - Class A", "Ivy
International Growth Fund - Class B", "Ivy International Growth Fund -
Class C", "Ivy International Growth Fund - Class I", and "Ivy
International Growth Fund - Advisor Class", respectively;
FURTHER RESOLVED, that the preceding resolutions shall constitute an
Amendment to the Declaration of Trust, effective as of the date that
the Registration Statement pertaining to Ivy International Growth Fund
is filed with the Securities and Exchange Commission pursuant to Rule
485(a) under the Securities Act of 1933, as amended; and
FURTHER RESOLVED, that the officers of the Trust be, and they hereby
are, authorized to file such Amendment to the Declaration of Trust in
the office of the Secretary of State of The Commonwealth of
Massachusetts.
IN WITNESS WHEREOF, I have signed this Amendment as of the 1st day of
November, 2000.
/S/KEITH J. CARLSON
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Keith J. Carlson, as Trustee
The above signature is the true and correct signature of Keith J.
Carlson, Trustee of the Trust.
/S/ C. WILLIAM FERRIS
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C. William Ferris, Senior Vice President and Secretary
Mackenzie Investment Management Inc.
