DELAWARE GROUP EQUITY FUNDS V INC
497J, 1997-05-05
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                                        One Commerce Square 
                                        Philadelphia, PA 19103
                                        
Delaware Group of Funds
_______________________                                
                                                       DELAWARE 
                                                       GROUP
                                                       ________
                                                                  
      
                                             1933 Act Rule 497(j)
                                       1933 Act File No. 33-11419
                                       1940 Act File No. 811-4997
                                                                  
      
May 5, 1997


Filed via EDGAR (CIK #0000809821)
_________________________________


Securities and Exchange Commission
Document Control
450 Fifth Street, N.W.
Washington, D.C.  20549


Re:  File No. 33-11419
     DELAWARE GROUP EQUITY FUNDS V, INC.


Ladies and Gentlemen:

In accordance with the provisions of Rule 497(j), under the
Securities Act of 1933, this is to certify that the forms of
Supplements to the Prospectuses and Statement of Additional
Information that would have been filed under paragraph (c) of
Rule 497 do not differ from those contained in Post-Effective
Amendment No. 18, the most recent post-effective amendment of
Delaware Group Equity Funds V, Inc.  Post-Effective Amendment No.
18 was filed electronically with the Commission on April 30, 1997
under paragraph (b) of Rule 485 under the Securities Act of 1933.


Very truly yours,

/s/Michael D. Mabry

Michael D. Mabry
Assistant Vice President/
Assistant Secretary


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