One Commerce Square
Philadelphia, PA 19103
Delaware Group of Funds
DELAWARE
GROUP
________
1933 Act Rule 497(j)
File No. 33-11419
1940 Act File No. 811-4997
February 4, 1998
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.-
SMALL CAP VALUE FUND AND RETIREMENT INCOME FUND
_______________________________________________
Ladies and Gentlemen:
In accordance with the provisions of Rule 497(j), under the
Securities Act of 1933, we hereby certify that the forms of
Prospectuses and Statement of Additional Information that would
have been filed under paragraph (c) of Rule 497 would not have
differed from those contained in Post-Effective Amendment No. 20,
the most recent post-effective amendment of Delaware Group Equity
Funds V, Inc. Post-Effective Amendment No. 20 was filed
electronically with the Commission on February 3, 1998 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/
Senior Counsel
