Exhibit 9(mm)
IVY FUND
ADDENDUM TO
FUND ACCOUNTING SERVICES AGREEMENT
Ivy Developing Nations Fund
Ivy South America Fund
Ivy US Emerging Growth Fund
AGREEMENT made as of the 20th day of January, 1998 by and
between Ivy Fund (the "Trust") and Mackenzie Investment
Management Inc. (the "Agent").
WHEREAS, the Trust is an open-end investment company,
organized as a Massachusetts business trust, and consists of such
separate investment portfolios as have been or may be established
and designated by the Trustees of the Trust from time to time;
WHEREAS, several classes of shares are offered to investors
with respect to each investment portfolio of the Trust;
WHEREAS, the Trust has adopted a Master Fund Accounting
Services Agreement dated January 25, 1993 (the "Master
Agreement"), pursuant to which the Trust has appointed the Agent
to provide the fund accounting services specified in the Master
Agreement; and
WHEREAS, the Trustees of the Trust, by written consent dated
January 15, 1998, duly approved an amendment to the Trust's
Agreement and Declaration of Trust to redesignate each of Ivy
Emerging Growth Fund, Ivy New Century Fund and Ivy Latin America
Strategy Fund (each a "Fund" and, collectively, the "Funds") as
Ivy US Emerging Growth Fund, Ivy Developing Nations Fund and Ivy
South America Fund, respectively, and to change the names of each
Fund's classes to reflect such redesignations.
NOW THEREFORE, the Trust and the Agent hereby agree as
follows:
Effective as of January 20, 1998, the date
that supplements to the Registration
Statement pertaining to the redesignation of
the Funds were filed with the Securities and
Exchange Commission pursuant to Rule 497(e)
under the Securities Act of 1933, all
references to Ivy Emerging Growth Fund, Ivy
New Century Fund and Ivy Latin America
Strategy Fund in the Master Agreement and any
addenda, amendments or supplements thereto
shall hereafter apply to Ivy US Emerging
Growth Fund, Ivy Developing Nations Fund and
Ivy South America Fund, respectively.
IN WITNESS WHEREOF, the Trust and the Agent have adopted this
Addendum as of the date first set forth above.
IVY FUND
By: XXXXX X. XXXXXXX, President
MACKENZIE INVESTMENT MANAGEMENT INC.
By: XXXXXXX X. XXXXXX, President
