EXHIBIT (A)(32)

                                    IVY FUND

                         Ivy Pacific Opportunities Fund

                        (Formerly Ivy China Region Fund)

                Redesignations of Series of Shares of Beneficial
              Interest and Redesignations of Classes of Shares of
                  Beneficial Interest, No Par Value Per Share

         I,  James W.  Broadfoot,  being a duly  elected,  qualified  and acting
Trustee of Ivy Fund (the "Trust"),  a business trust organized under the laws of
the Commonwealth of Massachusetts,  DO HEREBY CERTIFY that, at a meeting held on
August 24, 2000, the Trustees of the Trust (the "Trustees"),  acting pursuant to
Article  III and Article IV 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 and adopted the following resolutions as
actions of the Trustees:

         RESOLVED,  that the name of Ivy China  Region Fund (the "Fund") be, and
         it hereby is, changed to Ivy Pacific Opportunities Fund;

         FURTHER RESOLVED, that the Fund's Class A, Class B, Class C and Advisor
         Class  shares be, and they hereby  are,  redesignated  as "Ivy  Pacific
         Opportunities Fund - Class A", "Ivy Pacific  Opportunities Fund - Class
         B",  "Ivy  Pacific  Opportunities  Fund - Class  C",  and "Ivy  Pacific
         Opportunities Fund - Advisor Class", respectively; and

         FURTHER  RESOLVED,  that the preceding  resolutions shall constitute an
         Amendment to the  Declaration  of Trust,  effective as of the date that
         the  disclosure  documents  relating to the Fund are amended to reflect
         its name change.

         IN  WITNESS  WHEREOF,  I have  signed  this Amendment  this 30th day of
August, 2000.

                                        /s/ JAMES W. BROADFOOT
                                         -----------------------
                                        James W. Broadfoot, as Trustee


The above signature is the true and correct signature of James W. Broadfoot,
Trustee of the Trust.

                                    /s/ C. WILLIAM FERRIS
                                          ------------------------
                                      C. William Ferris, Secretary/Treasurer
                                      Mackenzie Investment Management Inc.