EXHIBIT (A)(33)

                                    IVY FUND

                          Ivy International Value Fund

                      (Formerly Ivy International Fund II)

                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 International  Fund II (the "Fund") be,
         and it hereby is, changed to Ivy International Value 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
         International  Value Fund - Class A", "Ivy  International  Value Fund -
         Class  B",  "Ivy  International   Value  Fund  -  Class  C",  and  "Ivy
         International Value 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 25th day of
September, 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/ PAULA K. WOLFE
                                     ------------------------
                                      Name:  Paula K. Wolfe
                                     Title:  Assistant Secretary