EXHIBIT (E)(19)

                                    IVY FUND

                                   ADDENDUM TO

                   AMENDED AND RESTATED DISTRIBUTION AGREEMENT

                          Ivy International Growth Fund
           Class A, Class B, Class C, Class I and Advisor Class Shares


         AGREEMENT made as of the 8th day of December,  2000, by and between Ivy
Fund  (the  "Trust")  and Ivy  Mackenzie  Distributors,  Inc.  ("IMDI")(formerly
"Mackenzie Ivy Funds Distribution, Inc.").

         WHEREAS,  the Trust is  registered  as an open-end  investment  company
under the  Investment  Company Act of 1940,  as amended,  and consists of one or
more separate investment portfolios, as may be designated from time to time; and

         WHEREAS,  IMDI serves as the Trust's distributor pursuant to an Amended
and Restated Distribution Agreement dated March 16, 1999 (the "Agreement"); and

         WHEREAS,  the Trustees of the Trust have duly  approved an amendment to
the  Agreement  to include  the Class A,  Class B, Class C, Class I and  Advisor
Class shares (the "Shares") of Ivy International Growth Fund.

         WHEREAS,  the Shares were  established  and  designated by the Board of
Trustees of the Trust by written  consent made effective as of the date that the
Registration  Statement for the Funds was filed with the Securities and Exchange
Commission ("SEC") in accordance with Rule 485(a)(2) under the Securities Act of
1933 (the "Securities Act").

         NOW THEREFORE, the Trust and IMDI hereby agree as follows:

                  Effective as of the date the Registration Statement pertaining
                  to Ivy  International  Growth Fund filed with the SEC pursuant
                  to Rule  485(a)(1)  under the  Securities  Act  first  becomes
                  effective,  the Agreement  shall relate in all respects to the
                  Shares,  in  addition to the classes of shares of the Fund and
                  any  other  series  of the Trust  specifically  identified  in
                  Paragraph 1 of the Agreement and any other Addenda thereto.

         IN WITNESS WHEREOF, the Trust and IMDI have adopted this Addendum as of
the date first set forth above.

                                            IVY FUND


                                               /s/ JAMES W. BROADFOOT
                                      By:      __________________________
                                               James W. Broadfoot, President

                                            IVY MACKENZIE DISTRIBUTORS, INC.


                                               /s/ KEITH J. CARLSON
                                      By:      __________________________
                                                Keith J. Carlson, President