exv99w1xnny

EX-99.1(NN) 5 c78747bexv99w1xnny.htm EX-1(NN) REDESIGNATION OF SERIES OF SHARES exv99w1xnny

Exhibit (1)(nn)

IVY FUND

Ivy Money Market Fund
Redesignation of Shares of Beneficial Interest,
No Par Value Per Share

The undersigned, being at least a majority of the Trustees of Ivy Fund (the “Trust”), a voluntary association organized under an Agreement and Declaration of Trust dated December 21, 1983, as amended and restated December 10, 1992 (the “Declaration of Trust”), a copy of which document is on file in the office of the Secretary of the Commonwealth of Massachusetts, do hereby redesignate the shares of beneficial interest of pursuant to Article III of the Declaration of Trust:

(1) having previously divided the shares of beneficial interest into fifteen separate series of the Trust, including one series designated as Ivy Money Market Fund (the “Fund”), the series of shares previously designated as “Ivy Money Market Fund” shall hereby be redesignated as “Ivy Cash Reserves Fund”; and

(2) having previously established and designated an unlimited number of authorized and unissued shares of beneficial interest of the Trust as “Ivy Money Market Fund — Class A,” “Ivy Money Market Fund — Class B” and “Ivy Money Market Fund — Class C,” (a) the shares of beneficial interest previously designated as “Ivy Money Market Fund — Class A” shall hereby be redesignated as shares of beneficial interest of “Ivy Cash Reserves Fund — Class A” (the “Class A Shares”), (b) the shares of beneficial interest previously designated as “Ivy Money Market Fund — Class B” shall hereby be redesignated as shares of beneficial interest of “Ivy Cash Reserves Fund — Class B” (the “Class B Shares”), and (c) the shares of beneficial interest previously designated as “Ivy Money Market Fund — Class C” shall hereby be redesignated as shares of beneficial interest of “Ivy Cash Reserves Fund — Class C” (the “Class C Shares”).

The undersigned hereby determine that the foregoing shall constitute an Amendment to the Declaration of Trust, effective as of June 16, 2003, and that the officers of the Trust are authorized to file such Amendment to the Declaration of Trust in the offices of the Commonwealth of Massachusetts.

Dated:May 27, 2003


/s/Jarold W. Boettcher		/s/Eleanor B. Schwartz

Jarold W. Boettcher, as Trustee		Eleanor B. Schwartz, as Trustee

/s/James D. Gressett		/s/Michael G. Smith

James D. Gressett, as Trustee		Michael G. Smith, as Trustee

/s/Joseph Harroz, Jr.		/s/Edward M. Tighe

Joseph Harroz, Jr., as Trustee		Edward M. Tighe, as Trustee

/s/Henry J. Herrmann		/s/Keith A. Tucker

Henry J. Herrmann, as Trustee		Keith A. Tucker, as Trustee

/s/Glendon E. Johnson, Jr. Glendon E. Johnson, Jr., as Trustee

	(1)		having previously divided the shares of beneficial interest into fifteen separate series of the Trust, including one series designated as Ivy Money Market Fund (the “Fund”), the series of shares previously designated as “Ivy Money Market Fund” shall hereby be redesignated as “Ivy Cash Reserves Fund”; and

	(2)		having previously established and designated an unlimited number of authorized and unissued shares of beneficial interest of the Trust as “Ivy Money Market Fund — Class A,” “Ivy Money Market Fund — Class B” and “Ivy Money Market Fund — Class C,” (a) the shares of beneficial interest previously designated as “Ivy Money Market Fund — Class A” shall hereby be redesignated as shares of beneficial interest of “Ivy Cash Reserves Fund — Class A” (the “Class A Shares”), (b) the shares of beneficial interest previously designated as “Ivy Money Market Fund — Class B” shall hereby be redesignated as shares of beneficial interest of “Ivy Cash Reserves Fund — Class B” (the “Class B Shares”), and (c) the shares of beneficial interest previously designated as “Ivy Money Market Fund — Class C” shall hereby be redesignated as shares of beneficial interest of “Ivy Cash Reserves Fund — Class C” (the “Class C Shares”).