CERTIFICATION

         Pursuant to Rule 497(j) under the Securities Act of 1933, Ivy Funds (1933 Act File No. 2-17613; 1940 Act File No. 811-01028; CIK #000052858) ("Registrant") hereby certifies (a) that the form of Prospectus used with respect to the Registrant does not differ from that contained in Post-Effective Amendment No. 134 ("Amendment No. 134") to its Registration Statement on Form N-1A, which is Registrant's most recent post-effective amendment, and (b) that Amendment No. 134 was filed electronically.

		IVY FUNDS
Dated: August 3, 2005	By: /s/Kristen A. Richards
		Kristen A. Richards
		Vice President, Secretary and
			Associate General Counsel