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 forms of Prospectuses and Statement of Additional Information used with respect to the Registrant do not differ from that contained in Post-Effective Amendment No. 146 ("Amendment No. 146") to its Registration Statement on Form N-1A, which is Registrant's most recent post-effective amendment, and (b) that Amendment No. 146 was filed electronically.

		IVY FUNDS
Dated: September 13, 2007	By:	/s/Kristen A. Richards
		Kristen A. Richards
		Vice President, Assistant Secretary and
		Associate General Counsel