EXHIBIT e(14)
IVY FUND
ADDENDUM TO
AMENDED AND RESTATED DISTRIBUTION AGREEMENT
Ivy International Strategic Bond Fund
Class A, Class B, Class C, Class I and Advisor Class Shares
AGREEMENT made as of the 5th day of December, 1998, by and between Ivy Fund
(the "Trust") and ▇▇▇ ▇▇▇▇▇▇▇▇▇ Distributors, Inc. ("IMDI")(formerly "▇▇▇▇▇▇▇▇▇
▇▇▇ 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 October 23, 1993 (the "Agreement");
and
WHEREAS, the Trustees of the Trust, at a meeting held on December 4-5,
1998, 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
Strategic Bond Fund (the "Fund"); and
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 Fund 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 that the Registration Statement
pertaining to Ivy International Strategic Bond Fund was filed
with the SEC pursuant to Rule 485(a)(1) under the Securities
Act, the Agreement shall relate in all respects to the Shares,
in addition to the classes of shares of the Funds 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
By: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, President
▇▇▇ ▇▇▇▇▇▇▇▇▇ DISTRIBUTORS, INC.
By: ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇, President
