Sub-Item 77Q1(f)
Exhibit to Form N-SAR
Filed in Response to N-SAR Item 77K
Reg S-K Item 304(a)(3) Requirement



January 28, 2011

Securities and Exchange Commission
100 F Street, N. E.
Washington, D.C. 20549

Gentlemen:

We have read Item 77K of Form N-SAR, dated January 28, 2011, of Delaware Group Equity
Funds V and are in agreement with the statements contained therein.


       Yours very truly,

       /s/ Ernst & Young LLP

WS: MFG_Philadelphia: 844418: v1