EX-99.B-77G

SUB-ITEM 77G: Defaults on senior securities

1.	Inn of the Mountain Gods
	Ivy High Income Fund
		$1,500,000 12.00% Inn of the Mountain Gods bonds due 11/15/10
		Cusip 45771VAB9
		This is a monetary default, with the default date of June 15, 2009
		Amount of default per $1,000 face amount is $165
		Total Amount of default is $247,500
2.	Simmons Bedding Co
	Ivy High Income Fund
		$1,000,000 7.875% Simmons Bedding Co bonds due 01/15/14
		Cusip 828709AF2
		This is a monetary default, with the default date of January 15, 2009
		Amount of default per $1,000 face amount is $135
		Total Amount of default is $134,531