Notice of Effectiveness

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Notice of Effectiveness
Effectiveness Date:	April 1, 2010

Accession Number:

0001193125-10-028482

Submission Type:

485APOS

CIK:

Company Name:

IVY FUNDS INC

File Number:

REFERENCED SERIES/CLASSES (CONTRACTS)

Series ID
	Class/Contract	Name
S000006283		Ivy Asset Strategy Fund
	C000017255	Class A
	C000017256	Class B
	C000017257	Class C
	C000017258	Class Y
	C000043898	Class E
	C000045541	Class I
	C000066833	Class R shares

Series ID
	Class/Contract	Name
S000006284		Ivy Municipal Bond Fund
	C000017259	Class A
	C000017260	Class B
	C000017261	Class C
	C000017262	Class Y
	C000081154	Class I

Series ID
	Class/Contract	Name
S000006285		Ivy Science and Technology Fund
	C000017263	Class R
	C000017264	Class A
	C000017265	Class B
	C000017266	Class C
	C000017267	Class Y
	C000043899	Class E
	C000045542	Class I

Series ID
	Class/Contract	Name
S000006286		Ivy Small Cap Growth Fund
	C000017268	Class R
	C000017269	Class A
	C000017270	Class B
	C000017271	Class C
	C000017272	Class Y
	C000043900	Class E
	C000045543	Class I

Series ID
	Class/Contract	Name
S000006287		Ivy Capital Appreciation Fund
	C000017273	Class A
	C000017274	Class B
	C000017275	Class C
	C000017276	Class Y
	C000043901	Class E
	C000045544	Class I

Series ID
	Class/Contract	Name
S000006288		Ivy Core Equity Fund
	C000017277	Class A
	C000017278	Class B
	C000017279	Class C
	C000017280	Class Y
	C000043902	Class E
	C000045545	Class I

Series ID
	Class/Contract	Name
S000006289		Ivy High Income Fund
	C000017281	Class A
	C000017282	Class B
	C000017283	Class C
	C000017284	Class Y
	C000043903	Class E
	C000045546	Class I

Series ID
	Class/Contract	Name
S000006291		Ivy Large Cap Growth Fund
	C000017289	Class R
	C000017290	Class A
	C000017291	Class B
	C000017292	Class C
	C000017293	Class Y
	C000043904	Class E
	C000045547	Class I

Series ID
	Class/Contract	Name
S000006292		Ivy Limited-Term Bond Fund
	C000017294	Class A
	C000017295	Class B
	C000017296	Class C
	C000017297	Class Y
	C000043905	Class E
	C000045548	Class I

Series ID
	Class/Contract	Name
S000006293		Ivy Mid Cap Growth Fund
	C000017298	Class R
	C000017299	Class A
	C000017300	Class B
	C000017301	Class C
	C000017302	Class Y
	C000043906	Class E
	C000045549	Class I

Series ID
	Class/Contract	Name
S000006294		Ivy Money Market Fund
	C000017303	Class A
	C000017304	Class B
	C000017305	Class C
	C000043907	Class E

Series ID
	Class/Contract	Name
S000011242		Ivy Energy Fund
	C000030961	Class A
	C000030962	Class B
	C000030963	Class C
	C000030964	Class Y
	C000045550	Class I

Series ID
	Class/Contract	Name
S000024823		Ivy Balanced Fund
	C000073854	Class A
	C000073855	Class B
	C000073856	Class C
	C000073858	Class I
	C000073859	Class Y

Series ID
	Class/Contract	Name
S000024824		Ivy International Growth Fund
	C000073860	Class A
	C000073861	Class Y
	C000073862	Class B
	C000073863	Class C
	C000073865	Class I

Series ID
	Class/Contract	Name
S000024825		Ivy Managed European/Pacific Fund
	C000073866	Class Y
	C000073867	Class A
	C000073868	Class B
	C000073869	Class C
	C000073871	Class I

Series ID
	Class/Contract	Name
S000024826		Ivy Managed International Opportunities Fund
	C000073872	Class Y
	C000073873	Class A
	C000073874	Class B
	C000073875	Class C
	C000073877	Class I

Series ID
	Class/Contract	Name
S000024827		Ivy Micro Cap Growth Fund
	C000073878	Class Y
	C000073879	Class A
	C000073880	Class B
	C000073881	Class C
	C000073882	Class I

Series ID
	Class/Contract	Name
S000024828		Ivy Mortgage Securities Fund
	C000073883	Class Y
	C000073884	Class A
	C000073885	Class B
	C000073886	Class C
	C000073887	Class E
	C000073888	Class I

Series ID
	Class/Contract	Name
S000024829		Ivy Pacific Opportunities Fund
	C000073889	Class Y
	C000073890	Class A
	C000073891	Class B
	C000073892	Class C
	C000073894	Class I

Series ID
	Class/Contract	Name
S000024830		Ivy Real Estate Securities Fund
	C000073895	Class Y
	C000073896	Class A
	C000073897	Class B
	C000073898	Class C
	C000073899	Class E
	C000073900	Class I
	C000073901	Class R

Series ID
	Class/Contract	Name
S000024831		Ivy Small Cap Value Fund
	C000073902	Class Y
	C000073903	Class A
	C000073904	Class B
	C000073905	Class C
	C000073907	Class I

Series ID
	Class/Contract	Name
S000024832		Ivy Value Fund
	C000073908	Class A
	C000073909	Class B
	C000073910	Class C
	C000073912	Class I
	C000073913	Class Y

Series ID
	Class/Contract	Name
S000024833		Ivy Bond Fund
	C000073914	Class A
	C000073915	Class B
	C000073916	Class C
	C000073917	Class E
	C000073918	Class I
	C000073919	Class Y

Series ID
	Class/Contract	Name
S000024834		Ivy Cundill Global Value Fund
	C000073920	Class B
	C000073921	Class A
	C000073922	Class C
	C000073923	Class E
	C000073924	Class I
	C000073925	Class Y

Series ID
	Class/Contract	Name
S000024835		Ivy Dividend Opportunities Fund
	C000073926	Class B
	C000073927	Class C
	C000073928	Class E
	C000073929	Class I
	C000073930	Class Y
	C000073931	Class A

Series ID
	Class/Contract	Name
S000024836		Ivy European Opportunities Fund
	C000073932	Class B
	C000073933	Class C
	C000073935	Class I
	C000073936	Class Y
	C000073937	Class A

Series ID
	Class/Contract	Name
S000024837		Ivy Global Bond Fund
	C000073938	Class B
	C000073939	Class C
	C000073940	Class I
	C000073941	Class Y
	C000073942	Class A

Series ID
	Class/Contract	Name
S000024838		Ivy Global Natural Resources Fund
	C000073943	Class B
	C000073944	Class C
	C000073945	Class E
	C000073946	Class I
	C000073947	Class R
	C000073948	Class Y
	C000073949	Class A

Series ID
	Class/Contract	Name
S000024839		Ivy International Balanced Fund
	C000073950	Class B
	C000073951	Class C
	C000073952	Class E
	C000073953	Class I
	C000073954	Class Y
	C000073955	Class A

Series ID
	Class/Contract	Name
S000024840		Ivy International Core Equity Fund
	C000073956	Class Y
	C000073957	Class B
	C000073958	Class C
	C000073959	Class E
	C000073960	Class I
	C000073961	Class A

Series ID
	Class/Contract	Name
S000025600		Ivy Municipal High Income Fund
	C000076687	Class A
	C000076688	Class B
	C000076689	Class C
	C000076690	Class I
	C000076691	Class Y

Series ID
	Class/Contract	Name
S000025601		Ivy Tax-Managed Equity Fund
	C000076692	Class Y
	C000076693	Class A
	C000076694	Class B
	C000076695	Class C
	C000076696	Class I

Series ID
	Class/Contract	Name
S000028675		Ivy Asset Strategy New Opportunities Fund
	C000087758	Class A
	C000087759	Class B
	C000087760	Class C
	C000087761	Class I
	C000087762	Class Y
	C000087763	Class E
	C000087764	Class R