Exhibit 16
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, That the undersigned, IVY FUND
(hereinafter called the Corporation), and certain directors and officers
for the Corporation, do hereby constitute and appoint KEITH A. TUCKER,
DANIEL C. SCHULTE and KRISTEN A. RICHARDS, and each of them individually,
their true and lawful attorneys and agents to take any and all action and
execute any and all instruments which said attorneys and agents may deem
necessary or advisable to enable each Corporation to comply with the
Securities Act of 1933 and/or the Investment Company Act of 1940, as
amended, and any rules, regulations, orders or other requirements of the
United States Securities and Exchange Commission thereunder, in connection
with the registration under the Securities Act of 1933 and/or the
Investment Company Act of 1940, as amended, including specifically, but
without limitation of the foregoing, power and authority to sign the names
of each of such directors and officers in his/her behalf as such director
or officer as indicated below opposite his/her signature hereto, to any
Registration Statement and to any amendment or supplement to the
Registration Statement filed with the Securities and Exchange Commission
under the Securities Act of 1933 and/or the Investment Company Act of 1940,
as amended, and to any instruments or documents filed or to be filed as a
part of or in connection with such Registration Statement or amendment or
supplement thereto; and each of the undersigned hereby ratifies and
confirms all that said attorneys and agents shall do or cause to be done by
virtue hereof.
Date: January 21, 2003 /s/Henry J. Herrmann
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Henry J. Herrmann, President
/s/Keith A. Tucker Chairman of the Board January 21, 2003
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Keith A. Tucker
/s/Henry J. Herrmann President and Director January 21, 2003
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Henry J. Herrmann
/s/Theodore W. Howard Vice President and January 21, 2003
- -------------------- Assistant Treasurer -----------------
Theodore W. Howard
/s/Jarold W. Boettcher Director January 21, 2003
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Jarold W. Boettcher
/s/James D. Gressett Director January 21, 2003
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James D. Gressett
/s/Joseph Harroz, Jr. Director January 21, 2003
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Joseph Harroz, Jr.
/s/Glendon E. Johnson, Jr. Director January 21, 2003
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Glendon E. Johnson, Jr.
/s/Eleanor B. Schwartz Director January 21, 2003
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Eleanor B. Schwartz
/s/Michael G. Smith Director January 21, 2003
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Michael G. Smith
/s/Edward M. Tighe Director January 21, 2003
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Edward M. Tighe
Attest:
/s/Kristen A. Richards
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Kristen A. Richards
Secretary
