EXHIBIT 99.906 CERT
CERTIFICATION UNDER SECTION 906
OF THE SARBANES-OXLEY ACT OF 2002
Henry J. Herrmann, President and Principal Financial Officer, and Theodore W. Howard, Treasurer and Principal Financial Officer of Ivy Funds (the "Registrant"), each certify to the best of his knowledge that:
1. The Registrant's periodic report on Form N-CSR for the period ended June 30, 2003 (the "Form N-CSR") fully complies with the requirements of section 13(a) or 15(d) of the Securities and Exchange Act of 1934, as amended; and
2. The information contained in the Form N-CSR fairly represents, in all material respects, the financial condition and results of operation of the Registrant.
By /s/Henry J. Herrmann
Henry J. Herrmann, Principal Executive Officer
Date March 10, 2004
By /s/Theodore W. Howard
Theodore W. Howard, Principal Financial Officer
Date March 10, 2004