EXHIBIT 17(a)

                      IDEX AMERICAN CENTURY INCOME & GROWTH

The undersigned shareholder of IDEX American Century Income & Growth (the
"Fund") hereby appoints John K. Carter and Thomas R. Moriarty, and each of them,
the attorneys and proxies of the undersigned, with full power of substitution,
to vote, as indicated herein, all of the shares of common stock of the Fund
standing in the name of the undersigned at the close of business on November 30,
2001, at a Special Meeting of shareholders to be held at the offices of IDEX
Mutual Funds, 570 Carillon Parkway, St. Petersburg, Florida 33716 at 1:00 p.m.,
on February 8, 2002, and at any and all adjournments thereof, with all of the
powers the undersigned would possess if then and there personally present and
especially (but without limiting the general authorization and power hereby
given) to vote as indicated on the proposal, as more fully described in the
Prospectus/Proxy Statement for the meeting.

         Please mark boxes in blue or black ink.

1.       To approve an Agreement and Plan of Reorganization between the Fund and
IDEX (the "Acquiring Fund"), providing for the transfer of all of the assets of
the Fund, subject to its liabilities, in exchange for shares of the Acquiring
Fund and the assumption by the Acquiring Fund of the Fund's liabilities, and the
pro rata distribution of those shares to Fund shareholders and subsequent
dissolution of the Fund.

              FOR _____                 AGAINST_____               ABSTAIN_____


2.       To re-elect the current Trustees of the Board and to elect two new
Trustees to the Board.

              FOR_____                 AGAINST_____                ABSTAIN_____

3.       To approve a proposal permitting IDEX Management, Inc. ("IMI"), after
obtaining the approval of the Board of Trustees of IDEX (the "Board"), to enter
into and materially amend Sub-Advisory Agreements on behalf of the Fund and
future funds, without obtaining shareholder approval (Sub-Adviser Approval
Policy").

              FOR _____                 AGAINST _____              ABSTAIN_____

4.       In their discretion, the proxies are authorized to vote upon such other
business as may properly come before the meeting, or any adjournment(s) thereof.

THIS PROXY IS SOLICITED BY THE FUND'S BOARD OF TRUSTEES AND WILL BE VOTED FOR
THE ABOVE PROPOSAL UNLESS OTHERWISE INDICATED.

Signature(s) should be exactly as name or names appearing on this proxy. If
shares are held jointly, each holder should sign. If signing is by attorney,
executor, administrator, trustee or guardian, please give full title.

                                       Dated:            , 2001


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                                       Signature(s)

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                                       Signature(s)

Sign, Date and Return the Proxy Card Promptly Using the Enclosed Envelope