UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM N-PX

    ANNUAL REPORT OF PROXY VOTING RECORD OF REGISTERED MANAGEMENT INVESTMENT
                                    COMPANY

Investment Company Act file number 811-7815

                          Advantus Index 500 Fund, Inc.
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               (Exact name of registrant as specified in charter)

                 400 Robert Street North
                       St. Paul, MN                              55101
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        (Address of principal executive offices)              (Zip code)

                                  Eric Bentley
                             400 Robert Street North
                               St. Paul, MN 55101
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                     (Name and address of agent for service)

Registrant's telephone number, including area code: 651-665-4512

Date of fiscal year end: 07/31

Date of reporting period: 07/01/2003 - 06/30/2004

ITEM 1.  PROXY VOTING RECORD
The information contained herein discloses the following information for each
matter relating to a portfolio security considered at any shareholder meeting
held during the period covered by the report and with respect to which the
registrant was entitled to vote:

(a) The name of the issuer of the portfolio security;

(b) The exchange ticker symbol of the portfolio security;

(c) The Council on Uniform Securities Identification Procedures ("CUSIP") number
for the portfolio security;

(d) The shareholder meeting date;

(e) A brief identification of the matter voted on;

(f) Whether the matter was proposed by the issuer or by a security holder;

(g) Whether the registrant cast its vote on the matter;

(h) How the registrant cast its vote (e.g., for or against proposal, or abstain;
for or withhold regarding election of directors); and

(i) Whether the registrant cast its vote for or against management.

Advantus Index 500 Fund, Inc. was reorganized into the fund identified on or
about December 8, 2003. The surviving fund has filed the proxy voting record for
the entire reporting period ending June 30, 2004. The surviving fund filed Form
N-PX on approximately August 31, 2004 with an amendment approximately September
8, 2004. Form N-PX and the proxy voting record for this fund, can be accessed by
utilizing the surviving fund information set forth hereafter. Advantus Index 500
Fund, Inc., CIK number 0001022331, SEC filing number 811-7815 merged into Ivy
Funds, Inc Core Equity Fund, CIK 0000883622, SEC filing number Ivy Funds, Inc.,
811-6569.



                                   SIGNATURES

Pursuant to the requirements of the Investment Company Act of 1940, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.

                                     (Registrant)  Advantus Index 500 Fund, Inc.

                                   By (Signature)  /S/ Dianne Orbison
                                                   -----------------------------
                                   Title           President

Date 09/21/2004