Notes to Financial Statements
March 31, 2000 (Unaudited)
Delaware Group Equity Funds IV (the "Company") is registered as an open-end investment company under the
Investment Company Act of 1940, as amended. The Company is organized as a Delaware Business Trust and
offers two series, the Delaware Growth Opportunities Fund and the Delaware Diversified Growth Fund. These
financial statements and related notes pertain to the Delaware Growth Opportunities Fund (the "Fund"). The
Fund offers four classes of shares. The Delaware Growth Opportunities Fund A Class carries a front-end sales
charge of 5.75%. The Delaware Growth Opportunities Fund B Class carries a back-end sales charge. The
Delaware Growth Opportunities Fund C Class carries a level load deferred sales charge and Delaware Growth
Opportunities Fund Institutional Class has no sales charge.
The investment objective of the Fund is to seek long-term capital growth by investing in common stocks and
securities convertible into common stocks of companies that have a demonstrated history of growth and have the
potential to support continued growth.
1. Significant Accounting Policies The following accounting policies are in accordance with accounting principles
generally accepted in the United States and are consistently followed by the Fund.
Security Valuation - All equity securities are valued at the last quoted sales price as of the close of the New York
Stock Exchange (NYSE) on the valuation date. If on a particular day an equity security does not trade, then the
mean between the bid and asked prices will be used. Long-term debt securities are valued by an independent
pricing service and such prices are believed to reflect the fair value of such securities. Money market instruments
having less than 60 days to maturity are valued at amortized cost, which approximates market value. Other
securities and assets for which market quotations are not readily available are valued at fair value as determined in
good faith by or under the direction of