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FUNDS
Exhibit 77(e)(1)
September 23, 2005
Xxxx Xxxxx
Senior Vice President
ING Investments, LLC
0000 X. Xxxxxxxxxx Xxxxx Xxxx
Xxxxxxxxxx, XX 00000
Dear Xx. Xxxxx:
Pursuant to the Amended and Restated Investment Advisory Agreement
dated April 30, 2001, as amended, between ING Variable Products Trust and ING
Investments, LLC (the "Agreement") we hereby notify you of our intention to
modify the annual investment management fee for ING VP High Yield Bond Portfolio
(the "Portfolio"), effective September 23, 2005. Upon your acceptance, the
Agreement will be modified to give effect to the foregoing by amending Amended
and Restated Schedule A of the Agreement. The Amended and Restated Schedule A,
with the annual investment management fee indicated for the Portfolio, is
attached hereto.
Please signify your acceptance to the modification of the investment
management fee for the Portfolio by signing below where indicated.
Very sincerely,
/s/ Xxxxxx X.Xxxx
---------------------------
Xxxxxx X. Xxxx
Senior Vice President
ING Variable Products Trust
ACCEPTED AND AGREED TO:
ING Investments, LLC
By: /s/ Xxxx Xxxxx
--------------------------
Xxxx Xxxxx
Senior Vice President
0000 X. Xxxxxxxxxx Xxxxx Xx. Tel: 000-000-0000 ING Variable Products Trust
Scottsdale, AZ 00000-0000 Fax: 000-000-0000
xxx.xxxxxxxx.xxx
AMENDED AND RESTATED SCHEDULE A
with respect to the
AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT
between
ING VARIABLE PRODUCTS TRUST
and
ING INVESTMENTS, LLC
Annual Investment Management Fee
Funds ----------------------------------
----- (as a percentage of average daily net assets)
ING VP Convertible Portfolio 0.75%
ING VP Disciplined LargeCap Portfolio 0.75% of the first $250 million of assets
0.70% of the next $250 million of assets
0.65% of the next $250 million of assets
0.60% of the next $250 million of assets
0.55% of the assets in excess of $1 billion
ING VP Financial Services Portfolio
0.75% of the first $500 million of assets
0.70% of the assets in excess of $500 million
ING VP High Yield Bond Portfolio 0.62% of the first $200 million of assets
0.55% of the next $300 million of assets
0.50% on the next $500 million of assets
0.45% of the assets in excess of $1 billion
ING VP International Value Portfolio 1.00%
ING VP LargeCap Growth Portfolio 0.75%
ING VP MagnaCap Portfolio 0.75%
ING XX XxxXxx Opportunities Portfolio 0.75%
ING VP Real Estate Portfolio
0.80% of the first $100 million of assets
0.70% of the assets in excess of $100 million
2
Annual Investment Management Fee
Funds ----------------------------------
----- (as a percentage of average daily net assets)
ING VP SmallCap Opportunities Portfolio 0.75% of the first $250 million of assets
0.70% of the next $250 million of assets
0.65% of the next $250 million of assets
0.60% of the next $250 million of assets
0.55% of the assets in excess of $1 billion
3
