Exhibit 99.B(h)(1)(v)
[ING FUNDS LOGO]
October 31, 2005
Xxxx Xxxxx
Senior Vice President
ING Funds Services, LLC
0000 X. Xxxxxxxxxx Xxxxx Xxxx
Xxxxxxxxxx, XX 00000
Dear Xx. Xxxxx:
Pursuant to the Administrative Services Agreement dated November 19, 2003,
as amended, between ING Partners, Inc. and ING Funds Services, LLC (the
"Agreement") we hereby notify you of our intention to (1) retain you as
Administrator to render administrative and other services to ING Baron Asset
Portfolio, ING Lord Xxxxxx U.S. Government Securities Portfolio, ING Xxxxxxxxx
Xxxxxx Partners Portfolio, ING Xxxxxxxxx Xxxxxx Regency Portfolio, ING Pioneer
High Yield Portfolio and ING Xxxxxxxxx Foreign Equity Portfolio, six newly
established series of ING Partners, Inc. (the "New Series"), upon all of the
terms and conditions set forth in the Agreement, and (2) modify the
administrative services fee for ING Xxxxx Venture Value Portfolio (formerly ING
Salomon Brothers Fundamental Value Portfolio). Upon your acceptance, the
Agreement will be modified to give effect to the foregoing by amending the
AMENDED SCHEDULE A and AMENDED SCHEDULE B of the Agreement. The AMENDED SCHEDULE
A and AMENDED SCHEDULE B are attached hereto.
AMENDED SCHEDULE A and AMENDED SCHEDULE B have also been updated to reflect
name changes of ING Aeltus Enhanced Index Portfolio to ING Fundamental Research
Portfolio, ING Salomon Brothers Fundamental Value Portfolio to ING Xxxxx Venture
Value Portfolio and ING Salomon Brothers Investors Value Portfolio to ING
American Century Large Company Value Portfolio.
Please signify your acceptance to act as Administrator under the Agreement
with respect to the aforementioned New Series and to the modified administrative
services fee for ING Xxxxx Venture Value Portfolio, by signing below where
indicated.
Very sincerely,
/s/ Xxxxxx X. Xxxx
Xxxxxx X. Xxxx
Senior Vice President
ING Partners, Inc.
ACCEPTED AND AGREED TO:
ING Funds Services, LLC
By:
-------------------------
Xxxx Xxxxx
Senior Vice President
0000 X. Xxxxxxxxxx Xxxxx Xx. Tel: 000-000-0000 ING Partners, Inc.
Scottsdale, AZ 00000-0000 Fax: 000-000-0000
xxx.xxxxxxxx.xxx
AMENDED SCHEDULE A
SERIES OF ING PARTNERS, INC.
ING American Century Large Company Value Portfolio
ING American Century Select Portfolio
ING American Century Small Cap Value Portfolio
ING Baron Asset Portfolio
ING Baron Small Cap Growth Portfolio
ING Xxxxx Venture Value Portfolio
ING Fidelity(R) VIP Contrafund(R) Portfolio
ING Fidelity(R) VIP Equity-Income Portfolio
ING Fidelity(R) VIP Growth Portfolio
ING Fidelity(R) VIP Mid Cap Portfolio
ING Fundamental Research Portfolio
ING Xxxxxxx Xxxxx(R) Capital Growth Portfolio
ING Xxxxxxx Xxxxx(R) Core Equity Portfolio
ING JPMorgan Xxxxxxx International Portfolio
ING JPMorgan Mid Cap Value Portfolio
ING Lord Xxxxxx U.S. Government Securities Portfolio
ING MFS Capital Opportunities Portfolio
ING Xxxxxxxxx Xxxxxx Partners Portfolio
ING Xxxxxxxxx Xxxxxx Regency Portfolio
ING OpCap Balanced Value Portfolio
ING Xxxxxxxxxxx Global Portfolio
ING Xxxxxxxxxxx Strategic Income Portfolio
ING PIMCO Total Return Portfolio
ING Pioneer High Yield Portfolio
ING Salomon Brothers Aggressive Growth Portfolio
ING Salomon Brothers Large Cap Growth Portfolio
ING Solution 2015 Portfolio
ING Solution 2025 Portfolio
ING Solution 2035 Portfolio
ING Solution 2045 Portfolio
ING Solution Income Portfolio
ING X. Xxxx Price Diversified Mid Cap Growth Portfolio
ING X. Xxxx Price Growth Equity Portfolio
ING Xxxxxxxxx Foreign Equity Portfolio
ING UBS U.S. Large Cap Equity Portfolio
ING Xxx Xxxxxx Xxxxxxxx Portfolio
ING Xxx Xxxxxx Equity and Income Portfolio
