EXHIBIT - h(5)(i)
[ING FUNDS LOGO]
December 13, 2004
Xxxxxxx X. Xxxxxx
Executive Vice President
ING Funds Services, LLC
0000 X. Xxxxxxxxxx Xxxxx Xxxx
Xxxxxxxxxx, XX 00000
Dear Xx. Xxxxxx:
Pursuant to the Administration Agreement dated September 23, 2002, between
ING Equity Trust and ING Funds Services, LLC (the "Agreement") we hereby notify
you of our intention to retain you as Administrator to render administrative and
other services to ING MidCap Value Choice Fund and ING SmallCap Value Choice
Fund (the "Funds"), two newly established series of ING Equity Trust, upon all
of the terms and conditions set forth in the Agreement. Upon your acceptance,
the Agreement will be modified to give effect to the foregoing by adding the
Funds to the AMENDED SCHEDULE A of the Agreement. The AMENDED SCHEDULE A is
attached hereto.
AMENDED SCHEDULE A was also updated to remove ING Growth Opportunities
Fund and ING Tax Efficient Equity Fund as these Funds were recently dissolved or
merged into other funds.
Please signify your acceptance to act as Administrator under the Agreement
with respect to the aforementioned Funds.
Very sincerely,
/s/ Xxxxxx X. Naka
Xxxxxx X. Naka
Senior Vice President
ING Equity Trust
ACCEPTED AND AGREED TO:
ING Funds Services, LLC
By: /s/ Xxxxxxx X. Xxxxxx
----------------------
Xxxxxxx X. Xxxxxx
Executive Vice President
0000 X. Xxxxxxxxxx Xxxxx Xx. Tel: 000-000-0000 ING Equity Trust
Scottsdale, AZ 00000-0000 Fax: 000-000-0000
xxx.xxxxxxxx.xxx
AMENDED SCHEDULE A
TO THE
ADMINISTRATION AGREEMENT
BETWEEN
ING EQUITY TRUST
AND
ING FUNDS SERVICES, LLC
SERIES ADMINISTRATIVE FEE
------ ------------------
(as a percentage of average daily net assets)
ING Convertible Fund 0.10%
ING Disciplined Large Cap Fund 0.10%
ING Equity and Bond Fund 0.10%
ING LargeCap Growth Fund 0.10%
ING LargeCap Value Fund 0.10%
ING MidCap Opportunities Fund 0.10%
ING MidCap Value Choice Fund 0.10%
ING MidCap Value Fund 0.10%
ING Real Estate Fund 0.10%
ING SmallCap Opportunities Fund 0.10%
ING SmallCap Value Choice Fund 0.10%
ING SmallCap Value Fund 0.10%
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