January 1, 2007 ING Investors Trust
Exhibit 99.B(d)(1)(E)
January 1, 2007
0000 X. Xxxxxxxxxx Xxxxx Xx.
Scottsdale, AZ 85258
Ladies and Gentlemen:
By our execution of this letter agreement, we hereby notify you that, during periods when any current and future series of ING Investors Trust and ING Partners, Inc. (the “Funds”) are managed by Directed Services, LLC (“DSL”) and sub-advised by ING Investment Management Co. invests in ING Institutional Prime Money Market Fund or any other affiliated money market fund as we may identify in writing (the “Underlying Fund”), DSL will waive fees with respect to the assets invested in the Underlying Fund. The waiver will be equal to the advisory fee received by ING Investments, LLC from the Underlying Fund attributable to the assets that the Fund invests in the Underlying Fund.
Please indicate your agreement to this Waiver by executing below in the place indicated.
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Very sincerely, |
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By: |
/s/Xxxx Xxxxx |
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Xxxx Xxxxx |
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Vice President |
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Directed Services, LLC |
Agreed and Accepted:
ING Partners, Inc.
(on behalf of the Funds)
By: |
/s/Xxxxxx X. Xxxx |
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Xxxxxx X. Xxxx |
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Executive Vice President |
0000 X. Xxxxxxxxxx Xxxxx Xx. |
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Tel: 000-000-0000 |
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Directed Services, LLC |