EXHIBIT (m)(2)(i)
[ING LOGO]
September 1, 2003
Board of Trustees
ING Equity Trust
0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx
Xxxxxxxxxx, Xxxxxxx 00000
Re: Waiver of Fee Payable under Distribution Plan for the Class A Shares
Ladies and Gentlemen:
Pursuant to our letter agreement dated September 23, 2002, we have
waived the distribution fee payable to us under the Distribution Plan for the
Class A Shares of ING Tax Efficient Equity Fund (the "Fund"), a series of ING
Equity Trust, of 0.10% of the average daily net assets attributable to Class A
Shares of the Fund for the period from September 23, 2002 through August 31,
2003. By this letter, we agree to continue to waive that fee for the period from
September 1, 2003 through and including May 31, 2004.
Please indicate your agreement to this reduction in fee by executing
below in the place indicated.
Sincerely,
\s\ Xxxxxxx X. Xxxxxx
Xxxxxxx X. Xxxxxx
Executive Vice President
Agreed and Accepted:
ING Equity Trust
(on behalf of ING Tax Efficient Equity Fund)
By: \s\ Xxxxxx X. Xxxx
-----------------------------------------
Xxxxxx X. Xxxx
Senior Vice President
0000 X. Xxxxxxxxxx Xxxxx Xx. Tel: 000-000-0000 ING Funds Distributor, LLC
Scottsdale, AZ 00000-0000 Fax: 000-000-0000
xxx.xxxxxxxx.xxx
