Exhibit 99.B(d)(2)(BB)(i)
[ING FUNDS LOGO]
November 30, 2005
Xxxxxx X. Xxxxxxxx, XX; CFA CPA
Managing Director
Xxxxx Capital Management, Inc.
000 Xxxxx Xxxxx, Xxxxx 0000
Xxx Xxxxxxx, XX 00000
Dear Xx. Xxxxxxxx:
Pursuant to Section 1 of the Portfolio Management Agreement dated August
29, 2005, 2005 among ING Investors Trust, Directed Services, Inc. and Xxxxx
Capital Management, Inc. (the "Agreement") we hereby notify you of our intention
to retain you as Portfolio Manager to render investment advisory services to ING
Xxxxx Fargo Small Cap Disciplined Portfolio ("Portfolio"), a newly established
series of ING Investors Trust, effective November 30, 2005, 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
Portfolio to SCHEDULE A of the Agreement. The AMENDED SCHEDULE A, with the
annual portfolio management fees indicated for the series, are attached hereto.
Please signify your acceptance to act as Portfolio Manager under the
Agreement with respect to the Portfolio by signing below.
Very sincerely,
/s/ Xxxxxx X. Naka
Xxxxxx X. Naka
Senior Vice President
ING Investors Trust
ACCEPTED AND AGREED TO:
Xxxxx Capital Management, Inc.
By: /s/ Xxxxx Xxxxxx
--------------------------------
Name: XXXXX XXXXXX
--------------------------------
Title: PRINCIPAL , Duly Authorized
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0000 X. Xxxxxxxxxx Xxxxx Xx. Tel: 000-000-0000 ING Investors Trust
Scottsdale, AZ 00000-0000 Fax: 000-000-0000
xxx.xxxxxxxx.xxx
AMENDED SCHEDULE A
COMPENSATION FOR SERVICES TO SERIES
For the services provided by Xxxxx Capital Management, Inc. ("Portfolio
Manager") to the following Series of ING Investors Trust, pursuant to the
attached Portfolio Management Agreement, the Manager will pay the Portfolio
Manager a fee, computed daily and payable monthly, based on the average daily
net assets of the Series at the following annual rates of the average daily net
assets of the Series:
SERIES RATE
------ ----
ING Xxxxx Fargo Mid Cap Disciplined Portfolio 0.55% on first $50 million;
0.50% on next $50 million;
0.45% on next $200 million;
0.40% thereafter
ING Xxxxx Fargo Small Cap Disciplined Portfolio 0.60%
If this Agreement becomes effective or terminates before the end of any
month, the fee for the period from the effective date to the end of the month or
from the beginning of such month to the date of termination, as the case may be,
shall be prorated according to the proportion that such period bears to the full
month in which such effectiveness or termination occurs.
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