Exhibit 99.B(d)(1)(i)
[ING FUNDS LOGO]
December 5, 2005
Xxxx Xxxxx
Senior Vice President
ING Investments, LLC
0000 X. Xxxxxxxxxx Xxxxx Xxxx
Xxxxxxxxxx, XX 00000
Pursuant to the Amended Investment Management Agreement dated April 1,
2004 between ING Series Fund, Inc. and ING Investments, LLC (the "Agreement") we
hereby notify you of our intention to modify the annual investment management
fees for ING Balanced Fund (the "Fund"). Upon your acceptance, the Agreement
will be modified to give effect to the foregoing as indicated on AMENDED
SCHEDULE A of the Agreement. The AMENDED SCHEDULE A, with the annual investment
management fees indicated for the Fund, is attached hereto.
AMENDED SCHEDULE A has also been updated to remove ING Bond Fund, ING
Classic Principal Protection Fund, ING Classic Principal Protection Fund II and
ING Classic Principal Protection Fund III as these funds were dissolved.
Please signify your acceptance of the modified fees for the Fund by
signing below where indicated.
Very sincerely,
/s/ Xxxxxx X. Xxxx
Xxxxxx X. Xxxx
Senior Vice President
ING Series Fund, Inc.
ACCEPTED AND AGREED TO:
ING Investments, LLC
By: /s/ Xxxx Xxxxx
Xxxx Xxxxx
Senior Vice President
0000 X. Xxxxxxxxxx Xxxxx Xx. Tel: 000-000-0000 ING Series Fund, Inc.
Scottsdale, AZ 00000-0000 Fax: 000-000-0000
xxx.xxxxxxxx.xxx
AMENDED SCHEDULE A
WITH RESPECT TO THE
AMENDED INVESTMENT MANAGEMENT AGREEMENT
BETWEEN
ING SERIES FUND, INC.
AND
ING INVESTMENTS, LLC
SERIES ANNUAL INVESTMENT MANAGEMENT FEE
------ --------------------------------
(AS A PERCENTAGE OF DAILY NET ASSETS)
Brokerage Cash Reserves 0.200% on first $1 billion
0.190% on next $2 billion
0.180% over $3 billion
ING Aeltus Money Market Fund 0.400% on first $500 million
0.350% on next $500 million
0.340% on next $1 billion
0.330% on next $1 billion
0.300% over $3 billion
ING Balanced Fund 0.750% on first $500 million
0.6750% on next $500 million
0.650% over $1 billion
ING Classic Principal Protection Fund IV 0.650%
ING Equity Income Fund 0.700% on first $250 million
0.650% on next $250 million
0.625% on next $250million
0.600% on next $1.25 billion
0.550% over $2 billion
ING Global Science and Technology Fund 1.050% on first $500 million
1.025% on next $500 million
1.000% over $1 billion
2
SERIES ANNUAL INVESTMENT MANAGEMENT FEE
------ --------------------------------
(AS A PERCENTAGE OF DAILY NET ASSETS)
ING Government Fund 0.500% on first $250 million
0.475% on next $250 million
0.450% on next $250 million
0.425% on next $1.25 billion
0.400% over $2 billion
ING Growth Fund 0.700% on first $250 million
0.650% on next $250 million
0.625% on next $250 million
0.600% on next $1.25 billion
0.550% over $2 billion
ING Index Plus LargeCap Fund 0.450% on first $500 million
0.425% on next $250 million
0.400% on next $1.25 billion
0.375% over $2 billion
ING Index Plus MidCap Fund 0.450% on first $500 million
0.425% on next $250 million
0.400% on next $1.25 billion
0.375% over $2 billion
ING Index Plus Protection Fund 0.250% during offering period
0.650% during guarantee period
0.450% thereafter
ING Index Plus SmallCap Fund 0.450% on first $500 million
0.425% on next $250 million
0.400% on next $1.25 billion
0.375% over $2 billion
ING International Growth Fund 0.850% on first $250 million
0.800% on next $250 million
0.775% on next $250 million
0.750% on next $1.25 billion
0.700% over $2 billion
ING Small Company Fund 0.850% on first $250 million
0.800% on next $250 million
0.775% on next $250 million
0.750% on next $1.25 billion
0.725% over $2 billion
3
SERIES ANNUAL INVESTMENT MANAGEMENT FEE
------ --------------------------------
(AS A PERCENTAGE OF DAILY NET ASSETS)
ING Strategic Allocation Balanced Fund 0.800% on first $500 million
0.775% on next $500 million
0.750% on next $500 million
0.725% on next $500 million
0.700% over $2 billion
ING Strategic Allocation Growth Fund 0.800% on first $500 million
0.775% on next $500 million
0.750% on next $500 million
0.725% on next $500 million
0.700% over $2 billion
ING Strategic Allocation Income Fund 0.800% on first $500 million
0.775% on next $500 million
0.750% on next $500 million
0.725% on next $500 million
0.700% over $2 billion
ING Value Opportunity Fund 0.700% on first $250 million
0.650% on next $250 million
0.625% on next $250 million
0.600% on next $1.25 billion
0.550% over $2 billion
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