September 6, 2008 Paul Mahan
Exhibit
77(e)(8)
September
6, 2008
Xxxx
Xxxxx
Pioneer
Investment Management, Inc.
00 Xxxxx
Xxxxxx, 17th Floor
Boston,
MA 02109
Dear Xx.
Xxxxx:
Pursuant
to Sections 1 and 6 of the Portfolio Management Agreement dated April 29,
2005, as amended, among ING Investors Trust, Directed Services, LLC and
Pioneer
Investment Management, Inc. (the “Agreement”) we hereby notify you of our
intention to modify the fees payable to Pioneer Investment Management, Inc. for
ING Pioneer Mid Cap Value Portfolio (the “Portfolio”), effective September 6,
2008, 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
amending Amended
Schedule A of the Agreement. A form of the Amended
Schedule A, which indicates the annual portfolio management fees for the
Portfolio, is attached hereto.
Please
signify your acceptance to the modified portfolio management fees, with respect
to the Portfolio, by signing below.
Very
sincerely,
/s/ Xxxx
Xxxxx
Xxxx
Xxxxx
Senior
Vice President
ACCEPTED
AND AGREED TO:
Pioneer
Investment Management, Inc.
By: /s/ Xxxx X.
Xxxxxxx
Name: Xxxx
Xxxxxxx
Title: Chief Financial
Officer, Duly Authorized
|
0000
X. Xxxxxxxxxx Xxxxx Xx.
Scottsdale,
AZ 00000-0000
|
Tel:
000-000-0000
Fax:
000-000-0000
xxx.xxxxxxxx.xxx
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AMENDED
SCHEDULE A
COMPENSATION
FOR SERVICES TO SERIES
For the services provided by Pioneer
Investment Management, Inc. (the “Portfolio Manager”) to the following Series of
the Trust, pursuant to the attached Portfolio Management Agreement, Directed
Services, LLC 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
Pioneer Equity Income Portfolio and ING Pioneer Fund
Portfolio
|
0.35%
on first $500 million in combined assets of these Series;
0.30%
on assets thereafter
|
|
ING
Pioneer Mid Cap Value Portfolio
|
0.35%
on the first $1 billion in assets;
0.30%
on the next $500 million in assets; and
0.25%
on assets thereafter
|
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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