[Logo]ING
FUNDS
Exhibit 77(q)(1)(e)(4)
December 7, 2005
Xxxxxx X. Xxxxxxxxxxx
Vice President
ING Life Insurance and Annuity Company
000 Xxxxxxxxxx Xxxxxx, XX00
Xxxxxxxx, XX 00000
Dear Xx. Xxxxxxxxxxx:
Pursuant to the Investment Advisory Agreement dated May 1, 2003, as
amended, between ING Partners, Inc. and ING Life Insurance and Annuity Company
(the "Agreement") we hereby notify you of our intention to (1) retain you as
Adviser to render investment advisory services to ING UBS U.S. Small Cap Growth
Portfolio, a newly established series of ING Partners, Inc. (the "New Series"),
effective April 18, 2006, upon all of the terms and conditions set forth in the
Agreement, and (2) modify the advisory fee for ING Lord Xxxxxx U.S. Government
Securities Portfolio, effective December 7, 2005. Upon your acceptance, the
Agreement will be modified to give effect to the foregoing by amending Amended
Schedule A and Amended Schedule B of the Agreement. The Amended Schedule A and
Amended Schedule B are attached hereto.
Please signify your acceptance to act as Adviser under the Agreement
with respect to the aforementioned New Series and to the modified advisory fee
for ING Lord Xxxxxx U.S. Government Securities Portfolio, by signing below where
indicated.
Very sincerely,
/s/ Xxxxxx X. Xxxx
------------------
Xxxxxx X. Xxxx
Senior Vice President
ING Partners, Inc.
ACCEPTED AND AGREED TO:
ING Life Insurance and Annuity Company
By: /s/ Xxxxxx X. Xxxxxxxxxxx
-------------------------
Xxxxxx X. Xxxxxxxxxxx
Vice President
0000 X. Xxxxxxxxxx Xxxxx Xx. Tel: 000-000-0000 ING Partners, Inc.
Scottsdale, AZ 00000-0000 Fax: 000-000-0000
xxx.xxxxxxxx.xxx
AMENDED SCHEDULE A
Series of ING Partners, Inc.
ING American Century Large Company Value Portfolio
ING American Century Select Portfolio
ING American Century Small Cap Value Portfolio
ING Baron Asset Portfolio
ING Baron Small Cap Growth Portfolio
ING Xxxxx Venture Value Portfolio
ING Fidelity(R) VIP Contrafund(R) Portfolio
ING Fidelity(R) VIP Equity-Income Portfolio
ING Fidelity(R) VIP Growth Portfolio
ING Fidelity(R) VIP Mid Cap Portfolio
ING Fundamental Research Portfolio
ING Xxxxxxx Xxxxx(R) Capital Growth Portfolio
ING Xxxxxxx Xxxxx(R) Core Equity Portfolio
ING JPMorgan Xxxxxxx International Portfolio
ING JPMorgan Mid Cap Value Portfolio
ING Lord Xxxxxx U.S. Government Securities Portfolio
ING MFS Capital Opportunities Portfolio
ING Xxxxxxxxx Xxxxxx Partners Portfolio
ING Xxxxxxxxx Xxxxxx Regency Portfolio
ING OpCap Balanced Value Portfolio
ING Xxxxxxxxxxx Global Portfolio
ING Xxxxxxxxxxx Strategic Income Portfolio
ING PIMCO Total Return Portfolio
ING Pioneer High Yield Portfolio
ING Salomon Brothers Aggressive Growth Portfolio
ING Salomon Brothers Large Cap Growth Portfolio
ING Solution 2015 Portfolio
ING Solution 2025 Portfolio
ING Solution 2035 Portfolio
ING Solution 2045 Portfolio
ING Solution Income Portfolio
ING X. Xxxx Price Diversified Mid Cap Growth Portfolio
ING X. Xxxx Price Growth Equity Portfolio
ING Xxxxxxxxx Foreign Equity Portfolio
ING UBS U.S. Large Cap Equity Portfolio
ING UBS U.S. Small Cap Growth Portfolio
ING Xxx Xxxxxx Xxxxxxxx Portfolio
ING Xxx Xxxxxx Equity and Income Portfolio
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AMENDED SCHEDULE B
Advisory Fees
SERIES ADVISORY FEES
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(As a percentage of average daily net assets)
ING American Century Large Company Value Portfolio 0.80%
ING American Century Select Portfolio 0.64%
ING American Century Small Cap Value Portfolio 1.00%
ING Baron Asset Portfolio 0.95%
ING Baron Small Cap Growth Portfolio 0.85%
ING Xxxxx Venture Value Portfolio 0.80%
ING Fidelity(R) VIP Contrafund(R) Portfolio 0.00% while Series invested in Master
0.58% for Standalone Series
ING Fidelity(R) VIP Equity-Income Portfolio 0.00% while Series invested in Master
0.48% for Standalone Series
ING Fidelity(R) VIP Growth Portfolio 0.00% while Series invested in Master
0.58% for Standalone Series
ING Fidelity(R) VIP Mid Cap Portfolio 0.00% while Series invested in Master
0.58% for Standalone Series
ING Fundamental Research Portfolio 0.60%
ING Xxxxxxx Xxxxx(R) Capital Growth Portfolio 0.85%
ING Xxxxxxx Xxxxx(R) Core Equity Portfolio 0.70%
ING JPMorgan International Portfolio 0.80%
ING JPMorgan Mid Cap Value Portfolio 0.75%
ING Lord Xxxxxx U.S. Government Securities Portfolio 0.47% on the first $250 million;
0.45% on assets over $250 million
ING MFS Capital Opportunities Portfolio 0.65%
ING Xxxxxxxxx Xxxxxx Partners Portfolio 0.60%
ING Xxxxxxxxx Xxxxxx Regency Portfolio 0.75%
ING OpCap Balanced Value Portfolio 0.80%
ING Xxxxxxxxxxx Global Portfolio 0.60%
ING Xxxxxxxxxxx Strategic Income Portfolio 0.50%
ING PIMCO Total Return Portfolio 0.50%
-3-
SERIES ADVISORY FEES
------ -------------
(As a percentage of average daily net assets)
ING Pioneer High Yield Portfolio 0.60% on the first $5 billion;
0.50% on the next $2 billion;
0.40% on the next $2 billion;
0.30% on assets over $9 billion
ING Salomon Brothers Aggressive Growth Portfolio 0.70% on the first $500 million;
0.65% on assets over $500 million
ING Salomon Brothers Large Cap Growth Portfolio 0.64%
ING Solution 2015 Portfolio 0.10%
ING Solution 2025 Portfolio 0.10%
ING Solution 2035 Portfolio 0.10%
ING Solution 2045 Portfolio 0.10%
ING Solution Income Portfolio 0.10%
ING X. Xxxx Price Diversified Mid Cap Growth Portfolio 0.64%
ING X. Xxxx Price Growth Equity Portfolio 0.60%
ING Xxxxxxxxx Foreign Equity Portfolio 0.80% on the first $500 million;
0.75% on assets over $500 million
ING UBS U.S. Large Cap Equity Portfolio 0.70% on the first $500 million;
0.65% on assets over $500 million
ING UBS U.S. Small Cap Growth Portfolio 0.90%
ING Xxx Xxxxxx Xxxxxxxx Portfolio 0.60%
ING Xxx Xxxxxx Equity and Income Portfolio 0.55%
-4-
