March 1, 2009
Exhibit 77(e)(1)
March 1, 2009
0000 X. Xxxxxxxxxx Xxxxx Xx.
Scottsdale, AZ 85258
Ladies and Gentlemen:
Pursuant to our letter agreement dated July 31, 2007, we have reduced our annual investment management fees for ING Foreign Fund by amounts corresponding to the July 31, 2007 sub-advisory fee reduction by Xxxxxx Xxxx Investment Management, Inc. (the “Reduction”).
The Reduction is calculated as follows:
Reduction = 50% x (the savings to ING Investments, LLC from the July 31, 2007
sub-advisory fee reduction)
By this letter, we agree to continue the Reduction for the period March 1, 2009 through March 1, 2010.
Please indicate your agreement to this Reduction by executing below in the place indicated.
Very sincerely,
/s/ Xxxx Xxxxx
Xxxx Xxxxx
Senior Vice President
ING Investments, LLC
Agreed and Accepted:
(on behalf of the Fund)
By: /s/ Xxxxxxxx X. Xxxxxxxx
Xxxxxxxx X. Xxxxxxxx
Senior Vice President
|
0000 X. Xxxxxxxxxx Xxxxx Xx.
Scottsdale, AZ 00000-0000 |
Tel: 000-000-0000
Fax: 000-000-0000 |
ING Investments, LLC |
