Exhibit-(d)(1)(i)
FIRST AMENDMENT TO INVESTMENT MANAGEMENT AGREEMENT
ING VP NATURAL RESOURCES TRUST
This First Amendment, effective as of September 2, 2004, amends the
Investment Management Agreement (the "Agreement") dated September 1, 2000
between ING VP Natural Resources Trust (the "Trust"), a Massachusetts business
trust and ING Investments, LLC, an Arizona limited liability company (the
"Manager"), with regards to ING VP Natural Resources Trust, a Series of the
Trust.
WITNESSETH
WHEREAS, the parties desire to amend the Agreement and agree that the
amendment will be effective as of September 2, 2004.
NOW, THEREFORE, the parties agree as follows:
1. Section 8 of the Agreement is hereby amended by inserting the words
"Board approved" in front of "trade association dues."
2. In all other respects, the Agreement is hereby confirmed and remains in
full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this instrument to be
executed as of the day and year first above written.
ING VP NATURAL RESOURCES TRUST
By: /s/ Xxxxxx X. Naka
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Xxxxxx X. Naka
Senior Vice President
ING INVESTMENTS, LLC
By: /s/ Xxxxxxx X. Xxxxxx
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Xxxxxxx X. Xxxxxx
Executive Vice President
