Exhibit (h)(5)(i)
AMENDMENT TO ADMINISTRATION AGREEMENT
ING EQUITY TRUST
This Amendment, effective as of November 10, 2004, amends the
Administration Agreement (the "Agreement") dated the 23rd day of September 2002,
between ING Funds Services, LLC, a Delaware limited liability company (the
"Administrator") and ING Equity Trust, a Massachusetts business trust (the
"Trust").
WITNESSETH
WHEREAS, the parties desire to amend the Agreement and agree that the
amendment will be effective as of November 10, 2004.
NOW, THEREFORE, the parties agree as follows:
1. The second paragraph of Section 6 is hereby deleted in its entirety and
replaced the following:
With respect to ING Disciplined LargeCap Fund, ING MidCap
Opportunities Fund, and ING SmallCap Opportunities Fund only, in
consideration of the services rendered pursuant to Section 2(a)(xi) of this
Agreement, the Administrator shall receive an additional fee of $5.00 per
year per account of each beneficial holder of shares in the Series, which
shall be payable no later than January 31 of the following year.
2. Capitalized terms used herein and not otherwise defined shall have the
meanings ascribed to them in the Agreement.
3. 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 FUNDS SERVICES, LLC
By: /s/ Xxxxxx X. Naka
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Xxxxxx X. Naka
Senior Vice President
ING EQUITY TRUST
By: Xxxx Xxxxx
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Xxxx Xxxxx
Vice President
