Directed Services LLC
Exhibit 99.B(d)(1)(A)(vii)
Directed Services LLC
0000 Xxxxxxxx Xxxxx, Xxxx Xxxxxxx, XX 00000
September 6, 2008
0000 X. Xxxxxxxxxx Xxxxx Xx.
Xxxxxxxxxx, XX 00000
Ladies and Gentlemen:
Pursuant to the Portfolio Management Agreement dated April 29, 2005, among Pioneer Investment Management, Inc., ING Investors Trust and Directed Services LLC, (the “Portfolio Management Agreement”) the sub-advisory fee for ING Pioneer Mid Cap Value Portfolio (the “Portfolio”) was reduced to be effective on September 6, 2008.
By our execution of this letter agreement, we hereby notify you of our intention to lower the annual investment management fee for the Portfolio with a corresponding reduction (the “Reduction”), subject to shareholder approval of the reorganization of ING Xxxxx Fargo Disciplined Value Portfolio with and into the Portfolio (the “Reorganization”), for the period from September 6, 2008 through and including September 6, 2009. The Reduction shall be calculated as follows:
The Reduction is calculated as follows:
Reduction = 50% x (the savings to Directed Services LLC from the September 6, 2008 expense reduction)
Please indicate your agreement to these Reductions by executing below in the place indicated.
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Very sincerely, |
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/s/ Xxxx Xxxxx |
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Xxxx Xxxxx |
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Vice President |
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Directed Services LLC |
Agreed and Accepted:
(on behalf of the Portfolio)
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By: |
/s/ Xxxxxxxx X. Xxxxxxxx |
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Xxxxxxxx X. Xxxxxxxx |
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Senior Vice President |
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