Exhibit (d)(1)(i)
FIRST AMENDMENT TO INVESTMENT MANAGEMENT AGREEMENT
ING VP EMERGING MARKETS FUND, INC.
This First Amendment, effective as of September 2, 2004, amends the
Investment Management Agreement (the "Agreement") dated September 1,2000 between
ING VP Emerging Markets Fund, Inc. (the "Company"), a Maryland corporation and
ING Investments, LLC, an Arizona limited liability company (the "Manager"), with
regards to ING VP Emerging Markets Fund, a Series of the Company.
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 EMERGING MARKETS FUND, INC.
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
