Exhibit (h)(1)(iii)
[ING FUNDS LOGO]
December 1, 2004
Xxxxxxx X. Xxxxxx
Executive Vice President
ING Funds Services, LLC
0000 X. Xxxxxxxxxx Xxxxx Xxxx
Xxxxxxxxxx, XX 00000
Dear Xx. Xxxxxx:
Pursuant to the Administrative Services Agreement dated November 19, 2003,
between ING Partners, Inc. and ING Funds Services, LLC (the "Agreement") we
hereby notify you of our intention to (1) retain you as Administrator to render
administrative and other services to ING LifeGoals 2015 Portfolio, ING LifeGoals
2025 Portfolio, ING LifeGoals 2035 Portfolio, ING LifeGoals 2045 Portfolio, and
ING LifeGoals Income Portfolio, five newly established series of ING Partners,
Inc. (the "New Funds"), and (2) modify the annual administrative services fees
for ING American Century Select Portfolio, ING Xxxxxxxxxxx Global Portfolio, ING
Salomon Brothers Large Cap Growth Portfolio, ING X. Xxxx Price Diversified Mid
Cap Growth Portfolio, and ING Xxx Xxxxxx Equity and Income Portfolio, upon all
of the terms and conditions set forth in the Agreement. Upon your acceptance,
the Agreement will be modified to give effect to the foregoing by adding the New
Funds to and lowering the annual administrative services fees on AMENDED
SCHEDULE A of the Agreement. The AMENDED SCHEDULE A is attached hereto.
AMENDED SCHEDULE A was also updated to reflect name changes of ING Xxxxx
Aggressive Growth Portfolio to ING X. Xxxx Price Diversified Mid Cap Growth
Portfolio, ING Xxxxx Capital Appreciation Portfolio to ING Salomon Brothers
Large Cap Growth Portfolio, ING Xxxxx Growth Portfolio to ING American Century
Select Portfolio, ING MFS Global Growth Portfolio to ING Xxxxxxxxxxx Global
Portfolio and ING UBS U.S. Allocation Portfolio to ING Xxx Xxxxxx Equity and
Income Portfolio.
0000 X. Xxxxxxxxxx Xxxxx Xx. Tel: 000-000-0000 ING Partners, Inc.
Scottsdale, AZ 00000-0000 Fax: 000-000-0000
xxx.xxxxxxxx.xxx
Please signify your acceptance to act as Administrator under the Agreement
with respect to the aforementioned New Funds.
Very sincerely,
/s/ Xxxxxx X. Xxxxxxxxxxx
Xxxxxx X. Xxxxxxxxxxx
Vice President
ING Partners, Inc.
ACCEPTED AND AGREED TO:
ING Funds Services, LLC
By: /s/ Xxxxxxx X. Xxxxxx
-----------------------------
Xxxxxxx X. Xxxxxx
Executive Vice President
AMENDED SCHEDULE A
SERIES OF ING PARTNERS, INC.
ING Aeltus Enhanced Index Portfolio
ING American Century Select Portfolio
ING American Century Small Cap Value Portfolio
ING Baron Small Cap Growth Portfolio
ING Fidelity(R) VIP Contrafund(R) Portfolio
ING Fidelity(R) VIP Equity Income Portfolio
ING Fidelity(R) VIP Growth Portfolio
ING Fidelity(R) VIP Mid Cap Portfolio
ING Xxxxxxx Xxxxx(R) Capital Growth Portfolio
ING Xxxxxxx Xxxxx(R) Core Equity Portfolio
ING JPMorgan Xxxxxxx International Portfolio
ING JPMorgan Mid Cap Value Portfolio
ING LifeGoals 2015 Portfolio
ING LifeGoals 2025 Portfolio
ING LifeGoals 2035 Portfolio
ING LifeGoals 2045 Portfolio
ING LifeGoals Income Portfolio
ING MFS Capital Opportunities Portfolio
ING OpCap Balanced Value Portfolio
ING Xxxxxxxxxxx Global Portfolio
ING Xxxxxxxxxxx Strategic Income Portfolio
ING PIMCO Total Return Portfolio
ING Salomon Brothers Aggressive Growth Portfolio
ING Salomon Brothers Fundamental Value Portfolio
ING Salomon Brothers Investors Value Portfolio
ING Salomon Brothers Large Cap Growth Portfolio
ING X. Xxxx Price Diversified Mid Cap Growth Portfolio
ING X. Xxxx Price Growth Equity Portfolio
ING UBS U.S. Large Cap Equity Portfolio
ING Xxx Xxxxxx Xxxxxxxx Portfolio
ING Xxx Xxxxxx Equity and Income Portfolio
AMENDED SCHEDULE B
ADMINISTRATIVE SERVICES FEES
SERIES FEES
------ ----
ING Aeltus Enhanced Index Portfolio 0.20%
ING American Century Select Portfolio 0.02%
ING American Century Small Cap Value Portfolio 0.40%
ING Baron Small Cap Growth Portfolio 0.40%
ING Fidelity(R) VIP Contrafund(R) Portfolio 0.05% while Series invested in Master
0.15% for Stand-alone Series
ING Fidelity(R) VIP Equity Income Portfolio 0.05% while Series invested in Master
0.15% for Stand-alone Series
ING Fidelity(R) VIP Growth Portfolio 0.05% while Series invested in Master
0.15% for Stand-alone Series
ING Fidelity(R) VIP Mid Cap Portfolio 0.05% while Series invested in Master
0.17% for Stand-alone Series
ING Xxxxxxx Xxxxx(R) Capital Growth Portfolio 0.20%
ING Xxxxxxx Xxxxx(R) Core Equity Portfolio 0.20%
ING JPMorgan Xxxxxxx International Portfolio 0.20%
ING JPMorgan Mid Cap Value Portfolio 0.35%
ING LifeGoals 2015 Portfolio 0.02%
ING LifeGoals 2025 Portfolio 0.02%
ING LifeGoals 2035 Portfolio 0.02%
ING LifeGoals 2045 Portfolio 0.02%
ING LifeGoals Income Portfolio 0.02%
ING MFS Capital Opportunities Portfolio 0.25%
ING OpCap Balanced Value Portfolio 0.20%
SERIES FEES
------ ----
ING Xxxxxxxxxxx Global Portfolio 0.06%
ING Xxxxxxxxxxx Strategic Income Portfolio 0.04%
ING PIMCO Total Return Portfolio 0.35%
ING Salomon Brothers Aggressive Growth Portfolio 0.13%
ING Salomon Brothers Fundamental Value Portfolio 0.20%
ING Salomon Brothers Investors Value Portfolio 0.20%
ING Salomon Brothers Large Cap Growth Portfolio 0.23%
ING X. Xxxx Price Diversified Mid Cap Growth Portfolio 0.02%
ING X. Xxxx Price Growth Equity Portfolio 0.15%
ING UBS U.S. Large Cap Equity Portfolio 0.15%
XXX Xxx Xxxxxx Xxxxxxxx Portfolio 0.35%
ING Xxx Xxxxxx Equity and Income Portfolio 0.02%
