October 15, 2012 Christopher Kurtz Vice President, Finance ING Investment Management Co. LLC One Orange Way, C1-N Windsor, CT 06095 Dear Mr. Kurtz:

(d)(3)(vii)

October 15, 2012

Xxxxxxxxxxx Xxxxx

Vice President, Finance

ING Investment Management Co. LLC

One Orange Way, C1-N

Windsor, CT 06095

Dear Xx. Xxxxx:

Pursuant to the Sub-Advisory Agreement dated August 1, 2003, as amended (the “Agreement”), between ING Investments, LLC and ING Investment Management Co., now known as ING Investment Management Co. LLC (“Sub-Adviser”), we hereby notify you of our intention to retain you as Sub-Adviser to render investment advisory services to ING Diversified Emerging Markets Debt Fund (the “Fund”), a new series of ING Mutual Funds, effective on October 15, 2012, 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 above-mentioned Fund to Amended Schedule A of the Agreement.  The Amended Schedule A, with the annual sub-advisory fee indicated for the Fund, is attached hereto.  The remaining terms and conditions set forth in the Agreement will remain unchanged.

Please signify your acceptance to act as Sub-Adviser under the Agreement with respect to the Fund by signing below.

Very sincerely,

/s/ Xxxx Xxxxx

Xxxx Xxxxx

Senior Vice President

ING Investments, LLC

ACCEPTED AND AGREED TO:

ING Investment Management Co. LLC

By:	/s/ Xxxxxxxxxxx Xxxxx
Name:	Xxxxxxxxxxx Xxxxx
Title:	VP Finance                                      , Duly Authorized

0000 X. Xxxxxxxxxx Xxxxx Xx., Xxxxx 000 Xxxxxxxxxx, XX 00000-0000 Tel: 000-000-0000 Fax: 000-000-0000 xxx.xxxxxxxx.xxx ING Investments, LLC

AMENDED SCHEDULE A

with respect to the

SUB-ADVISORY AGREEMENT

between

ING INVESTMENTS, LLC

and

ING INVESTMENT MANAGEMENT CO. LLC

Series		Annual Sub-Adviser Fee
		(as a percentage of average daily net assets allocated to the Sub-Adviser)
ING Diversified Emerging Markets Debt Fund		0.315%
ING Global Bond Fund		0.18%
ING Global Natural Resources Fund		0.4500% of first $50 million of assets 0.3375% for assets in excess of $50 million
ING Index Plus International Equity Fund		0.20%