February 1, 2009 Paul Mahan
Exhibit 99.B(d)(2)(P)(i)
February 1, 2009
Xxxx Xxxxx
Pioneer Investment Management, Inc.
00 Xxxxx Xxxxxx, 17th Floor
Boston, MA 02109
Dear Xx. Xxxxx:
Pursuant to Section 6 of the Portfolio Management Agreement dated April 29, 2005, as amended, among ING Investors Trust, Directed Services LLC and Pioneer Investment Management, Inc. (the “Agreement”) we hereby notify you of our intention to modify the fees payable to Pioneer Investment Management, Inc. for ING Pioneer Equity Income Portfolio and ING Pioneer Fund Portfolio (together, the “Portfolios”), effective February 1, 2009, 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 amending Amended Schedule A of the Agreement. The Amended Schedule A, which indicates the annual portfolio management fees for the Portfolios, is attached hereto.
Please signify your acceptance to the modified portfolio management fees, with respect to the Portfolios, by signing below.
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Very sincerely, |
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/s/ Xxxx Xxxxx |
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Xxxx Xxxxx |
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Senior Vice President |
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ACCEPTED AND AGREED TO:
Pioneer Investment Management, Inc.
By: |
/s/ Xxxxx Xxxxxxx |
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Name: |
Xxxxx Xxxxxxx |
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Title: |
SVP and CEO, Duly Authorized |
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0000 X. Xxxxxxxxxx Xxxxx Xx. |
Tel: 000-000-0000 |
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Scottsdale, AZ 00000-0000 |
Fax: 000-000-0000 |
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xxx.xxxxxxxx.xxx |
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AMENDED SCHEDULE A
COMPENSATION FOR SERVICES TO SERIES
For the services provided by Pioneer Investment Management, Inc. (the “Portfolio Manager”) to the following Series of the Trust, pursuant to the attached Portfolio Management Agreement, Directed Services LLC will pay the Portfolio Manager a fee, computed daily and payable monthly, based on the average daily net assets of the Series at the following annual rates of the average daily net assets of the Series:
SERIES |
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RATE |
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ING Pioneer Equity Income Portfolio and ING Pioneer Fund Portfolio |
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0.30% on all assets |
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ING Pioneer Mid Cap Value Portfolio |
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0.35% on the first $1 billion in assets; 0.30% on the next $500 million in assets; and 0.25% on assets thereafter |
If this Agreement becomes effective or terminates before the end of any month, the fee for the period from the effective date to the end of the month or from the beginning of such month to the date of termination, as the case may be, shall be prorated according to the proportion that such period bears to the full month in which such effectiveness or termination occurs.
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