Directed Services, LLC
Exhibit 99.B(d)(1)(A)(v)
Directed Services, LLC
0000 Xxxxxxxx Xxxxx, Xxxx Xxxxxxx, XX 00000
May 1, 2007
0000 X. Xxxxxxxxxx Xxxxx Xx.
Scottsdale, AZ 85258
Ladies and Gentlemen:
Pursuant to our letter agreement dated April 29, 2005, we have reduced our annual investment management fees for ING Capital Guardian U.S. Equities Portfolio, ING JPMorgan Small Cap Core Equity Portfolio, and ING UBS U.S. Allocation Portfolio (the “Portfolios”) by amounts corresponding to the April 29, 2005 sub-advisory fee reductions by Capital Guardian Trust Company, X.X. Xxxxxx Investment Management Inc., and UBS Global Asset Management (Americas) Inc.(the “Reductions”).
The Reductions are calculated as follows:
Reduction = 50% x (former sub-advisory fee - new sub-advisory fee)
By this letter, we agree to continue the Reductions for the period May 1, 2007 through May 1, 2008.
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 |
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Agreed and Accepted:
(on behalf of the Portfolios)
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By: |
/s/Xxxxxx X. Xxxx |
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Xxxxxx X. Xxxx |
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Executive Vice President |
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