Exhibit - (d)(1)(i)
[ING FUNDS LOGO]
December 28, 2005
Xxxx Xxxxx
Senior Vice President
ING Investments, LLC
0000 X. Xxxxxxxxxx Xxxxx Xxxx
Xxxxxxxxxx, XX 00000
Dear Xx. Xxxxx:
Pursuant to the Second Amended and Restated Investment Management
Agreement dated February 1, 2005, between ING Equity Trust and ING Investments,
LLC (the "Agreement") we hereby notify you of our intention to retain you as
Manager to render investment advisory services to ING Fundamental Research Fund
and ING Opportunistic LargeCap Fund, two newly established series of ING Equity
Trust (the "Funds"), effective December 28, 2005, 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 Funds
to AMENDED SCHEDULE A of the Agreement. The AMENDED SCHEDULE A, with the annual
investment management fee indicated for the Funds, is attached hereto.
Please signify your acceptance to act as Manager under the Agreement with
respect to the aforementioned Funds.
Very sincerely,
/s/ Xxxxxx X. Xxxx
Xxxxxx X. Xxxx
Senior Vice President
ING Equity Trust
ACCEPTED AND AGREED TO:
ING Investments, LLC
By: /s/ Xxxx Xxxxx
-------------------------
Xxxx Xxxxx
Senior Vice President
0000 X. Xxxxxxxxxx Xxxxx Xx. Tel: 000-000-0000 ING Equity Trust
Scottsdale, AZ 00000-0000 Fax: 000-000-0000
xxx.xxxxxxxx.xxx
AMENDED SCHEDULE A
WITH RESPECT TO THE
SECOND AMENDED AND RESTATED
INVESTMENT MANAGEMENT AGREEMENT
BETWEEN
ING EQUITY TRUST
AND
ING INVESTMENTS, LLC
ANNUAL INVESTMENT MANAGEMENT FEE
SERIES (as a percentage of average daily net assets)
ING Disciplined LargeCap Fund 0.70%
ING Fundamental Research Fund 0.70% on first $500 million of assets
0.65% on next $500 million of assets
0.60% thereafter
ING LargeCap Value Fund 0.90% on first $50 million of assets
0.85% on next $450 million of assets
0.80% thereafter
ING MidCap Opportunities Fund 1.00% on first $500 million of assets
0.90% thereafter
ING MidCap Value Choice Fund 1.00%
ING MidCap Value Fund 1.00% on first $50 million of assets
0.90% thereafter
ING Opportunistic LargeCap Fun 0.70% on first $500 million of assets
0.65% on next $500 million of assets
0.60% thereafter
ING Real Estate Fund 0.70%
ING SmallCap Opportunities Fund 1.00% on the first $100 million of assets
0.90% on the next $150 million of assets
0.80% on the next $250 million of assets
0.75% of assets in excess of $500 million
1
ANNUAL INVESTMENT MANAGEMENT FEE
SERIES (as a percentage of average daily net assets)
ING SmallCap Value Choice Fund 1.00%
ING SmallCap Value Fund 1.00% on first $50 million of assets
0.90% thereafter
2
