Contract

(d)(1)(iv)

May 7, 2013

ING Variable Portfolios, Inc.

0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx

Suite 100

Scottsdale, Arizona 85258-2034

Re:    Advisory Fee Waiver

Ladies and Gentlemen:

By our execution of this letter agreement (the “Agreement”), intending to be legally bound hereby, ING Investments, LLC (“ING Investments”), the Adviser to ING Xxxxxxx™ Large Cap Growth Index Portfolio and ING Xxxxxxx™ Large Cap Value Index Portfolio (together, the “Portfolios”), agrees that ING Investments shall, from May 7, 2013 through May 1, 2014, waive all or a portion of its investment management fee and/or reimburse expenses in amounts necessary so that after such waivers and/or reimbursements, the maximum total operating expense ratios, excluding acquired fund fees and expenses, of the Portfolios shall be as follows:

Name of Fund		Maximum Operating Expense Ratios (as a percentage of average net assets)
		Adviser Class		Class I		Class S
ING Xxxxxxx™ Large Cap Growth Index Portfolio		1.00%		0.50%		0.75%
ING Xxxxxxx™ Large Cap Value Index Portfolio		1.00%		0.50%		0.75%

ING Investments acknowledges that any fees waived or expenses reimbursed during the term of this Agreement shall not be eligible for recoupment at any time in the future.

Notwithstanding the foregoing, termination or modification of this letter requires approval by the Board of Directors of ING Variable Portfolios, Inc.

ING Investments, LLC
By:		/s/ Xxxx Xxxxx
		Xxxx Xxxxx
		Senior Vice President

Your signature below acknowledges

acceptance of this Agreement:

By:		/s/ Xxxxxxx X. Xxxxxx
		Xxxxxxx X. Xxxxxx
		Executive Vice President
		ING Variable Portfolios, Inc.

0000 X. Xxxxxxxxxx Xxxxx Xx. Suite 100 Scottsdale, AZ 00000-0000 Tel: 000-000-0000 Fax: 000-000-0000 xxx.xxxxxxxx.xxx ING Investments, LLC