(d)(2)(iv)
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July 31, 2007
ING Investors Trust
7337 E. Doubletree Ranch Rd.
Scottsdale, AZ 85258
Ladies and Gentlemen:
Pursuant to our letter agreement dated July 31, 2007, we have reduced our
annual investment management fees for ING Foreign Fund by amounts corresponding
to the July 31, 2007 sub-advisory fee reduction by Xxxxxx Xxxx Investment
Management, Inc. (the "Reduction").
The Reduction is calculated as follows:
Reduction = 50% x (former sub-advisory fee - new sub-advisory fee)
By this letter, we agree to continue the Reduction for the period July 31,
2007 through March 1, 2009.
Please indicate your agreement to this Reduction by executing below in the
place indicated.
Very sincerely,
/s/ Xxxx Xxxxx
------------------------------
Xxxx Xxxxx
Vice President
ING Investments, LLC
Agreed and Accepted:
ING Mutual Funds
(on behalf of the Fund)
By: /s/ Xxxxxxxx X. Xxxxxxxx
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Xxxxxxxx X. Xxxxxxxx
Senior Vice President
0000 X. Xxxxxxxxxx Xxxxx Xx. Tel: 000-000-0000 ING Investments, LLC
Scottsdale, AZ 00000-0000 Fax: 000-000-0000
