Directed Services LLC
Exhibit 99.B(d)(1)(A)(iv)
Directed Services LLC
0000 Xxxxxxxx Xxxxx, Xxxx Xxxxxxx, XX 00000
April 1, 2009
0000 X. Xxxxxxxxxx Xxxxx Xx.
Scottsdale, AZ 85258
Ladies and Gentlemen:
Pursuant to the Portfolio Management Agreement dated April 30, 2001, as amended, among Pacific Investment Management Company LLC, ING Investors Trust and Directed Services LLC, (the “Portfolio Management Agreement”) the portfolio management fee for ING PIMCO Core Bond Portfolio (the “Portfolio”) was reduced April 1, 2008.
By our execution of this letter agreement, we hereby notify you of our intention to lower the annual investment management fee for the Portfolio with a corresponding reduction (the “Reduction”) for the period from April 1, 2009 through and including April 1, 2010. The Reduction shall be calculated as follows:
The Reduction is calculated as follows:
Reduction = 50% x (the savings to Directed Services LLC from the April 1, 2008 expense reductions)
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 |
Agreed and Accepted:
(on behalf of the Portfolio)
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By: |
/s/ Xxxxxxxx X. Xxxxxxxx |
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Xxxxxxxx X. Xxxxxxxx |
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Senior Vice President |
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