Exhibit (d.13)
AMENDMENT
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
ING LIFE INSURANCE AND ANNUITY COMPANY
AND
AMERICAN CENTURY INVESTMENT MANAGEMENT, INC.
AMENDMENT made as of this 30th day of June, 2003, to the Investment
Sub-Advisory Agreement dated as of March 29, 2002 (the "Agreement"), between ING
Life Insurance and Annuity Company, an insurance corporation organized and
existing under the laws of the State of Connecticut (the "Adviser"), and
American Century Investment Management, Inc., a corporation organized and
existing under the laws of Delaware (the "Subadviser"). In consideration of the
mutual covenants contained herein, the parties agree to amend the Agreement as
follows:
Replace the first sentence of Paragraph 5 of the Agreement with the
following:
NON-EXCLUSIVITY. The services of the Subadviser to the Portfolio[s] and the
Company are not to be deemed to be exclusive, and the Subadviser shall be free
to render investment advisory or other services to others (including other
investment companies) and to engage in other activities, provided however, that
the Subadviser may not consult with any other sub-adviser of the Company
concerning transactions in securities or other assets for any investment
portfolio of the Company, including the Portfolio[s], except that such
consultations are permitted between the current and successor sub-advisers of a
portfolio in order to effect an orderly transition of sub-advisory duties so
long as such consultations are not concerning transactions prohibited by Section
17(a) of the Investment Company Act of 1940, as amended. It is understood and
agreed that the directors, officers, and employees of the Subadviser are not
prohibited from engaging in any other business activity or from rendering
services to any other person, or from serving as partners, officers, directors,
trustees, or employees of any other firm or corporation, including other
investment companies.
This Amendment shall become effective as of the date first written above.
Capitalized terms used herein and not otherwise defined shall have the
meanings ascribed to them in the Agreement.
Except as expressly amended and modified hereby, all provisions of the
Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, intending to be legally bound hereby, the parties
hereto have caused this instrument to be executed by their duly authorized
signatories the date and year first above written.
ING LIFE INSURANCE AND ANNUITY
Attest: COMPANY
/s/ Xxxx X. Xxxxx By: /s/ Xxxxxx X. Xxxxxxxxxxx
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Xxxx X Xxxxx Xxxxxx X. Xxxxxxxxxxx
Assistant Secretary Title: Vice President
AMERICAN CENTURY INVESTMENT
Attest: MANAGEMENT, INC.
/s/ Xxxxx Xxxxxxxxx By: /s/ Xxxxxxx X. Xxxxx
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Xxxxx Xxxxxxxxx Xxxxxxx X. Xxxxx
Title: President