EXHIBIT - (d)(1)(i)
FIRST AMENDMENT TO INVESTMENT MANAGEMENT AGREEMENT
ING INVESTMENT FUNDS, INC.
This First Amendment, effective as of September 2, 2004, amends the
Amended and Restated Investment Management Agreement (the "Agreement") dated
February 25,2003 between ING Investment Funds, Inc. (the "Company"), a Maryland
corporation and ING Investments, LLC, an Arizona limited liability company (the
"Manager"), with regards to ING MagnaCap Fund, a Series of the Company.
W I T N E S S E T H
WHEREAS, the parties desire to amend the Agreement and agree that the
amendment will be effective as of September 2, 2004.
NOW, THEREFORE, the parties agree as follows:
1. Section 7 of the Agreement is hereby amended by inserting the words
"Board approved" in front of "trade association dues."
2. In all other respects, the Agreement is hereby confirmed and remains
in full force and effect.
IN WITNESS WHEREOF, the parties hereto have caused this instrument to be
executed as of the day and year first above written.
ING INVESTMENT FUNDS, INC.
BY: /s/ Xxxxxx X. Naka
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Xxxxxx X. Naka
Senior Vice President
ING INVESTMENTS, LLC
By: /s/ Xxxxxxx X. Xxxxxx
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Xxxxxxx X. Xxxxxx
Executive Vice President
