Exhibit 99.B(d)(2)(v)
[ING FUNDS LOGO]
March 30, 2005
Xxxxxxx Xxxxxxx
Senior Vice President
ING Investment Management Co.
00 Xxxxx Xxxxx Xxxxxx
Xxxxxxxx, XX 00000-0000
Dear Xx. Xxxxxxx:
Pursuant to Section 1 of the Sub-Advisory Agreement dated February 25,
2003, as amended, between ING Investments, LLC and ING Investment Management Co.
(the "Agreement") we hereby notify you of our intention to retain you as
Sub-Adviser to render investment advisory services to ING GET U.S. Core
Portfolio - Series 10, ING GET U.S. Core Portfolio - Series 11, and ING GET U.S.
Core Portfolio - Series 12, each a newly established series of ING Variable
Insurance Trust (the "Portfolios"), upon all of the terms and conditions set
forth in the Agreement. Upon your acceptance, the Agreement will be modified to
give effect to the foregoing by adding the above-mentioned Portfolios to AMENDED
SCHEDULE A of the Agreement. The AMENDED SCHEDULE A, with the annual
sub-advisory fees indicated for the Portfolios, is attached hereto.
AMENDED SCHEDULE A has also been updated to reflect the removal of ING VP
Worldwide Growth Portfolio.
Please signify your acceptance to act as Sub-Adviser under the Agreement
with respect to the Portfolios by signing below.
Very sincerely,
/s/ Xxxxxxx X. Xxxxxx
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Xxxxxxx X. Xxxxxx
Executive Vice President
ING Investments, LLC
ACCEPTED AND AGREED TO:
ING Investment Management Co.
By: /s/ Xxxxxxx Xxxxxxx
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Name: Xxxxxxx Xxxxxxx
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Title: Senior Vice President, Duly Authorized
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0000 X. Xxxxxxxxxx Xxxxx Xx. Tel: 000-000-0000 ING Investments, LLC
Scottsdale, AZ 00000-0000 Fax: 000-000-0000 xxx.xxxxxxxx.xxx
AMENDED SCHEDULE A
TO THE
SUB-ADVISORY AGREEMENT
BETWEEN
ING INVESTMENTS, LLC
AND
ING INVESTMENT MANAGEMENT CO.
NAME OF FUND ANNUAL SUB-ADVISORY FEE
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(AS A PERCENTAGE OF AVERAGE DAILY NET ASSETS)
ING GET U.S. Core Portfolio - Series 1 0.1125% Offering Period
0.270% Guarantee Period
ING GET U.S. Core Portfolio - Series 2 0.1125% Offering Period
0.270% Guarantee Period
ING GET U.S. Core Portfolio - Series 3 0.1125% Offering Period
0.270% Guarantee Period
ING GET U.S. Core Portfolio - Series 4 0.1125% Offering Period
0.270% Guarantee Period
ING GET U.S. Core Portfolio - Series 5 0.1125% Offering Period
0.270% Guarantee Period
ING GET U.S. Core Portfolio - Series 6 0.1125% Offering Period
0.270% Guarantee Period
ING GET U.S. Core Portfolio - Series 7 0.1125% Offering Period
0.270% Guarantee Period
ING GET U.S. Core Portfolio - Series 8 0.1125% Offering Period
0.270% Guarantee Period
ING GET U.S. Core Portfolio - Series 9 0.1125% Offering Period
0.270% Guarantee Period
ING GET U.S. Core Portfolio - Series 10 0.1125% Offering Period
0.270% Guarantee Period
NAME OF FUND ANNUAL SUB-ADVISORY FEE
------------ -----------------------
(AS A PERCENTAGE OF AVERAGE DAILY NET ASSETS)
ING GET U.S. Core Portfolio - Series 11 0.1125% Offering Period
0.270% Guarantee Period
ING GET U.S. Core Portfolio - Series 12 0.1125% Offering Period
0.270% Guarantee Period
ING GET U.S. Opportunity Portfolio - Series 1 0.1125% Offering Period
0.3375% Guarantee Period
0.1125% Offering Period
ING GET U.S. Opportunity Portfolio - Series 2 0.3375% Guarantee Period
