[ING Letterhead] EXHIBIT (h)(20)
Xxxxxxx X. Xxxxxx
Executive Vice President
ING Funds Services, LLC
0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx
Xxxxxxxxxx, Xxxxxxx 00000
May 24, 2002
Pursuant to the Third Amended and Restated Administrative Services
Agreement dated August 1, 1998, restated April 30, 2000, amended May 9, 2001,
further amended November 2, 2001 and amended and restated March 1, 2002 between
Pilgrim Equity Trust and ING Pilgrim Group, LLC (renamed ING Equity Trust and
ING Funds Services, LLC, respectively, as of March 1, 2002) (the "Agreement"),
we hereby notify you of our intention to retain you as Administrator to render
administrative and other services to ING Principal Protection Fund IV, a newly
established series of ING Equity Trust, upon all of the terms and conditions set
forth in the Agreement. Upon your acceptance, the Agreement has been modified to
give effect to the foregoing by adding "ING Principal Protection Fund IV" to
Schedule A of the Agreement. The Amended Schedule A is attached hereto.
Please signify your acceptance to act as Administrator under the Agreement
with respect to ING Principal Protection Fund IV by signing below.
Very sincerely,
Xxxxxx X. Xxxx
Senior Vice President
ING Equity Trust
ACCEPTED AND AGREED TO:
ING Funds Services, LLC
By___________________________
Xxxxxxx X. Xxxxxx
Executive Vice President
FORM OF AMENDED SCHEDULE A
WITH RESPECT TO THE
THIRD AMENDED AND RESTATED
ADMINISTRATIVE SERVICES AGREEMENT
BETWEEN
PILGRIM EQUITY TRUST
AND
ING PILGRIM GROUP, LLC
(renamed ING Equity Trust and ING Funds Services, LLC,
respectively, as of March 1, 2002)
EFFECTIVE AS OF MAY 24, 2002
LAST CONTINUED/
SERIES APPROVED BY BOARD REAPPROVAL DATE
------ ----------------- ---------------
ING MidCap Opportunities Fund August 7, 2001 September 1, 2002
ING Principal Protection Fund August 7, 2001 September 1, 2002
ING Principal Protection Fund II November 2, 2001 September 1, 2003
ING MidCap Value Fund November 2, 2001 September 1, 2003
ING SmallCap Value Fund November 2, 2001 September 1, 2003
ING Principal Protection Fund III February 26, 2002 September 1, 2003
ING Biotechnology Fund February 26, 2002 September 1, 2003
ING Principal Protection Fund IV* May 24, 2002 September 1, 2003
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* This Amended and Restated Schedule A will be effective with respect to the
Fund upon the effective date of the initial Registration Statement with
respect to the Fund.
