Directed Services, LLC
Exhibit 99.B(h)(8)(E)
Directed Services, LLC
0000 Xxxxxxxx Xxxxx, Xxxx Xxxxxxx, XX 00000
April 30, 2007
0000 Xxxx Xxxxxxxxxx Xxxxx Xxxx
Xxxxxxxxxx, Xxxxxxx 00000-0000
Re: Expense Limitations
Ladies and Gentlemen:
By our execution of this letter agreement (the “Agreement”), intending to be legally bound hereby, Directed Services, LLC (“DSL”), the Adviser to ING BlackRock Large Cap Growth Portfolio and ING Janus Contrarian Portfolio (the “Portfolios”), agrees that in order to increase the competitiveness of the established expense ratios of the Portfolios, DSL shall, from April 30, 2007 through May 1, 2009, waive all or a portion of its investment management fee and/or reimburse expenses in amounts necessary so that after such waivers and/or reimbursements, the maximum total operating expense ratios of the Portfolios shall be as follows:
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Maximum Operating Expense Ratios |
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Classes |
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Name of Fund |
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Adviser |
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Institutional |
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Service |
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Service 2 |
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ING BlackRock Large Cap Growth Portfolio |
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1.26 |
% |
0.66 |
% |
0.91 |
% |
1.06 |
% |
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ING Janus Contrarian Portfolio |
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1.34 |
% |
0.74 |
% |
0.99 |
% |
1.14 |
% |
Please indicate your agreement to this reduction in fee by executing below in the place indicated.
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Directed Services, LLC |
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By: |
/s/Xxxx Xxxxx |
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Xxxx Xxxxx |
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Vice President |
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Accepted: |
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By: |
/s/Xxxxxx X. Naka |
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Xxxxxx X. Naka |
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Executive Vice President |
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