Exhibit (d)(2)(i)
FIRST AMENDMENT TO INVESTMENT MANAGEMENT AGREEMENT
ING EQUITY TRUST
This First Amendment, effective as of September 2, 2004, amends the
Investment Management Agreement (the "Agreement") dated May 9, 2001 between ING
Equity Trust (the "Trust"), a Massachusetts business trust and ING Investments,
LLC, an Arizona limited liability company (the "Manager"), with regards to ING
Principal Protection Fund, ING Principal Protection Fund II, ING Principal
Protection Fund III, ING Principal Protection Fund IV, ING Principal Protection
Fund V, ING Principal Protection Fund VI, ING Principal Protection Fund VII, ING
Principal Protection Fund VIII, ING Principal Protection Fund IX, ING Principal
Protection Fund X, ING Principal Protection Fund XI, ING Principal Protection
Fund XII, ING Principal Protection Fund XIII and ING Principal Protection Fund
XIV, each a Series of the Trust, and any future Series of the Trust that may
become party to the Agreement.
WITNESSETH
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 8 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 EQUITY TRUST
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
