Exhibit 99.B(d)(2)(BB)(ii)
DIRECTED SERVICES, INC.
0000 Xxxxxxxx Xxxxx, Xxxx Xxxxxxx, XX 00000
August 26, 2005
Xxxx Xxxx
Xxxxx Capital Management, Inc.
000 Xxxxx Xxxxx Xxx., Xxxxx 0000
Xxx Xxxxxxx, XX 00000
Re: Investment Capacity for ING Xxxxx Fargo Mid Cap Disciplined Portfolio
Dear Xx. Xxxx:
This letter reflects discussions between, and confirms the understanding reached
by, Directed Services, Inc. ("DSI") and Xxxxx Capital Management, Inc. ("Xxxxx
Capital") with respect to Xxxxx Capital's commitment to provide at least $600
million of management capacity to ING Xxxxxxxx Equity Opportunities Portfolio,
to be renamed ING Xxxxx Fargo Mid Cap Disciplined Portfolio, a series of ING
Investors Trust (the "Portfolio").
DSI is engaging Xxxxx Capital to provide portfolio management services to the
Portfolio, effective August 29, 2005. Xxxxx Capital has agreed to serve as
portfolio manager to the Portfolio in accordance with the terms of a separate
portfolio management agreement (the "Portfolio Management Agreement") to be
entered into by DSI and Xxxxx Capital.
Xxxxx Capital agrees that, subject to its fiduciary duties to the Portfolio
under the Portfolio Management Agreement, Xxxxx Capital will provide $600
million of capacity to the Portfolio in the investment styles associated with
the Portfolio. Once this $600 million in capacity has been reached, Xxxxx
Capital and DSI will discuss the merits of Xxxxx Capital's allocating additional
capacity to DSI.
Please indicate your agreement to the above by signing below.
Sincerely,
/s/ Xxxxx Xxxx
Xxxxx Xxxx
Vice President
Directed Services, Inc.
Agreed and Accepted by:
Xxxxx Capital Management, Inc.
By: Xxxx Xxxx
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Name: Xxxx Xxxx
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Title: Executive Vice President
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