Exhibit (d.18)
AMENDMENT
TO
INVESTMENT SUB-ADVISORY AGREEMENT
BETWEEN
ING LIFE INSURANCE AND ANNUITY COMPANY
AND
X. X. XXXXXX XXXXXXX ASSET MANAGEMENT (LONDON), LTD.
AMENDMENT made as of this 1st day of May, 2004, to the Investment
Sub-Advisory Agreement dated as of December 16, 2002, and amended June 3, 2003
(the "Agreement"), between ING Life Insurance and Annuity Company, an insurance
corporation organized and existing under the laws of the State of Connecticut
(the "Adviser"), and X. X. Xxxxxx Xxxxxxx Asset Management (London), Ltd., a
corporation organized and existing under the laws of England (the "Subadviser").
In consideration of the mutual covenants contained herein, the parties agree to
amend the Agreement as follows:
The following language is hereby added to the above referenced
Agreement:
Except where prohibited by applicable law or regulation, the
Subadviser may delegate any or all of its functions under this
Agreement to an affiliate and may employ a third party to perform any
accounting, administrative, reporting and ancillary services required
to enable the Subadviser to perform its functions under this Agreement,
but the Subadviser's liability to the Client shall not be affected
thereby. Notwithstanding any other provision of this Agreement, the
Subadviser may provide information about the Adviser and the Portfolio
to any other third party for the purposes of this clause.
This Amendment shall become effective as of the date first written
above.
Capitalized terms used herein and not otherwise defined shall have the
meanings ascribed to them in the Agreement.
Except as expressly amended and modified hereby, all provisions of the
Agreement shall remain in full force and effect.
IN WITNESS WHEREOF, intending to be legally bound hereby, the parties
hereto have caused this instrument to be executed by their duly authorized
signatories the date and year first above written.
ING LIFE INSURANCE AND ANNUITY COMPANY
By: /s/ Xxxxxx X. Xxxxxxxxxxx
-------------------------------
Xxxxxx X. Tillighast
Title: Vice President
X. X. XXXXXX XXXXXXX
ASSET MANAGEMENT (LONDON), LTD.
By: /s/ Xxxxx Xxxxx
-------------------------------
Xxxxx Xxxxx
Title: Vice President
