Exhibit (d)(1)(i)
[ING FUNDS LOGO]
November 11, 2003
Xxxxxxx X. Xxxxxx
Executive Vice President
ING Investments, LLC
0000 X. Xxxxxxxxxx Xxxxx Xxxx
Xxxxxxxxxx, XX 00000
Pursuant to the Amended and Restated Investment Management Agreement dated
September 23, 2002 between ING Equity Trust and ING Investments, LLC (the
"Agreement") we hereby notify you of our intention to retain you as Manager to
render investment advisory services to ING LargeCap Value Fund (the "Fund"), a
newly established series of ING Equity Trust, effective February 1, 2004, upon
all of the terms and conditions set forth in the Agreement. Upon your
acceptance, the Agreement will be modified to give effect to the foregoing by
adding "ING LargeCap Value Fund" to SCHEDULE A of the Agreement. The Amended
Schedule A, with the annual investment management fee indicated for the Fund, is
attached hereto.
SCHEDULE A has also been updated to remove ING Biotechnology Fund as this
Fund was recently dissolved, to change the name of ING Research Enhanced Index
Fund to ING Disciplined LargeCap Fund and to add breakpoints to ING SmallCap
Opportunities Fund and ING MidCap Opportunities Fund annual investment
management fee.
Please signify your acceptance to act as Manager under the Agreement with
respect to the aforementioned Fund.
Very sincerely,
Xxxxxx X. Xxxx
Senior Vice President
ING Equity Trust
ACCEPTED AND AGREED TO:
ING Investments, LLC
By: __________________________
Xxxxxxx X. Xxxxxx
Executive Vice President
0000 X. Xxxxxxxxxx Xxxxx Xx. Tel: 000-000-0000 ING Equity Trust
Scottsdale, AZ 00000-0000 Fax: 000-000-0000
xxx.xxxxxxxx.xxx
