March 21, 2014 Mr. Todd Modic ING Investments LLC Suite 100 Scottsdale, AZ 85258 Dear Mr. Modic:

(d)(1)(i)

March 21, 2014

Xx. Xxxx Xxxxx

ING Investments LLC

0000 X. Xxxxxxxxxx Xxxxx Xxxx

Suite 100

Scottsdale, AZ 85258

Dear Xx. Xxxxx:

Pursuant to the Investment Management Agreement, dated May 7, 2013, as amended, between ING Intermediate Bond Portfolio and ING Investments, LLC (the “Agreement”), we hereby notify you of our intention to modify the breakpoints to the annual investment management fee for ING Intermediate Bond Portfolio (the “Portfolio”), effective the close of business on March 21, 2014.

Upon your acceptance, the Agreement will be modified to give effect to the foregoing by amending Schedule A of the Agreement. The Amended Schedule A, which indicates the additional breakpoints to the annual investment management fee for the Portfolio, is attached hereto.

Please signify your acceptance to the modified breakpoints to the annual investment management fee for the aforementioned Portfolio by signing below.

		Very sincerely,
By:		/s/ Xxxxxxxx X. Xxxxxxxx
		Xxxxxxxx X. Xxxxxxxx
		Senior Vice President
		ING Intermediate Bond Portfolio

ACCEPTED AND AGREED TO:

ING Investments, LLC

By:		/s/ Xxxx Xxxxx
Name:		Xxxx Xxxxx
Title:		Senior Vice President, Xxxx Authorized

0000 X. Xxxxxxxxxx Xxxxx Xx. Suite 100 Scottsdale, AZ 00000-0000 Tel: 000-000-0000 Fax: 000-000-0000 xxx.xxxxxxxx.xxx ING Intermediate Bond Portfolio

AMENDED SCHEDULE A

with respect to the

INVESTMENT MANAGEMENT AGREEMENT

between

ING INTERMEDIATE BOND PORTFOLIO

and

ING INVESTMENTS, LLC

Series		Effective Date		Annual Investment Management Fee (as a percentage of daily net assets)
ING Intermediate Bond Portfolio		Close of Business on March 21, 2014		0.40% on first $4 billion 0.38% on next $3 billion 0.36% on assets in excess of $7 billion

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