Directed Services, LLC
Exhibit 99.B(d)(2)(Z)(i)
Directed Services, LLC
0000 Xxxxxxxx Xxxxx, Xxxx Xxxxxxx, XX 00000
April 30, 2007
Mr. Xxxxxx Xxxxxxxx
BlackRock Investment Management, LLC
000 Xxxxxxxx Xxxx Xxxx
Plainsboro, New Jersey 08536
Dear Xx. Xxxxxxxx:
Pursuant to Section 6 of the Sub-Advisory Agreement dated February 2, 2007, among ING Investors Trust, Directed Services, LLC and BlackRock Investment Management, LLC (the “Agreement”) we hereby notify you of our intention to modify the annual sub-advisory fees for ING BlackRock Large Cap Growth Portfolio and ING BlackRock Large Cap Value Portfolio (the “Portfolios”), effective April 30, 2007, 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 amending Schedule A of the Agreement. Amended Schedule A, with the annual sub-advisory fees indicated for the Portfolios, is attached hereto.
Please signify your acceptance of the modified fees for the Portfolios under the Agreement by signing below.
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Very sincerely, |
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/s/ Xxxx Xxxxx |
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Xxxx Xxxxx |
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Vice President |
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Directed Services, LLC |
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ACCEPTED AND AGREED TO:
BlackRock Investment Management, LLC
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By: |
/s/ Xxxxx X. Xxxxxxx |
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Name: |
Xxxxx X. Xxxxxxx |
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Title: |
Managing Director, Duly Authorized |
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AMENDED SCHEDULE A
COMPENSATION FOR SERVICES TO SERIES
For the services provided by BlackRock Investment Management, LLC (“Sub-Adviser”) to the following Series of ING Investors Trust, pursuant to the attached Sub-Advisory Agreement, the Adviser will pay the Sub-Adviser a fee, computed daily and payable monthly, based on the average daily net assets of the Series at the following annual rates of the average daily net assets of the Series:
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RATE |
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ING BlackRock Large Cap Growth Portfolio |
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0.375% on first $250 million; |
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0.350% on next $250 million; and |
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0.325% thereafter |
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ING BlackRock Large Cap Value Portfolio |
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0.375% on first $250 million; |
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0.350% on next $250 million; and |
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0.325% thereafter |
If this Agreement becomes effective or terminates before the end of any month, the fee for the period from the effective date to the end of the month or from the beginning of such month to the date of termination, as the case may be, shall be prorated according to the proportion that such period bears to the full month in which such effectiveness or termination occurs.
