Exhibit 99.B-(h)(1)(iv)
[ING FUNDS LOGO]
December 1, 2004
Xxxxxxx X. Xxxxxx
Executive Vice President
ING Funds Services, LLC
0000 X. Xxxxxxxxxx Xxxxx Xxxx
Xxxxxxxxxx, XX 00000
Dear Xx. Xxxxxx:
Pursuant to the Administrative Services Agreement dated November 19, 2003,
between ING Partners, Inc. and ING Funds Services, LLC (the "Agreement") we
hereby notify you of our intention to (1) retain you as Administrator to render
administrative and other services to ING Solution 2015 Portfolio, ING Solution
2025 Portfolio, ING Solution 2035 Portfolio, ING Solution 2045 Portfolio, and
ING Solution Income Portfolio, five newly established series of ING Partners,
Inc. (the "New Funds"), and (2) modify the annual administrative services fees
for ING American Century Select Portfolio, ING Xxxxxxxxxxx Global Portfolio, ING
X. Xxxx Price Diversified Mid Cap Growth Portfolio, and ING Xxx Xxxxxx Equity
and Income Portfolio, 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 the New Funds to and lowering the annual
administrative services fees on AMENDED SCHEDULE A and AMENDED SCHEDULE B of the
Agreement. The AMENDED SCHEDULE A and AMENDED SCHEDULE B are attached hereto.
AMENDED SCHEDULE A and AMENDED SCHEDULE B were also updated to reflect name
changes of ING Xxxxx Aggressive Growth Portfolio to ING X. Xxxx Price
Diversified Mid Cap Growth Portfolio, ING Xxxxx Capital Appreciation Portfolio
to ING Salomon Brothers Large Cap Growth Portfolio, ING Xxxxx Growth Portfolio
to ING American Century Select Portfolio, ING MFS Global Growth Portfolio to ING
Xxxxxxxxxxx Global Portfolio and ING UBS U.S. Allocation Portfolio to ING Xxx
Xxxxxx Equity and Income Portfolio.
Please signify your acceptance to act as Administrator under the Agreement
with respect to the aforementioned New Funds.
Very sincerely,
Xxxxxx X. Xxxxxxxxxxx
Vice President
ING Partners, Inc.
ACCEPTED AND AGREED TO:
ING Funds Services, LLC
By:
-----------------------------
Xxxxxxx X. Xxxxxx
Executive Vice President
0000 X. Xxxxxxxxxx Xxxxx Xx. Tel: 000-000-0000 ING Partners, Inc.
Scottsdale, AZ 00000-0000 Fax: 000-000-0000
xxx.xxxxxxxx.xxx
AMENDED SCHEDULE B
ADMINISTRATIVE SERVICES FEES
SERIES FEES
------ ----
ING Aeltus Enhanced Index Portfolio 0.20%
ING American Century Select Portfolio 0.02%
ING American Century Small Cap Value Portfolio 0.40%
ING Baron Small Cap Growth Portfolio 0.40%
ING Fidelity(R) VIP Contrafund(R) Portfolio 0.05% while Series invested in Master
0.15% for Stand-alone Series
ING Fidelity(R) VIP Equity Income Portfolio 0.05% while Series invested in Master
0.15% for Stand-alone Series
ING Fidelity(R) VIP Growth Portfolio 0.05% while Series invested in Master
0.15% for Stand-alone Series
ING Fidelity(R) VIP Mid Cap Portfolio 0.05% while Series invested in Master
0.17% for Stand-alone Series
ING Xxxxxxx Xxxxx(R) Capital Growth Portfolio 0.20%
ING Xxxxxxx Xxxxx(R) Core Equity Portfolio 0.20%
ING JPMorgan Xxxxxxx International Portfolio 0.20%
ING JPMorgan Mid Cap Value Portfolio 0.35%
ING MFS Capital Opportunities Portfolio 0.25%
ING OpCap Balanced Value Portfolio 0.20%
ING Xxxxxxxxxxx Global Portfolio 0.06%
ING Xxxxxxxxxxx Strategic Income Portfolio 0.04%
ING PIMCO Total Return Portfolio 0.35%
ING Salomon Brothers Aggressive Growth Portfolio 0.13%
ING Salomon Brothers Fundamental Value Portfolio 0.20%
SERIES FEES
------ ----
ING Salomon Brothers Investors Value Portfolio 0.20%
ING Salomon Brothers Large Cap Growth Portfolio 0.20%
ING Solution 2015 Portfolio 0.02%
ING Solution 2025 Portfolio 0.02%
ING Solution 2035 Portfolio 0.02%
ING Solution 2045 Portfolio 0.02%
ING Solution Income Portfolio 0.02%
ING X. Xxxx Price Diversified Mid Cap Growth Portfolio 0.02%
ING X. Xxxx Price Growth Equity Portfolio 0.15%
ING UBS U.S. Large Cap Equity Portfolio 0.15%
XXX Xxx Xxxxxx Xxxxxxxx Portfolio 0.35%
ING Xxx Xxxxxx Equity and Income Portfolio 0.02%
