Exhibit - (h)(5)(i)
[ING FUNDS LOGO]
December 28, 2005
Xxxx Xxxxx
Senior Vice President
ING Funds Services, LLC
0000 X. Xxxxxxxxxx Xxxxx Xxxx
Xxxxxxxxxx, XX 00000
Dear Xx. Xxxxx:
Pursuant to the Administration Agreement dated September 23, 2002, between
ING Equity Trust and ING Funds Services, LLC (the "Agreement") we hereby notify
you of our intention to retain you as Administrator to render administrative
and other services to ING Fundamental Research Fund and ING Opportunistic
LargeCap Fund (the "Funds"), two newly established series of ING Equity Trust,
effective December 28, 2005 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 Funds to the AMENDED SCHEDULE A of the
Agreement. The AMENDED SCHEDULE A is attached hereto.
AMENDED SCHEDULE A has also been updated to reflect the removal of ING
Equity and Bond Fund, as this funds recently merged into another fund.
Please signify your acceptance to act as Administrator under the Agreement
with respect to the aforementioned Funds.
Very sincerely,
/s/ Xxxxxx X. Naka
Xxxxxx X. Naka
Senior Vice President
ING Equity Trust
ACCEPTED AND AGREED TO:
ING Funds Services, LLC
By: /s/ Xxxx Xxxxx
-------------------
Xxxx Xxxxx
Senior 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
AMENDED SCHEDULE A
TO THE
ADMINISTRATION AGREEMENT
BETWEEN
ING EQUITY TRUST
AND
ING FUNDS SERVICES, LLC
SERIES ADMINISTRATIVE FEE
------ ------------------
(as a percentage of average daily net assets)
ING Convertible Fund 0.10%
ING Disciplined LargeCap Fund 0.10%
ING Fundamental Research Fund 0.10%
ING LargeCap Growth Fund 0.10%
ING LargeCap Value Fund 0.10%
ING MidCap Opportunities Fund 0.10%
ING MidCap Value Choice Fund 0.10%
ING MidCap Value Fund 0.10%
ING Opportunistic LargeCap Fund 0.10%
ING Real Estate Fund 0.10%
ING SmallCap Opportunities Fund 0.10%
ING SmallCap Value Choice Fund 0.10%
ING SmallCap Value Fund 0.10%
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