[ING LOGO]
ING Life Insurance and Annuity Company
000 Xxxxxxxxxx Xxxxxx, XX00, Xxxxxxxx, XX 00000-0000
(d)(15)(iii)
May 1, 2006
ING Partners, Inc.
0000 X. Xxxxxxxxxx Xxxxx Xx.
Scottsdale, AZ 85258
Ladies and Gentlemen:
Pursuant to our letter agreement dated June 1, 2005, we have reduced our
annual investment management fee for ING Xxx Xxxxxx Xxxxxxxx Portfolio (the
"Portfolio") by an amount corresponding to the June 1, 2005 sub-advisory fee
reduction by Xxxxxx Xxxxxxx Investment Management Inc. d/b/a Xxx Xxxxxx (the
"Reduction").
The Reduction is calculated as follows:
REDUCTION = 50%X (FORMER SUB-ADVISORY FEE - NEW SUB-ADVISORY FEE)
By this letter, we agree to continue the Reduction for the period May 1,
2006 through May 1, 2007.
Please indicate your agreement to this Reduction by executing below in the
place indicated.
Very sincerely,
/s/ Xxxxxx X. Xxxxxxxxxxx
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Xxxxxx X. Xxxxxxxxxxx
Vice President
ING Life Insurance and Annuity Company
Agreed and Accepted:
ING Partners, Inc.
(on behalf of the Portfolio)
By: /s/ Xxxxxx X. Xxxx
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Xxxxxx X. Xxxx
Executive Vice President
