April 28, 2006 Jeffrey A. Everett
Exhibit 99.B(d)(2)(AA)(i)
April 28, 2006
Xxxxxxx X. Xxxxxxx
Xxxxxxxxx Global Advisors Limited
Box N-7759
Xxxxxx Xxx
Nassau, Bahamas
Dear Xx. Xxxxxxx:
Pursuant to Section 6 of the Portfolio Management Agreement dated December 5, 2005 among ING Investors Trust, Directed Services, Inc. and Xxxxxxxxx Global Advisors Limited (the “Agreement”) we hereby modify the fee arrangement with the Portfolio Manager for ING Xxxxxxxxx Global Growth Portfolio (the “Portfolio”) by adding an additional portfolio with which to aggregate assets for purposes of calculating the portfolio management fees. Upon your acceptance, the Agreement will be modified to give effect to the foregoing by amending Schedule A of the Agreement, effective April 28, 2006. The Amended Schedule A, with the annual portfolio management fees indicated for the Portfolio, is attached hereto.
Please signify your acceptance of the modified fee arrangement under the Agreement with respect to the Portfolio by signing below.
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Very sincerely, |
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/s/Xxxxxx X. Xxxx |
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Xxxxxx X. Xxxx |
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Senior Vice President |
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ACCEPTED AND AGREED TO: |
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Xxxxxxxxx Global Advisors Limited |
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By: |
/s/Xxxxxxx X. Xxxxxxx |
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Name: |
Xxxxxxx X. Xxxxxxx |
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Title: |
President and Chief Investment Officer , Xxxx Authorized |
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0000 X. Xxxxxxxxxx Xxxxx Xx. |
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Tel: 000-000-0000 |
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Scottsdale, AZ 00000-0000 |
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Fax: 000-000-0000 |
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xxx.xxxxxxxx.xxx |
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AMENDED SCHEDULE A
COMPENSATION FOR SERVICES TO SERIES
For the services provided by Xxxxxxxxx Global Advisors Limited (“Portfolio Manager”) to the following Series of ING Investors Trust, pursuant to the attached Portfolio Management Agreement, the Manager will pay the Portfolio Manager 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:
SERIES |
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RATE |
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ING Xxxxxxxxx Global Growth Portfolio(1) |
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0.625% on first $50
million; |
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.
(1) For purposes of calculating fees under this Agreement, the assets of the Series shall be aggregated with the assets of the ING Xxxxxxxxx Foreign Equity Portfolio, a series of ING Partners, Inc., and ING Franklin Income Portfolio, a series of ING Investors Trust, which are not parties to this Agreement. The aggregated assets will be applied to the above schedule and the resulting fee shall be prorated back to each Series and its respective Adviser/Manager based on relative net assets.
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