Exhibit 99.B(d)(5)(i)
SCHEDULE A
TO THE
RESTATED EXPENSE LIMITATION AGREEMENT
ING SERIES FUND, INC.
OPERATING EXPENSE LIMITS
MAXIMUM OPERATING EXPENSE LIMIT
NAME OF FUND (AS A PERCENTAGE OF AVERAGE NET ASSETS)
------------ ---------------------------------------
Brokerage Cash Reserves 0.95
Initial Term Expires March 31, 2004
CLASS A CLASS B CLASS C CLASS I CLASS O CLASS R
------- ------ ------- ------ ------- -------
ING Bond Fund 1.00% 1.75% 1.75% 0.75% 1.00% N/A
Initial Term Expires March 31, 2004
ING Classic Principal Protection Fund I 1.50% 2.25% N/A N/A N/A N/A
Initial Term Expires May 31, 2004
ING Classic Principal Protection Fund II 1.50% 2.25% N/A N/A N/A N/A
Initial Term Expires May 31, 2004
ING Classic Principal Protection Fund III 1.50% 2.25% N/A N/A N/A N/A
Initial Term Expires May 31, 2004
ING Classic Principal Protection Fund IV 1.50% 2.25% N/A N/A N/A N/A
Initial Term Expires May 31, 2004
ING Government Fund 0.95% 1.70% 1.70% 0.70% 0.95% N/A
Initial Term Expires March 31, 2004
ING Index Plus LargeCap Fund 0.95% 1.70% 1.45% 0.70% 0.95% 1.20%
Initial Term Expires May 31, 2004
ING Index Plus MidCap Fund 1.00% 1.75% 1.50% 0.75% 1.00% 1.25%
Initial Term Expires May 31, 2004
ING Index Plus Protection Fund 1.50% 2.25% N/A N/A N/A N/A
Initial Term Expires May 31, 2004
1
MAXIMUM OPERATING EXPENSE LIMIT
NAME OF FUND (AS A PERCENTAGE OF AVERAGE NET ASSETS)
------------ ---------------------------------------
CLASS A CLASS B CLASS C CLASS I CLASS O CLASS R
------ ------- ------- ------- ------- -------
ING Index Plus SmallCap Fund 1.00% 1.75% 1.50% 0.75% 1.00% 1.25%
Initial Term Expires May 31, 2004
ING International Growth Fund 1.60% 2.35% 2.35% 1.35% 1.60% N/A
Initial Term Expires October 31, 2003
ING Small Company Fund 1.50% 2.25% 2.25% 1.25% 1.50% N/A
Initial Term Expires May 31, 2004
ING Strategic Allocation Balanced Fund 1.20% 1.95% 1.95% 0.95% 1.20% N/A
Initial Term Expires May 31, 2004
ING Strategic Allocation Growth Fund 1.25% 2.00% 2.00% 1.00% 1.25% N/A
Initial Term Expires May 31, 2004
ING Strategic Allocation Income Fund 1.15% 1.90% 1.90% 0.90% 1.15% N/A
Initial Term Expires May 31, 2004
ING Technology Fund 1.75% 2.50% 2.50% 1.50% 1.75% N/A
Initial Term Expires May 31, 2004
ING Value Opportunity Fund 1.35% 2.10% 2.10% 1.10% 1.35% N/A
Initial Term Expires May 31, 2004
/s/ HE HE
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2
